Show navigation

Live Webinar

100-minute live streaming program
  • July 9
  • 1:00 - 2:40 pm EST

Five Key Methods of Analyzing Financial Statements

July 9

Learn how to analyze financial statements with effective methods.

Many readers of annual financial statements do not always fully understand the types of analyses that could be performed to “drill down” into a company’s financial condition and results of its operation while reading a company’s annual financial statements. This topic will help readers of annual financial statements to better review, analyze and/or understand the annual financial statements of a company that have been provided to them. The material will explain five specific methods of analyzing financial statements that will immediately improve your ability to review and analyze annual financial statements presented to you.

Learning Objectives

  • You will be able to review five methods of analyzing financial statements.
  • You will be able to describe how analysts perform horizontal and vertical trend analyses.
  • You will be able to discuss data mining.
  • You will be able to explain the basic steps that forensic accountants use to analyze financial statements.

Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction
  • Brief Introduction of Financial Statements
  • Who Issues Financial Statements and Why
  • Why Are Financial Statements Analyzed
  • Five Methods of Analyzing Financial Statements
Horizontal and Vertical Trend Analyses
  • Vertical Trend Analysis
  • Horizontal Trend Analysis
Financial Ratio Analysis
  • Assesses and/or Measures the Relationships Among Different Financial Statement Items and Between These Items and Non-Financial Information Performing This Analysis Can Assist in:
    • Highlighting Relationships Between Financial Statement Items
    • Highlighting Unexpected Changes in Single and/or Multiple Items
    • Providing Useful Information to Compare One Entity to Others Within Its Industry to Assist in Evaluating Performance
  • These Ratios Can Then Be Compared on a Historical Basis Within the Entity or Against an Industry Benchmark
    • Risk Management Association Compiles Comparative Historical Data on a Number of Industries (Annual Statement Studies)
    • Integra Information© Provides Business Valuation and Analysis Data on a Number of Industries
  • Examples of Types of, and Specific, Ratios Include:
    • Liquidity, Profitability and Leverage Ratios
Analysis of Individual Statements/Analysis of the Statement of Cash Flows
  • When Does a Company Have Enough Cash?
    • When It Has Enough Cash to Pay ShortTerm Liabilities
  • When Does a Company Have Too Much Cash?
    • When the Company Has High Cash Balances on Its Balance Sheet (High Liquidity Ratios)
Data Mining Consists of Queries or Searches Performed Within Accounts (or Other Data) to Identify Anomalies Within the Accounts/Data - Examples of Data Mining Analysis Include:
  • Listing a Group of Accounts by Size
  • Identifying and Reviewing All New Suppliers
  • Identifying Gaps in Check Numbers
  • Identifying Duplicate Invoice Numbers or Payments
  • Testing Transactions for Proper Cut-Off Dates
  • Comparing Recent Prices With Actual Inventory Costs
Detailed Forensic Accounting (Under Development)
Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 2.0 including Accounting 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 2.0 hours. Prerequisite: basic knowledge of general accounting. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, LLC. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Accounting for 2.0 hours.
     

Who should attend?

This live webinar is designed for accountants, CPAs, controllers, CFOs, tax managers, tax preparers, finance directors, accounts payable professionals and bookkeepers.

Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Michael D. Pakter, CPA, CFE, CA

Michael D. Pakter, CPA, CFE, CA

Gould & Pakter Associates, LLC

  • Managing member of Gould & Pakter Associates, LLC
  • More than 40 years of experience in accounting and forensic accounting, business economics and investigations in numerous industries and diverse engagements, including more than 20 years of experience in determining economic damages and performing business valuations
  • State, federal and bankruptcy courts, as well as arbitral bodies, have recognized him as an expert in accounting, financial analysis, forensic accounting, economic damages, business valuation and business economics
  • Certified Public Accountant registered and licensed in the State of Illinois
  • The American Institute of Certified Public Accountants has recognized him as additionally Certified in Financial Forensics (CFF) and as a Chartered Global Management Accountant (CGMA)
  • He earned the National Association of Certified Valuators and Analysts (NACVA) Certified Valuation Analyst (CVA) designation having completed its business valuation specialty program and earned its Master Analyst in Financial Forensics (MAFF) designation
  • The Association of Insolvency and Restructuring Advisors (AIRA) has awarded him its Certified Insolvency and Restructuring Advisor (CIRA) certificate and its Certification in Distressed Business Valuation credential (CDBV); he is a Certified Fraud Examiner (CFE) and earned a Chartered Accountant (CA) credential
Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 407339
Published 2020
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!