Live Webinar

60-minute live streaming program
  • January 19
  • 1:00 - 2:00 pm EST

Understanding Quality of Earning Reports

January 19

Gain a better understanding of what a quality of earnings report means and who needs one.

This course will provide you with an understanding of the process of conducting a quality of earnings engagement and how to conduct this analysis. You will learn how to identify add-backs to earnings, explain financial trends and walk EBITDA forward. You will learn how to use techniques, including trend analysis, common-size analysis, and benchmark analysis, to measure the quality of earnings.

Learning Objectives

  • You will be able to define quality of earnings adjustments.
  • You will be able to discuss industry benchmarks.
  • You will be able to explain an EBITDA walk forward.
  • You will be able to identify nonrecurring income or expenses that impact quality of earnings.

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Why Lorman?

Over 35 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

Process of Quality of Earnings Engagement
  • The Focus on EBITDA as a Measure of Earnings (Earnings Before Interest, Taxes, Depreciation, and Amortization)
  • Quality of Earnings From the Buyer’s Perspective
  • Quality of Earnings From the Seller’s Perspective
EBITDA Add-Backs
  • Owner Perquisites – What Is a Perk vs. Fair Compensation?
  • Recurring vs. Nonrecurring Income and Expenses
  • Normalizing Start-Up Operations
EBITDA Walk Forward
  • Identify Annual Variances That Impact EBITDA
  • Learn How to Walk EBITDA Forward From One Year to the Next
  • How to Present the Walk Forward in a Meaningful Context
Benchmark Analysis
  • Comparison of Recent Financial Trends to Industry Benchmarks
  • Sources of Benchmarks
  • How to Identify Valid Reasons for Variances and How to Present Them
Trend, Common Size, and Ratio Analysis
  • Understand How Annual Trends Reveal Relationships Between Certain Expenses and Revenue
  • Understand How to Spot Margin Growth and Attrition
  • Understand How Product Mix Impacts the Quality of Earnings
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More Program Information

Why Lorman?

Over 35 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

  • CPE 1.2 including Accounting 1.2
     
  • 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: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 1.2 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.
     

Who should attend?

This live webinar is designed for accountants, CPAs, controllers, CFOs, tax managers, tax preparers, finance directors, presidents, vice presidents, estate and financial planners, and accounts payable professionals.

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Why Lorman?

Over 35 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

Michele Avery, CPA/ABV, CVA, MAFF

Michele Avery, CPA/ABV, CVA, MAFF

LaPorte CPAs & Business Advisors

  • Director of Forensic and Valuation Services
  • Practice is focused solely on business valuation, including transactions of business interests, litigation issues, and estate matters
  • Regular speaker on business valuation and business transactions for CLE and CPE for attorneys and accountants
  • AICPA Forensic and Valuation Services Section, Louisiana Society of CPAs - Forensic and Valuation Services Committee
  • M.B.A. degree, Louisiana State University; B.A. degree, University of Wisconsin - Superior
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More Program Information

Why Lorman?

Over 35 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.

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  • State Specific Credit Tracker
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Product ID: 409490
Published 2022
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