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Financial Statement Analysis: Interpret Financial Results for Better Management, Investment and Credit Decisions

Why purchase these reference materials? Find out what financial statements really reveal about businesses and where to find the best research sources for comparative statement data. You will learn to uncover critical information by reading between the lines of balance sheets, income statements and cash flow statements. The financial statements of a company tell a story - learn how to uncover the story. Benefits for You •Achieve your goals by mastering ratio and analysis techniques •Improve your financial results by monitoring the most critical performance indicators •Identify state and local tax credits that could improve your financial performance •Use strategies for identifying fraud •Understand the purpose of valuations and when to use them Learning Objectives •You will be able to review how to read financial statements. •You will be able to describe income taxes and financial statements. •You will be able to identify financial statement analysis. •You will be able to discuss business valuations.
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Why Lorman?

Over 32 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

Overview
— Michael J. Stevenson, CPA, CFE, CFF, ABV
Reading Financial Statements
— Michael J. Stevenson, CPA, CFE, CFF, ABV
  • Understanding GAAP and Other Accounting Styles
  • Balance Sheet
  • Income Statement
  • Statement of Cash Flows
  • Statement of Retained Earnings
  • Footnotes
Income Taxes and Financial Statements
— Monika L. Diehl, CPA
  • Types of Entities
  • Types of Taxes
  • Accounting Methods
  • Presentation of Taxes in Financial Statements
  • Tax Footnote Disclosures
Financial Statement Analysis
— Joseph Wilson, CPA
  • Interpreting Key Ratios
  • Benchmarking
  • Budgets and Projections
  • Understanding the Importance of Cash Flow
  • Identifying Red Flags – Financial Statement Fraud
Taking Advantage of Tax Credits and Incentives
— Terracina Maxwell, J.D.
  • Triggers to Start Thinking About Credits and Incentives
  • Ohio Incentives Programs
  • Local Incentives Opportunities
  • Statutory Credits (Including WITC)
Business Valuations
— Michael J. Stevenson, CPA, CFE, CFF, ABV
  • Reasons for Valuations
  • The Valuation Process
  • Standards of Value
  • Methods and Approaches – Which to Use
  • Deciphering Valuation Discounts
Panel Discussion
— Monika L. Diehl, CPA, Terracina Maxwell, J.D., Michael J. Stevenson, CPA, CFE, CFF, ABV and Joseph Wilson, CPA
  • Personal Experiences and Examples
  • Questions and Answers
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More Program Information

Why Lorman?

Over 32 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

Online Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 32 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 J. Stevenson, CPA, CFE, CFF, ABV – Moderator

Clarus Partners

  • Partner with the firm of Clarus Partners
  • Former vice president of finance and treasurer at Abercrombie & Fitch for 10 years
  • Responsibilities included SEC reporting, accounting operations, budgets, forecasts and tax
  • Consulted at companies such as Wendy’s, Big Lots, Eddie Bauer and Unizan
  • Past employee in the accounting and auditing services of PricewaterhouseCoopers national office
  • Can be contacted at 614-545-9100 or [email protected]

Monika Diehl

Clarus Partners

Monika L. Diehl, CPA

  • Director with Clarus Partners
  • Focuses on corporate tax compliance and establishment of business process related to tax compliance
  • Experience managing federal and state tax compliance and filings in all 50 states
  • B.S. degree, The Ohio State University; master of taxation degree, Capital University Law School
  • Can be contacted at 614-545-9100 or [email protected]

Terracina Maxwell

Clarus Partners

Terracina Maxwell, J.D.

  • Director of credits and incentives with Clarus Partners
  • Negotiates state and local tax incentives for clients
  • Drafts contracts between the state departments and clients for tax incentives
  • Prepared and managed budget for The Ohio Department of Natural Resources
  • Can be contacted at 614-545-9100 or [email protected]

Joseph "J.W." Wilson

Clarus Partners

Joseph Wilson, CPA

  • Director of accounting and auditing services with the firm of Clarus Partners
  • More than 15 years of public accounting experience providing accounting and business solutions to clients
  • Focuses on providing insight into business planning issues, including strategic planning and cash flow management
  • Leads implementation of new accounting standards affecting the firm and clients
  • Can be contacted at 614-545-9100 or [email protected]
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Why Lorman?

Over 32 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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Product ID: 371733
Published 2013
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