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90-minute live streaming program
  • July 16
  • 1:00 - 2:30 pm EST

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Audio & Reference Manual

Financial Statement Series Part II: Reading and Understanding Income Statement Analysis

July 16

Learn how to understand and navigate your way around the Income Statement.

Many people may have financial statements in front of them but they do not know what they should be looking for. The financial statements can be seen as a maze as there is so much information and people do not know where to start looking first. This topic will show people where they can find the income statement information they need and then depending on their needs (are they looking to invest in the firm, be employed by the firm, consider giving them a loan or extending them a line of credit) how to break down the income statement section by section, do comparisons, calculate ratios, and make a final decision. This topic will provide you with the tools needed to do everything mentioned above and make sound decisions for your organization.

Learning Objectives

  • You will be able to identify where to go and find the Income statement information from.
  • You will be able to discuss how to make better credit decisions for your company.
  • You will be able to describe how to analyze and interpret income statement information.
  • You will be able to define how to obtain a fundamental understanding of accounts on the income statement.

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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

What Do We Find on the Income Statement?
  • Where to Find Income Statement Information - SEC Website, Audited Financial Statements
  • What Is the Make-up of the Income Statement and What Should One Look for to Analyze
  • Discuss How to Common Size the Income Statement so It Can Be Used for Comparative Purposes
What Can We Learn From an Income Statement?
  • Discuss and Explain the Important Ratios That Can Be Pulled off of the Income Statement
  • Learn How to Analyze and Make up a Multi-Step Income Statement
  • Understand How Accounting Choices Such as LIFO and FIFO Can Impact Your Income Statement
How Does the Income Statement Help Us in Our Decision Making Process?
  • Learn to Understand Profitability, Activity and Turnover Ratios
  • Learn How to Calculate Your Company's DSO and DPO
  • How to Analyze a Income Statement and Then Write a Review to Present to Management
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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.

Credits

OnDemand Webinar

This course was last revised on June 29, 2016.

Call 1-866-352-9540 for further credit information.

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

Live Webinar Registration

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 1.8 including Management Services 1.8
     
  • 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: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Management Services for 1.8 hours. Prerequisite: . 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, Inc. 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 Advisory Services for 1.5 hours.
     

Audio & Reference Manual

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

Who should attend?

This live webinar is designed for business and office managers, accountants, finance directors, controllers, CFOs, lending professionals, and credit managers.

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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.

Faculty

Ronald A. Sereika

Ronald A. Sereika

Mspark

  • 2010 NACM co-national instructor of the year
  • 2011 credit executive of the year for upstate New York
  • NACM CAP and ACAP instructor, 1998-2012
  • Written several publications related to the areas of collections and building partnerships with sales
  • Chairman of board of directors of NACM Rochester, 2003-2006
  • Speaker at NACM Credit Congress, 2012
  • Speaker at NACM annual meeting Upstate New York, 2010-2012
  • Finalist for CFO award CooperVision, 2012
  • 2013 NACM National CCE Designation of Excellence Award
  • B.S. degree in accounting; taken two-year credit and finance program, Amos Tuck Business School at Dartmouth University
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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: 406324
Published 2016, 2019
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