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

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.

Runtime: 87 minutes
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Why Lorman?

Over 34 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 34 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 Course

This course was last revised on July 16, 2019.

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

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

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Why Lorman?

Over 34 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 National instructor of the year award for The National Association of Credit Management
  • 2013 CCE award of excellence presented by the National Association of Credit Management
  • 2011 Credit Executive of the year Upstate New York by NACM Chicago
  • National Speaker at NACM Credit Congress, NACM Eastern Regional Conference, Upstate NY Annual meetings 2011 to 2015
  • Two time finalist at CooperVision for the CFO award given annually for the top performer in North America‚Äôs finance team
  • B.S. degree in accounting, Fredonia State University; attended Amos Tuck School of Business at Dartmouth University executive program for certification in Credit and Finance
  • Can be contacted at 585-264-3269 or [email protected]
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Why Lorman?

Over 34 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 2019
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