Show navigation

Available in:

OnDemand Webinar
Audio & Reference Manual
MP3 Download

Reading and Understanding the Income Statement

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: 84 minutes
Purchase Options

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.

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
Purchase Options

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

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.

Audio & Reference Manual

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

MP3 Download

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

Purchase Options

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

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
Purchase Options

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.

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: 397588
Published 2016, 2019
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!