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Reading and Understanding the Balance Sheet

Learn how to break down and understand the balance sheet section by section. 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. Learn where you can find the balance sheet information you need and then depending on your needs (are you looking to invest in the firm, be employed by the firm, consider getting a loan or extending a line of credit) how to break down the balance sheet section by section, do comparisons, calculate ratios, and make a final decision. Gain the tools needed to do everything mentioned above and make sound decisions for your organization.


Learning Objectives

  • You will be able to differentiate between the different types of financial reports.
  • You will be able to identify financial ratios.
  • You will be able to recognize the difference between short term and long term assets and liabilities.
  • You will be able to identify the fundamentals of the Balance Sheet.

Runtime: 79 minutes
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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

Where to Find Balance Sheet Information - SEC Website, Audited Financial Statements

What Is the Make-up of the Balance Sheet and What Should One Look for to Analyze?

Understand Current Asset and Current Liabilities, What They Are and How They Impact Working Capital

Discuss How to Common Size the Balance Sheet so It Can Be Used for Comparative Purposes

Discuss and Explain the Important Ratios That Can Be Pulled off of the Balance Sheet; Liquidity Ratios, Leverage Ratios

How to Gather Information and Make Decisions for; Setting a Line of Credit, Deciding to Buy Stock in This Company, Make a Loan to Them

The 5 C's of Credit -Most of Them Come From the Balance Sheet

How to Finalize Your Decision and Present It 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 November 19, 2018.

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

  • CPE/NASBA - QAS Self Study 2.0 including Management Services 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study 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: 2.0 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 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement 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.
     
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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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Pay once and get a full year of unlimited training in any format, any time!

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Product ID: 405250
Published 2018
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