FSAI
ANALYZING AND INTERPRETING FINANCIAL STATEMENTS
The current global recession that has been ongoing over the past two years has caused all users of financial statements to explore in greater depth their understanding of the financial and operating condition of businesses. As such, financial statement users are employing an array of different tools and techniques in dissecting financial statements and related information. This seminar, which will be conducted on a case study basis involving various financial statements and reports issued by a selected Fortune 500 company, will provide participants with a working knowledge of the necessary tools and techniques that are employed by both credit and equity stock analysts in analyzing and interpreting financial statements. Major Topics
- Differing types of financial analysis
- Using ratio analysis to understand and interpret financial results
- Obtaining peer group information from the various available databases
- Searching financial statement footnotes for interpretive information
- Impact of international financial reporting standards and interpretations
- Utilizing the results of financial analysis in the financial management process
Learning Objectives
- Understand the differences between preparing financial statements and analyzing and interpreting them
- Apply ratio analysis and other tools and techniques for management control and reporting purposes
- Discuss financial statement footnote disclosures and importance in relation to ratio analysis
Designed For: CPAs in public practice and industry who want an understanding of how financial statements can be better interpreted through the use of analytical financial tools and techniques
Level of Knowledge: Basic
Prerequisites: None
Advance Preparation: Participants will need to bring a handheld calculator to the seminar.
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