Financial Statement Analysis - Day

The focus of this course is on the assessment of business performance through analysis of financial statements, as well as valuation of off-balance sheet obligations and commitments.

29-Feb-2012 -- 01-Mar-2012New YorkUSD$2475
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Robert Rossetti; ] Wed Thu Level: Intermediate

12-Sep-2012 -- 13-Sep-2012New YorkUSD$2475
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Robert Rossetti; ] Tue Wed Level: Intermediate

CPE CREDITS
14.0
Analysts, investment advisors, credit analysts, compliance staff, auditors and others making investment and lending decisions.
No advance preparation required.
Students will be able to:
  • Comprehend the investment environment
  • Understand financial reports
  • Apply financial statement ratios
  • Recognize accounting methods
  • Find reality in reported earnings
  • Forecast financial statements
  • Understans determinants of return on equity
Introduction to Financial Accounting or knowledge of financial accounting principles.
"This course helped me understand the construction of financial statements and estimates."
"The instructor was very experienced."
"Analysis with real financial statements, not text book materials"
"Nice broad overview and introduction to the balance sheet income statement and start of cash flows"
Comprehend the Investment Environment
  • Gain an appreciation of the trade-off between risk and reward
  • Understand industry and product life cycles
  • Recognize pricing strategies

Understanding Financial Reports

  • Balance sheet
  • Income statement
  • Statement of cash flows

Application of Financial Statement Ratios

  • Observe historical trends
  • Identify determinants of earnings growth
  • Measure financial strength
  • Analyze profitability ratios

Recognize Accounting Methods

  • Inventory valuation - LIFO vs. FIFO
  • Depreciation - Straight Line, Sum of the year's digits, etc.
  • Examine capitalization versus expensing

Finding Reality in Reported Earnings

  • Identifying non-operating activities that alter reported earnings
  • Recognize off-balance sheet liabilities
  • Examine areas for accounting manipulation

Forecast Financial Statements

  • Construct common form statements
  • Utilize segment data
  • Compose one-year and multi-year projections

Determinants of Return on Equity

  • Examine the Dupont System for determining ROE
  • Understand the components of a business
  • Observe the link between ROE and implied growth

Clients who register for this course will receive a complimentary 4-month subscription to FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. The move to the electronic version follows an ongoing review of our environmental responsibilities as a global business and as part of the Pearson group. FT.com also has features that are not available in hard copy, such as: Special Reports, Alphaville, editor blogs, education sections and much more! Subscriptions will start within 6-8 weeks of the start of class and are limited to one subscription per client. (Please note: as of May 1, 2011, the electronic subscription replaces the hard-copy 3-month Financial Times subscription.)

Lunch is included for all students taking day classes.