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.

18-Jun-2008 -- 19-Jun-2008New YorkUSD$2375
NY Institute of Finance - Midtown1:00pm - 7:00pm Instructional Method:
Group-Live
Instructor(s): [ Samantha Epstein; ] Wed Thu Level: Intermediate
CPE Credits: 14

09-Jul-2008 -- 10-Jul-2008StamfordUSD$2375
NY Institute of Finance - Stamford, CT1:00pm - 7:00pm Instructional Method:
Group-Live
Instructor(s): [ Samantha Epstein; ] Wed Thu Level: Intermediate
CPE Credits: 14

06-Aug-2008 -- 07-Aug-2008New YorkUSD$2375
NY Institute of Finance - Midtown1:00pm - 7:00pm Instructional Method:
Group-Live
Instructor(s): [ Samantha Epstein; ] Wed Thu Level: Intermediate
CPE Credits: 14

09-Sep-2008 -- 10-Sep-2008StamfordUSD$2375
NY Institute of Finance - Stamford, CT1:00pm - 7:00pm Instructional Method:
Group-Live
Instructor(s): [ Samantha Epstein; ] Tue Wed Level: Intermediate
CPE Credits: 14

06-Nov-2008 -- 07-Nov-2008New YorkUSD$2375
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Robert Rossetti; ] Thu Fri Level: Intermediate
CPE Credits: 14

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
  • Understanding financial reports
  • Application of financial statement ratios
  • Recognize accounting methods
  • Finding reality in reported earnings
  • Forecast financial statements
  • Determinants of return on equity
Introduction to Financial Accounting or knowledge of financial accounting principles.
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 6 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process, and are limited to one per client. For questions about your subscriptions call 800-628-8088 or email uscirculation@ft.com. US and Canada enrollees only.

Lunch included for all students taking day classes.