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The Basics of Finance Learn to Read and Understand Balance Sheets Income Statements and Cash Flow Statements

Lorman Education Services
Training Provided by Lorman Education Services Finance is the universal language of business are you fluent? Each company s success is measured by its bottom line a basic knowledge of finance terminology is essential in today s business world. In this information-packed seminar, you ll get an in-depth look at the three basic financial statements the balance sheet, the income statement and the cash flow statement. Find out how they tie together and how they re created from day-to-day transactions. Learn how to interpret the financial performance of any organization based on their statements. Register for this essential seminar and discover what the numbers mean and what the statements are really saying. Benefits for You Explore the time-tested strategies for turning business transactions into financial statements Increase your confidence and understanding of the financial operations of your company or any company Grasp the key essentials of ratio analysis Correctly interpret footnotes to financial statements and other supplementary information Look beyond the numbers tips on using financial statements as a basis for decision making
This is primarily ilt training
instructor led trainingThis class may be available at a classroom in Milwaukee, WI,
Contact Lorman Education Services for more information
Training Presented in:English
The Basics of Finance Learn to Read and Understand Balance Sheets Income Statements and Cash Flow Statements Intended Audience
This seminar is designed for attorneys, accountants, vice presidents, presidents, lending professionals, business and office managers, credit managers, finance directors and others who need to read and understand financial statements.
Agenda
This seminar will be presented by Ronald I. Heller, Esq., CPA, Gary Kuba, CPA-ABV, CBA, ASA, and Ross M. Murakami, CPA.

8:00 am 8:30 am	Registration

8:30 am 9:40 am	Overview
 	Types of Business Organizations
 	Accounting and Finance Terminology
 	Basic Principles of Accounting

9:40 am 10:20 am	How Accountants Turn Business Transactions Into Financial Statements
 	Basic Accounting Procedures (Journals and Ledgers)
 	Overview and Importance of T-Accounts
 	The Three Basic Statements

10:20 am 10:30 am	Break

10:30 am 12:00 pm	Income Statement Analysis
 	How to Record Sales
 	Determining Cost of Goods Sold
 	Recording Operating Expenses
 	Net Profit Analysis
 	Ratio Analysis

12:00 pm 1:00 pm	Lunch (On Your Own)

1:00 pm 2:00 pm	Balance Sheet Analysis
 	Business Assets Composition and Accounting Treatment
 	Liability Composition and Treatment
 	Owner s Equity and Retained Earnings
 	Ratio Analysis What and Why
 	Examples

2:00 pm 3:00 pm	Cash Flow Statement
 	More Than EBITDA?
 	Cash From Operations
 	Cash From Investments
 	Cash From Financing
 	Why Profits Do Not Necessarily Equal Cash Flow

3:00 pm 3:10 pm	Break

3:10 pm 3:50 pm	More Things Users Need to Know
 	Audits, Reviews and Compilations
 	Reading and Understanding Financial Statement Footnotes
 	The 20 Minute Guide to Sarbanes-Oxley
 	The Future: International Standards

3:50 pm 4:30 pm	Tying It All Together
 	Comparison of Financial Statements
 	Financial Statements as a Basis for Decision Making

Credits
,IACET 0.65 ,CPE 8.0 including Accounting 8 ,PACE 8.0 including RHU 8; ChFC 8; REBC 8; CLF 8; CLU 8 ,
About The Training Provider: Lorman Education Services
Lorman Education Services - Lorman Education is dedicated to providing cost-effective training opportunities that meet the needs of our members and enhance their skills, knowledge, and competencies. Please use Priority Code 16175 when registering. Lorman Education Services began offering continuing education seminars in 1987. Lorman Education is dedicated to providing cost-effective training opportunities that...
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