- Content and format of financial statements: accounting standards, current issues
- Making sense of individual statements: the balance sheet, income statement/retained earnings, cash flow statements, notes to statements
- Analyzing statements: analyzing liquidity, leverage, profitability and activity ratios, common size analysis, comparisons with other firms/industries or over time
There will be considerable discussion on “earnings management” and “aggressive financial reporting,” and how companies such as Nortel, Livent, Enron and WorldCom used these techniques to manipulate their financial statements. You will also learn how to uncover some of these irregularities in financial statements.
Any executive or manager with responsibilities for the financial health of an organization. Participants are not expected to have any formal accounting experience.
“A practical real-world course that inculcated a skill set that will make me more effective in my work.”
Dr. Richard Topping
Vancouver School of Theology
“This course is very informative and delivers what it promises, giving us very usable skills and tools to use in business. I would recommend it to all managers with responsibility for the financial performance of their company.”
Nechako Group of Companies
“An outstanding course for non-financial people! It taught me what questions to ask and why we need to ask them when being presented with a financial statement.”
Assistant Fire Chief
City of Surrey
“I went into this course wanting to get more knowledge on what to look at and for on financials and I came away with that and more. There were real-world situations that make the exercises real. I would recommend this to others.”
"This course was outstanding. It far surpassed my expectations of what the material was going to be delivered and how it was delivered. The case studies were relevant and informative. To be honest I was dreading this course as another numbers course, it was not that! The course gave insight on what questions to ask and why we should be asking questions. All in all an excellent two days!"