Description
Lisa Dorian – CFI Education – Reading Business Financial Information download, Lisa Dorian – CFI Education – Reading Business Financial Information review, Lisa Dorian – CFI Education – Reading Business Financial Information free
Lisa Dorian – CFI Education – Reading Business Financial Information
Reading Business Financial Information
Get the facts on the three most important financial statements in business, and become a confident lending or investing professional!
Discover the financial information lenders and investors rely on
Learn the “spread†in spreadsheets by calculating lending ratios and learn to read between the lines
Identify the differences between tax and accounting incomes
Overview
Reading Business Financial Information Overview
Reading business financial information is a critical task of every credit analyst and the first step in reviewing a credit application. In this Reading Business Financial Information course, we will look at key financial statements including the balance sheet, income statement, and the statement of cash flows. We’ll explore the relationship between these financial statements and how they are linked to each other. We’ll also look at the different levels of accountant’s reports and the comfort each provides.
We will further consider what’s included in the business tax return and how to use this information. Finally, we’ll calculate and interpret the key credit-related ratios for assessing the financial capacity of a business. All these contribute to the business story and influence the credit decisions to be made.
Reading Business Financial Information Learning Objectives
Upon completing this course, you will be able to:
Understand the basics of the three main financial statements and key financial terms
Learn the different components of financial statements
Understand how the three financial statements link together
Differentiate the levels of accountant’s reports and the comfort each provides
Calculate and interpret the key lending ratios
Who should take this course?
This Reading Business Financial Information course is perfect for any aspiring credit analysts working in insurance, underwriting, rating agencies, commercial lending, corporate credit analysis, and other areas of credit evaluation.
What you’ll learn
Introduction
Introduction
Downloadable Files
Learning Objectives
The Three Key Financial Statements
The Balance Sheet
Key Terms of Financial Statements
Interactive Exercise 1
The Income Statement
The Cash Flow Statement
Interactive Exercise 2
The Importance of Note Disclosures
Interactive Exercise 3
Conclusion
Reading the Balance Sheet and Statement of Equity
ABC Company Financial Statements – M2,3
Learning Objectives
General Overview
Simplified Balance Sheet
Current vs. Non-current Assets
Interactive Exercise 4
Demonstration of ABC Company Balance Sheet
Accounting for Current Assets Exercise
Investments
Deferred Income Taxes
Goodwill
Intangible Assets
Accounting for Non-current Assets Exercise
Current vs. Non-current Liabilities
Commitments and Contingencies
Common vs. Preferred Shares
Authorized vs. Outstanding Share Capital
Contributed Surplus
Other Comprehensive Income
Interactive Exercise 5
Statement of Shareholders Equity
Examples of Equity Transactions
Interactive Exercise 6
Liabilities and Equity Exercise
Business Structures
How Ownership Structures Impact the Financial Statements
Interactive Exercise 7
Conclusion
Reading the Income Statement and Statement of Cash Flows
Learning Objectives
Income Statement Introduction
Cost of Sales
Operating Expenses
Other Non-operating Items
Interactive Exercise 8
Statement of Cash Flows
Cash Flow Activities
Key Elements in a Cash Flow Statement
Interactive Exercise 9
Intel Financial Statements Challenge Exercise
Conclusion
Linking It All Together
Learning Objectives
The Financial Statements Reviewed
Levels of Financial Reporting
Audited Financial Statements
Review Engagements
Compilation Engagements
Interactive Exercise 10
Key Lending Ratios
Interactive Exercise 11
Conclusion
Taxation
Learning Objectives
How Income Is Reported for Tax Purposes
Corporate Income Tax and Deferred Income Taxes
Permanent and Temporary Differences Between Accounting and Taxable Income
Deferred Income Taxes
Income Tax Disclosures
Income Taxes Exercise
Treatment of Losses
Interactive Exercise 12
Conclusion
Summary
Summary
Qualified Assessment
Qualified Assessment
