Unlock the secrets to understanding a company's financial health and management performance through comprehensive financial analysis. This seminar will guide you through essential tools such as vertical analysis, horizontal analysis, and ratio analysis to gain deep insights into business performance.
Objectives:After attending this presentation, you will be able to...
Utilize vertical analysis by converting each financial statement line item into a percentage of a base figure, facilitating effective comparisons across different companies and identifying significant financial trends.
Calculate horizontal analysis for review of financial data over multiple periods, to identify notable changes and trends that reflect a company's growth and performance trajectory.
Calculate and interpret key financial ratios, assessing aspects such as profitability, liquidity, and solvency. Gain insights into management performance and business viability, leveraging this analysis to make informed decisions based on real-world financial data.
Financial statement forecasting is essential for predicting a company's future financial health, guiding strategic decisions, and attracting investments. By analyzing historical data, market trends, and assumptions, businesses can anticipate risks and opportunities, enabling effective planning, resource allocation, and long-term stability and growth.
Objectives:After attending this presentation, you will be able to...
Formulate the ability to project future income, expenses, and resources using historical data and market trends for strategic planning and investment decisions.
Calculate future earnings and financial positions to evaluate growth potential, solvency, and capital structure for effective budgeting and risk management.
Apply forecasting insights to enhance resource allocation, manage risks, and attract investments, supporting long-term financial stability and growth
Financial statements prepared for stockholders and external users follow Generally Accepted Accounting Principles (GAAP), while tax returns adhere to the Internal Revenue Code (IRC). These frameworks differ in recognizing profitability, influencing reported income significantly. Companies often aim to minimize taxable income within legal bounds, while maintaining compliance with both financial reporting and tax regulations.
Objectives:After attending this presentation, you will be able to...
Recognize variations in income recognition.
Recognize deductible expenses between GAAP and IRC affect reported profitability and tax liabilities.
Compute deferred tax assets and liabilities, learning their impact on financial statements and future tax obligations.
What can we learn from one of the largest municipal frauds in U.S. history? Rita Crundwell stole nearly $54 million from the citizens of Dixon, Illinois over the course of two decades. This course examines circumstances that allowed this landmark fraud to occur. We will explore internal control deficiencies and other circumstances that hindered prevention or timely detection of Rita's scheme.
Objectives:After attending this presentation, you will be able to...
Recall factors that allowed the Dixon fraud to occur
Identify internal controls that could have prevented the fraud
Recognize lessons that CPA firms should learn from this case
Analyze the intricacies of independence
Distinguish best practices for government agencies and other organizations that utilize employees
Have you ever considered a tax audit from the perspective of an IRS examiner? This session explains how you can use IRS Audit Technique Guides (ATGs) to enhance tax compliance. You will obtain a glimpse of the audit process from the viewpoint of an IRS agent as we explore insights that the IRS provides to its own examiners.
Sometimes the vernacular of accounting seems more challenging than technical aspects. This session offers suggestions for translating the foreign language of taxation into tangible terms for non-accountants. We explore techniques for simplifying the complexity of taxation terminology. This course will equip you with tools for demystifying tax technicalities so you can help clients and other non-tax professionals grasp fundamental concepts.
Objectives:After attending this presentation, you will be able to...
Identify taxation nuances that are important but difficult for non-tax professionals to understand.
Apply techniques for educating clients regarding taxation.
Distinguish methods for simplifying and communicating complicated tax concepts.
This session provides insights for enhancing the preparation and utilization of budgets. Seasoned accountants will benefit from a refreshed awareness of popular techniques. Budding financial professionals will obtain novel insight regarding fundamental budgeting concepts. All participants will develop an appreciation for the holistic nature of budgeting as an integral tool for planning and control.
Objectives:After attending this presentation, you will be able to...
