Building Business Acumen Series: Making Dollars and Sense of Financial Statements Presented by : The Dean Consulting Group Diane D. Dean Principal December.

Slides:

Advertisements

Similar presentations

Topic 2 :: Business Strategies Mrs. Schroeder

Advertisements

Presented by, Stephen Mann, CPA/ABV. Accountants Report Balance Sheet Profit and Loss or Income Statement Statements of Cash Flows Notes to Financial.

© March Finance ≠ Accounting What accounting? The process of collecting financial data, organizing and analyzing it using ageed- upon accounting.

©2010 Prentice Hall Business Publishing, Auditing 13/e, Arens/Elder/Beasley Audit Reports Chapter 3.

BUS 2101 Decision Making Financial Information Financial Statement Analysis Financial Statements GAAP Income Statement Statement of Cash Flow Balance Sheet.

Learning Objectives LO1 Prepare reports for review and compilation of unaudited financial statements, given specific facts. LO2 Write a report on a review.

Special Reports and Accounting and Review Services.

McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved Chapter Fourteen: Financial Statement Analysis.

BUS 2101 Decision Making Financial Information Financial Statement Analysis Financial Statements GAAP Income Statement Statement of Cash Flow Balance Sheet.

1-1 FINANCIAL ACCOUNTING AN INTRODUCTION TO CONCEPTS, METHODS, AND USES 10th Edition Chapter 1 -- Introduction to Business and Overview of the Financial.

Auditors’ Reports. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved We have audited the accompanying balance sheet.

A Framework for Financial Statement Analysis Chapter 11.

Learning Objectives LO1 Describe the association framework. LO2 Determine whether a PA is associated with financial statements. LO3 Describe the three.

GENERAL TYPES OF AUDIT REPORTS

Financial Statement Analysis

The function of education is to teach one to think intensively and to think critically... Intelligence plus character – that is the goal of true education.

Annual Report Delta Airlines, Inc. Bradley Frost ACG2021 Section 080

Analyzing Year End Financial Reports to Evaluate the Business Objectives:  The student will describe five key factors of year end financial analysis 

Accounting and Financial Reporting Entrepreneurship & Small Business Management.

Finance OE Training November Outcomes - Students will: Be comfortable reading Financial Statements at a moderate level – P&L, Balance Sheet, Cash.

©2010 Prentice Hall Business Publishing, Auditing 13/e, Arens/Elder/Beasley Audit Reports Chapter 3 Instructor: Arshad Hasan.

Financial Statements Q&A. Name a type of Financial Statement?

Financial Statement Analysis Chapter 15 ©2014 Pearson Education, Inc. Publishing as Prentice Hall15-1.

Chapter 15 Financial Statement Analysis. Learning Objectives 1.Explain how financial statements are used to analyze a business 2.Perform a horizontal.

Agenda 14 December :30 Call to Order 9:35 Minutes 9:40 Treasurer’s Report 9:45 Old Business –Value Line 10:00 New Business 10:10 Education 10:30.

Lahore School of Economics BBA III Summer Term II-2010 History & Balance Sheet Analysis.

©2004 Prentice Hall Business Publishing Financial Accounting, 5/e Harrison/Horngren The Income Statement and the Statement of Stockholders’ Equity.

Financial Statement Analysis A Student Who’s Results are Better? Which Company is better? How do we Compare These ?

Overview of Financial Statement Analysis Chapter I.

Part Chapter © 2009 The McGraw-Hill Companies, Inc. All rights reserved. 1 McGraw-Hill Understanding Financial Information and Accounting 1 Chapter 12.

Unit 5. The purpose of Unit 5 is to define the four basic financial statements and discuss the information presented on each.

Chapter 1 – Part II Financial Statements. Balance sheet Economic resources and claims against those resources Assets – economic resources that are expected.

Chapter 2 Introduction to Financial Statement Analysis.

Accounting: Measuring how Efficiently and Effectively Resources are Creating Value and Profit © 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.

Chapter Thirteen Financial Statement Analysis McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.

BA 427 – Assurance and Attestation Services

© The McGraw-Hill Companies, Inc., 2005 McGraw-Hill/Irwin 14-1 FINANCIAL STATEMENT ANALYSIS Chapter 14.

Section 3The Balance Sheet What You’ll Learn  The purpose of a balance sheet.  How to prepare a balance sheet.  How to analyze information on financial.

Annual Report Jessica Howarth ACG Executive Summary Tiffany & Co. experienced a modest growth in sales and earnings during Tiffany & Co.

©2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Slide Auditors’ Reports. Slide Review of Audit Process 1. Obtain an understanding of internal control sufficient to plan the audit. 2. Determine.

Law 514 Corporations Instructor: Dwight Drake Copyright 2005 Dwight Drake. All Rights Reserved. Business Planning: Closely Held Enterprises www. drake-business-planning.com.

Elements of Financial Statements. Purpose of financial statements Reporting accounting information to external decision makers.

Auditors’ Reports Chapter 17. McGraw-Hill/Irwin © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved We have audited the accompanying balance.

1 Additional Aspects of Financial Reporting and Financial Analysis C hapter 5.

Financial Analysis Introduction Sipei Zhang October- December 2015 Moodle : Financial Analysis Subject: « FSA » 1.

©2008 Prentice Hall Business Publishing, Auditing 12/e, Arens/Beasley/Elder ©2008 Prentice Hall Business Publishing, Auditing 12/e, Arens/Beasley/Elder.

HFMA Certification Professional Practicum Financial Reporting Function.

Financial Statement Analysis Chapter 15 ©2014 Pearson Education, Inc. Publishing as Prentice Hall15-1.

The Financial Statements

1.01 Generally Accepted Accounting Principles – Financial Statements

Financial Statements How profitable is the company,?

Course Title: ACCT 4311: Auditing and Assurance Services Instructor: Dr Barbara L’Huillier Name: Yasmeen Al Jishi ID#: Chapter 2.

Analysis of Financial Statements

Financial Management

Financial Management

Financial Management

Financial Management

Financial Management

Financial Management

OMM 622 Enthusiastic Studysnaptutorial.com

1.01 Generally Accepted Accounting Principles – Financial Statements

Accounting Overview Financial Accounting Managerial Accounting

הכרת דוחות כספיים ניתוח דוחות כספיים והערכת שווי – מצגת 1

Lesson 13-2 Financial Statements and Analysis

Review of Audit Process

RVS Institute of Management Studies FINANCIAL REPORTING AND ANALYSIS

Financial Statement Analysis

Lesson 17-1 Trend Analysis and Component Percentages

Audit Reports Chapter 3.

Presentation transcript:

Building Business Acumen Series: Making Dollars and Sense of Financial Statements Presented by : The Dean Consulting Group Diane D. Dean Principal December 4, 2007

The Dean Consulting Group Outcomes At the end of todays session, you will: Be financially literate. Acquire a better understanding of key financial terminology. Reviewed the tools necessary to get a handle on your business finances. Be familiar with the functions of the basic financial statements: balance sheet, income and cash flow statements. Know how to speak the language of and analyze numbers.

The Dean Consulting Group Accounting methods

The Dean Consulting Group Components of the Annual Report Auditors Report Balance Sheet/Statement of Financial Position Income Statement/Statement of Activities Statement of Cash Flow Notes to the Financial Statements Managers Discussion and Analysis

The Dean Consulting Group Auditors Report Introductory Paragraph - denotes timeframe of the audit and who is responsible for the financial statements. This is where the auditor attempts to limit their responsibility for possible inaccuracies.

The Dean Consulting Group Auditors Report Scope Paragraph – Explains how auditors carried out the audit and they met the generally accepted audit standards (GAAS).

The Dean Consulting Group Auditors Report Opinion Paragraph – Where the auditors state their opinion about the financial statements. If there are no problems, they will state "In conformity with generally accepted accounting principles" (GAAP).

The Dean Consulting Group Balance Sheet

The Dean Consulting Group Income Statement

The Dean Consulting Group Statement of Cash Flow

The Dean Consulting Group Notes to the Financial Statements Very important notes listed on various pages after the financial statements. It includes: The accounting methods used Red flags about the companys finances Any legal entanglements that may threaten organization's future.

The Dean Consulting Group Managers Discussion and Analysis (MD&A) You find in this section key discussions about what went well and did not.

The Dean Consulting Group Managers Discussion and Analysis (MD&A) Three key areas: Company operations Capital resources Liquidity

The Dean Consulting Group Channeling Your Inner CSI: Analysis

The Dean Consulting Group Channeling Your Inner CSI: Analysis MD&A Financial Statements Working capital/fund balance (NFP) Current Ratio Gross Margin Trend Analysis

The Dean Consulting Group Q & A