If you're a business professinal who could benefit from a more thorough grasp of financial statements, this course is tailor-made for you! 

You'll quickly master financial statement fundamentals and develop a comprehensive understanding of how they work, learn how to interpret them accurately, and discover how to use their information to make more effective, better-informed business decisions that have a positive impact on your organization's bottom line.

Here's just a sample of what you'll learn:

	How to decipher general accounting terminology and gain a clear understanding of the language of finance and accounting
	Gain insights to vastly improve your working knowledge and interpretive ability for balance sheets, income statements, and cash flow statements
	How to use your enhanced knowledge of financial statements to develop better budgeting, projection, and forecasting skills
	Interpreting annual reports: how to translate their deluge of information into knowledge that can help you make informed decisions
	How to better communicate with accountants, bankers, comptrollers, and other finance professionals
	Using financial ratios to analyze trends, conduct industry comparisons, and predict financial problems before they become insurmountable

In this powerful one-day seminar, you'll take a guided tour through the complexities of the financial statement.  In clear, easy-to-understand language, we'll explain how to read financial statements, interpret their data, and put that information to positive use.

This course is designed to give business owners, managers, and other non-financial professionals an arsenal of tools for understanding, analyzing, and interpreting financial statements.  As a result of this course, you'll have a better understanding of not only financial statements, but of how their information fits into the "big picture" at your organization.  You'll be able to use the information gleaned from financial statements to plan ahead for your organization, ensure that cash flow is regulated, and make timely, educated decisions regarding new product lines, equipment purchases, business expansion, increasing personnel, borrowing capital, and much more.

Program overview:

First things first — basic accounting principles for non-financial professionals 

	How to use general accounting terminology (GAAP) like a pro
	Become familiar with the underlying assumptions accountants use when preparing financial statements: historical cost, revenue recognition, matching principles, product costs, period costs, full disclosure, conservatism, materiality, and accrual accounting
	What the FASB, SEC, and AICPA are and how they govern accounting methods
	Two primary groups who are users of financial information — who they are, what they need to know
	The difference between managerial accounting and financial accounting

	Discover what a balance sheet is, and what sets it apart from othe financial statements
	Decipher how accounts are classified within the balance sheet
	"Current," "fixed," and "other" assets — what they are, how to assess their value to the company
	Use comparative analysis to analyze an organiztion's financial picture over a specified period of time

	Identify the components of a classified income statement
	Understand why tax expense on the income statement is not always the same as taxes paid during the year
	Distinguish gains and losses categorized as "extraordinary" and how they are reflected on the income statement
	Cost of Goods Sold — learn what this means to an analysis of expenses
	Leatn how to determine gross profit, compare to net profit, and draw conclusions about a company's operating environment

	What financial statements can't tell you — review the limitations of financial analysis
	Using horizontal analysis to determine increases or decreases in income, profits, and expenses
	Using vertical analysis to compare individual income and expens amounts with net sales
	An introduction to ratio analysis
	Using ratios to determine profitability: proven formulas for net profit margin, net operating margin, return on assets, return on equity, earnings per share, and more.

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To find out more about How to Read and Understand Financial Statements , contact our customer service department at customerservice@pryor.com or by phone at (800) 780-8476.

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