PC Financial Statement Analysis and Accounting

Description

Learn techniques we teach around the world...

Oriented around interpreting financial results of companies to gain a solid understanding of financial statements, the goal is to demystify financial disclosures and use practical tools to efficiently unpack the numbers. This turn-key perspective combined with TTS’s teaching expertise, provides the optimal blend of accounting instruction needed to prepare participants for success—not just as accountants but as well-rounded financial professionals.

These course weave together classroom lecture, in-class exercises, and critical thinking skills providing the real world, practical applications of the standards and methods that a professional needs.

Led by our experienced instruction team of former practitioners, you get a unique blend of industry insight combined with a passion for teaching. The average TTS instructor has been part of the team for 8.5 years.

What’s Included

Instructor-led classroom training
Ongoing instructor support
One-year online access to course materials and related self-study courses for additional reference and review:

• Full Accounting Video Library

Schedule

9:00 am to 5:00 pm each day with an hour lunch around noon and shorter breaks throughout the day.

Prerequisites

Days 2&3 assume a basic knowledge of financial accounting. Interpreting Financial Statements (Day 1) will fulfill this requirement.

What you will learn

Day 1 - Interpreting Financial Statements

Fundamental Concepts:

• Generally accepted accounting principles
• Matching principle
• Historical cost vs. fair value
• A= L+ E
• Three-statement relationships
• Footnotes

Balance Sheet:

• Assets and liabilities (detailed discussion of flow and terms)
• Debt features and terms
• Introduction of related period expenses (depreciation, amortization, interest expense, etc.)
• Equity (detailed discussion of flow and terms)

Income Statement:

• Income statement (detailed discussion of flow and terms)
• EBIT
• Relationships with the balance sheet

Supporting Information:

• Footnotes and management’s discussion

Evening Assignment:

• Optional exercises to reinforce learning objectives: self-paced

Day 2 - Advanced Accounting

Advanced Income Statement:

• Revenue recognition
• Unusual items
• Interest expense and capitalized interest
• Discontinued Operations
• Restructuring Charges
• EPS including primers on options and convertible securities

Cash Flow Statement:

• Mechanics and flow
• Detailed construction
• EBITDA

Other Topics:

• Sources of public information
• Ratio analysis and case study
• Normalizing results – an introduction

Evening Assignment:

• Ratio analysis: optional, self-paced

Day 3 - Accounting Complexities

Leases (finance vs. operating):

• Finance and operating leases
• Balance sheet and income statement presentation
• Impacts of lease classification on EBIT, EBITDA and EBITDAR

M&A Accounting:

• Purchase accounting
• Calculating goodwill and gains on bargain purchases
• Goodwill impairment

Intercorporate Investments:

• Consolidations and levels of ownership
• Equity method investments
• Noncontrolling interests

Income Taxes:

• Permanent differences and effective tax rates
• Temporary differences and deferred tax asset and liabilities
• Discussion of timely issues such as tax law changes (time permitting)

Share-based Compensation:

• Options and restricted shares
• Amortization of share-based compensation expense