Financial Statement Review & Trend Analysis — Part 1: Profit & Loss Statements

Overview

This class examines the profit and loss statement and balance sheet issues that clients are likely to face. It takes place over two sessions:

• Part 1: Profit and Loss Statements
• Part 2: Balance Sheets

This session analyzes the profit and loss statement trends including profitability issues, gross margin and productivity issues that clients face. It helps CPAs spot impending problems and what suggestions to give to clients to fix them before they become major crises. Attendees will use sample financial statements in the analysis process.

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Highlights

• The ideal client for financial analysis.
• How to present profit and loss statements financial data to a client so that it makes sense to him/her.
• What to look for on a profit and loss statement to ensure that it is probably accurate.
• Overall profit and loss trends — what the trends should look like, reasons that it might not be trending in a positive manner, and where you should point a client to reverse the trends.
• Gross margin trends — what the trends should look like, reasons that it might not be trending in a positive manner, and where you should point a client to reverse the trends.
• Productivity trends — definitions, what the trends should look like, reasons that it might not be trending in a positive manner, and where you should point a client to reverse the trends.
  

Prerequisites

None

Designed For

CPAs and other financial experts who prepare financial statements for their clients and want to help them analyze the statements.

Objectives

Preparation

None

Notice