This webinar will demonstrate a comprehensive approach to financial statement analysis. The session will begin with analyzing the four financial statements - income statement, statement of retained earnings, balance sheet and statement of cash flows. This will include revenue and expense recognition, FIFO, LIFO and average inventory costing models, operating expenses (repairs) versus improvements, depreciation including straight-line, units-of-production and double-declining balance, amortization and depletion.
The webinar will explore accounts receivable assessment, allowance for doubtful accounts, intangible assets, accounts payable assessment, capital and operating leases and analysis of the equity section of the balance sheet including partners' capital accounts, common and preferred stock, treasury stock, stock splits and retained earnings.
Additionally, the types or levels of financial statements will be highlighted including company-prepared, compiled, reviewed and audited. The audited financial statements will include unqualified, qualified, adverse and disclaimer.
The participant will then be introduced to a “five-part” Financial Statement Analysis Model which will include the Liquidity, Activity, Leverage, Operating Performance and Cash Flow.
Additionally, the related topics of the Z-Score (bankruptcy predictor) and the Sustainable Growth models will be reviewed. Two case studies will be used to illustrate the “five-part” analysis model and the “correct” interpretation of the financial statements.
David L. Osburn is the founder of Osburn & Associates, LLC, a business training and contract CFO firm that provides webinars, webinars, and keynote speeches for CPAs, bankers, attorneys, credit managers and business owners on topics such as banking/finance/credit, negotiation skills, marketing and management issues.
Mr. Osburn’s contract CFO clients include medical practitioners, financial institutions, law firms, CPA firms, architects, real estate developers, and contractors. His extensive professional background of over 30 years includes 16 years as a business trainer/contract CFO and 16 years as a bank commercial lender including the position of vice president/senior banking officer. His banking credentials include loan underwriting, loan work-out, management and business development.
He has been an adjunct college professor (MBA and undergraduate courses) for over 30 years, teaching at Regis University and the College of Southern Nevada. He holds an MBA from Utah State University, a BS in Finance from Brigham Young University, and is a graduate of the ABA National Commercial Lending School at the University of Oklahoma. Additionally, Mr. Osburn holds the professional designation of Certified Credit & Risk Analyst (CCRA) as granted by the National Association of Credit Management (NACM).