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Interpreting Financial Statements: Analysis and Control |
| Course Status: | Released |
| Course Language: | English |
| Course Duration: | 4 Hours |
| Deployment Options: | Online, Interactive CDs, Network, Downloads, Intranet |
| Audience |
| Managers, prospective managers, and any other employees seeking competency in the area of accounting |
| Prerequisites |
| A basic understanding of the accounting function |
| Course Aim |
| To provide students with an overview of the methods companies use to analyze their operating activities |
| Learning Objectives |
| Explain horizontal and vertical analysis. Explain ratio analysis. Discuss the role of evaluation in the expenditure and revenue cycles. Explain why businesses need to evaluate their cash positions. Explain the importance of comparing business results to budget plans. Perform variance analysis. Outline alternative ways of analyzing performance. Perform horizontal and vertical analysis on financial statements. |
| Topics Covered |
| Types of Analysis - Financial statements and analysis - Horizontal analysis - Vertical analysis - Ratio analysis - Hands-on: Using horizontal and vertical analysis Analyzing Expenditure and Revenue Cycles - Evaluation and the expenditure cycle - Evaluation and the revenue cycle - Evaluating cash position Efficiency Measures - Defining efficiency - Comparing results with expectations - Hands-on: Calculating flexible budgets and variances Analysis Overview - Variance analysis - Overhead variance - Variance investigation - Hands-on: Calculating variances - Other ways of evaluating performance |