Understanding Financial Reports: A Practical Workshop
Issues covered include: essential elements, practical examples, potential distress, insolvency, valuation issues
Description
It’s absolutely essential that you have a sound understanding of how to read financial reports. Using examples from small, medium and large organisations, this practical workshop will help you to quickly and accurately grasp and communicate the information found within a financial report. You’ll gain the confidence and knowledge to quickly and accurately assess an organisation’s financial position, parse complex valuation issues, and identify signs of distress or insolvency.
Attend and earn 3 CPD units in Professional Skills
This seminar was recorded in VIC on 13 September 2019
Practical Examples, Exercises and Case Studies
Engage in worked examples of financial reports including working through a series of hypothetical financial statements involving case studies, sample documents and more.
Master the Essential Elements of Financial Reports
- Fundamental accounting principles, standards, concepts and definitions
- Understanding the reliability and information value of financial reports
- The different types of financial reports: how they are prepared, who prepares them, who can rely on them
- What is included in a financial report and how to analyse and interpret the information
- The value of notes and making the best use of other information
- Worked examples of financial reports including balance sheets and key areas to watch out for
Explore how to Identify Signs of Potential Distress or Insolvency
- Analysis of reports to identify insolvency
- Ratios that may signify potential distress in the business
- What constitutes a good ratio and a bad ratio?
- Red flags to watch out for
- War stories
Become Proficient at Spotting Valuation Issues in Financial Reports
- Analyse the financial position and prospects of a business
- Discuss indicators of risk and uncertainty in specific financial statement amounts
- Gain an appreciation of the warning signs that a financial statement may be unreliable
- Discuss aspects of a financial statement that has been shown to be misstated
- Red flags
Presented by Kellie Badge, Partner and Ahmed Bise, Principal, Grant Thornton Australia
Venue
Novotel on Collins
270 Collins Street
Melbourne 3000
VIC
Australia