Understanding Financial Reports: The Complete Masterclass
Issues covered include: practical examples, case studies, essential elements, signs of potential distress or insolvency, valuation issues
Description
Irrelevant of what area of law you practice in, it’s absolutely essential that you have a sound understanding of financial reports and the red flags within them. In this practical workshop, you will acquire the skills to quickly and accurately assess an organisation’s financial position, identify signs of distress or insolvency and the red flags that show a statement may be incorrect or unreliable.
Attend and earn 3 CPD units in Professional Skills
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
- Understand 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 Joseph Box, Partner, Financial Advisory, National Head of Forensic Consulting and Cameron Crichton, Insolvency Partner, Grant Thornton Australia
Joseph Box is a Chartered Accountant with over 20 years' experience and specialises in acting as an expert witness in matrimonial and family law proceedings. Joseph regularly undertakes valuations of businesses, superannuation and complex corporate structures, financial investigations, and taxation advice for matters in the Family Court of Australia and the Federal Circuit Court.
Cameron Crichton has in excess of 19 years experience within the Financial Advisory division both in Australia and the United Kingdom. Throughout his time Cameron has developed a thorough understanding of business operations and practical knowledge of commercial law. In the Recovery and Reorganisation team, Cameron is experienced in managing businesses across a broad range of industries.
Venue
Mercure Brisbane
Level 2, 85-87 North Quay
Brisbane 4000
QLD
Australia
Parking Information
Parking is not included in you registration. Here are some options below. Secure Parking at Mercure Hotel offers a discounted daily rate from $36 by validating tickets at Mercure Reception prior to departure. Click here to view rates .
Directions
Nearby Public Transport:Train Stations - Roma Street StationBus Interchange - George Square Bus Station