Interpreting financial results, the cornerstone of company analysis
Financial Statement Analysis and Accounting
Instructor-led courses, learn in-person or virtually
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Oriented around interpreting financial results of companies to gain a solid understanding of financial statements, the goal is to demystify financial disclosures and use practical tools to efficiently unpack the numbers. This turn-key perspective combined with TTS’s teaching expertise, provides the optimal blend of accounting instruction needed to prepare participants for success—not just as accountants but as well-rounded financial professionals.
These course weave together classroom lecture, in-class exercises, and critical thinking skills providing the real world, practical applications of the standards and methods that a professional needs.
Led by our experienced instruction team of former practitioners, you get a unique blend of industry insight combined with a passion for teaching. The average TTS instructor has been part of the team for 8.5 years.
What you will learn:
Interpreting Financial Statements
Advanced Accounting
Accounting Complexities
Agenda
Interpreting Financial Statements
Fundamental Concepts:
- Generally accepted accounting principles
- Matching principle
- Historical cost vs. fair value
- A= L+ E
- Three-statement relationships
- Footnotes
Balance Sheet:
- Assets and liabilities (detailed discussion of flow and terms)
- Debt features and terms
- Introduction of related period expenses (depreciation, amortization, interest expense, etc.)
- Equity (detailed discussion of flow and terms)
Income Statement:
- Income statement (detailed discussion of flow and terms)
- EBIT
- Relationships with the balance sheet
Supporting Information:
- Footnotes and management’s discussion
Evening Assignment:
- Optional exercises to reinforce learning objectives: self-paced
Advanced Accounting
Advanced Income Statement:
- Revenue recognition
- Unusual items
- Interest expense and capitalized interest
- Discontinued Operations
- Restructuring Charges
- EPS including primers on options and convertible securities
Cash Flow Statement:
- Mechanics and flow
- Detailed construction
- EBITDA
Other Topics:
- Sources of public information
- Ratio analysis and case study
- Normalizing results – an introduction
Evening Assignment:
- Ratio analysis: optional, self-paced
Accounting Complexities
Leases (finance vs. operating):
- Finance and operating leases
- Balance sheet and income statement presentation
- Impacts of lease classification on EBIT, EBITDA and EBITDAR
M&A Accounting:
- Purchase accounting
- Calculating goodwill and gains on bargain purchases
- Goodwill impairment
Intercorporate Investments:
- Consolidations and levels of ownership
- Equity method investments
- Noncontrolling interests
Income Taxes:
- Permanent differences and effective tax rates
- Temporary differences and deferred tax asset and liabilities
- Discussion of timely issues such as tax law changes (time permitting)
Share-based Compensation:
- Options and restricted shares
- Amortization of share-based compensation expense
Financial Statement Analysis
Accounting Fundamentals:
- The structure of financial statements
- The income statement
- Balance sheet
- Cash flow statement
- Key links between the financial statements
- How business transactions are reflected in the financial statements
Income Statement:
- Sales recognition
- Fixed and variable costs
- Accrual accounting and link between earnings and cash flow
- Expenses or assets – key concepts explained
- Adjusting cost of goods sold and selling, general and administrative expenses for depreciation and amortization
- Adjusting earnings for non-recurring items to produce normalized earnings estimates
- EBITDA, EBIT, net income and EPS
- Margin calculations
Working Capital:
- Inventories, receivables, payables, prepaid items and accruals
- Definition of working capital and operating working capital
- Operating working capital and the cash cycle
- Working capital ratios and day calculations
Financial Statement Analysis Continued
Non-Current Assets
- Difference between tangible and intangible assets
- Difference between identifiable intangibles and goodwill
- Finite life vs. indefinite life intangibles
- Capital expenditure and asset sales
- Depreciation, amortization and impairments
- Impairment testing
- Finding information in the financials
- Account analysis – inflows and outflows (B-A-S-E)
- Asset efficiency ratios
Debt and Equity
- Debt disclosure in published financial data
- Bank debt and bond issues
- Net debt
- The difference between authorized, issued, and outstanding shares
- Common Stock and Additional Paid-in Capital accounts
- Share issues and repurchases
- Dividends and interest payments
- Coverage and leverage ratios
Cash Flow Statements
- The components of the cash flow statement
- Why the cash flow statement is a reconciliation of two balance sheets
- How to divide a company’s balance sheet into operating, investing and financing activities
- Calculate a cash flow statement from two balance sheets and an income statement
- Asset sales and impairments / restructuring
- EBITDA as proxy of operating cash flow and potential pitfalls
Unlock Your Career Potential
Training The Street has been teaching the biggest finance firms for over 20 years. To help unlock your career potential, we offer certificates to provide the recognition you deserve.
After you finish your course, you will receive a certificate which can be easily added to your LinkedIn profile.
How Do You Like To Learn?
Flexible Learning Options
Our courses are available in both in-person or virtual classroom formats. If you learn better in your own space or traveling isn’t convenient, virtual is great solution. Either way, you get the skills and support you need to succeed.
Course Details
What’s Included
Instructor-led classroom training
Ongoing instructor support
One-year online access to course materials and related self-study courses for additional reference and review:
• Full Accounting Video Library
Schedule
9:00 am to 5:00 pm each day with an hour lunch around noon and shorter breaks throughout the day.
Prerequisites
Days 2&3 assume a basic knowledge of financial accounting. Interpreting Financial Statements (Day 1) will fulfill this requirement.
What Does A Day Look Like?
Whether you join us in-person or virtually, TTS’s accounting seminars are presented with a creative delivery and flow that allows beginners to maintain their measured pace while keeping the advanced participants actively engaged.
Who Is This Course For?
- Financial services professionals (investment banking, consulting, research, asset management, private equity, brokerage, sales & trading, insurance, etc.)
- Corporate/strategic development or finance team members
- Individuals responsible for product or divisional budgets, projections and profit/loss statements
- Those looking to enhance a past learning in financial statement analysis
– Group rates available
– Discounts offered to existing clients
Standard registration inside 30 days:
$1,250 per day
Cancellation Policy
Cancellations up to 14 days before the workshop will receive a full refund. Cancellations within 14 days of a course will not be refunded. TTS reserves the right, at its sole discretion, to cancel a course. If TTS cancels a course, payments are refunded in full.
Questions? Please contact info@trainingthestreet.com for more information.
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