This course fills an important need for both financial managers and accountants in the practice of public accounting by offering the tools to help ensure the future success of a business. Practical guidance for the effective use of benchmarking and analytical procedure is also provided.
This course is designed for practitioners who have the responsibility of analyzing the financial condition and organizational health of closely held companies.
After attending this presentation you will be able to...
- Identify common profitability key factors
- Recognize common "management" financial statements
- Analyze common internal controls utilized by non-public businesses
The major topics that will be covered in this class include:
- How to use analytical procedures as a management tool to identify areas hindering the profitability of the entity
- Techniques for developing a "workable" business plan
- Recasting GAAP financial statements into powerful management tools
- Developing and using benchmarks
- Identifying profitability key factors
- The relationship of internal controls and the health of an entity plus common weaknesses in internal controls using the guidelines in the COSO Report on Internal Controls and common internal controls to address those weaknesses.