Analyzing Financial Statements
Learn to read and link the three main financial statements, calculate and interpret key ratios and the Altman Z score, and write a credit summary for management.
Speaker
Ronald Sereika
Credit and collections manager · CooperVision, Inc. · Certified Credit Executive (CCE)
Overview
Analyzing financial statements means looking past a single ratio. If a company's current ratio is 2:1, what does that tell you, and should your credit decision rest on it? If grocery stores average 45:1 inventory turnover and yours is 9:1, is something wrong?
This 90-minute webinar shows how to work with the balance sheet, income statement and statement of cash flows, and the ratios built from them, to make sound credit decisions. You'll calculate activity, profitability, liquidity and debt ratios and the Altman Z score, review gross and net sales, cost of goods sold, gross margin and EBIT, and consider whether DSO is the best gauge of collection ability.
Why attend: Ratios alone don't tell the whole story, so you need to know how the statements fit together and where to look for answers. The session also shows how to write an account summary that presents your credit decision to management. It suits bankers, credit managers and analysts, FP&A staff, small business owners, general managers and attorneys.
What’s covered
- Financial analysis and reading the three main statements
- Gross and net sales
- Cost of goods sold
- Gross margin
- EBIT
- Activity, profitability, liquidity and debt ratios
- The Altman Z score
- DSO and collection ability
- The importance of cash
- Writing an account summary for management
Who should attend
What you get
About the speaker
Ronald Sereika is the manager of credit and collections at CooperVision, Inc. He has been an NACM instructor since 1998 as well as a speaker at the NACM Credit Congress, NACM Eastern Regional Conference and New York State NACM Annual Meeting for the past four years. He has attended the Graduate School of Finance at Dartmouth University and has earned the designations of CCE -Certified Credit Executive and CEW- Certified Expert Witness.
Mr. Sereika has been honored to win the following awards: NACM Instructor of the Year 2010, NACM CCE Award of Excellence 2013 and the Upstate New York Credit Executive of the Year in 2011. He has a BS in Accounting from Fredonia State University and has done numerous webinars and speaking engagements over the past five years.
More in Banking & Finance
See all 143 Banking & Finance webinars →
Dr. Sean Stein Smith · 60 min
NEW Nacha Rule - Third-Party Sender (TPS) Roles and Responsibilities
Donna K Olheiser · 90 min
Construction Lending And Real Credit Administration: Evaluating, Underwriting, And Monitoring Construction Loans
Dev Strischek · 60 min
Unauthorized Transactions – Reg E vs Nacha Operating Rules
Donna K Olheiser · 90 min