Financial Statement Analysis 1
About the Program
Financial Statement Analysis (FSA1) is a method of interpreting accounting data in an effort to understand the current financial performance of an entity and project its future health. FSA1 keeps the evaluation process simple, but requires a working knowledge of basic accounting principles. The emphasis of the course is on analyzing financial statements issued by companies using fundamental ratio analysis techniques and analysis of the statement of cash flows. These evaluations can be used to determine the operating efficiency, profitability and financial risk of a firm.
Program PrerequisitesIt is recommended that participants have successfully completed a basic financial accounting course before enrolling in the Financial Statement Analysis 1 course. It is strongly encouraged but not required. General InformationThe Certificate Sessions are conducted Find out how you can complete an NACM |
Program Instructor
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Toni Drake, CCE is the President of TRM Financial Services, Inc., a company specializing in consulting and outsourcing services in the area of business credit and collections. Ms. Drake launched The Connection Center in 2005, which focuses on training and education in credit and collections, including financial statement analysis, as well as in the areas of professional development. Ms. Drake has been a member of NACM since 1984, and began teaching CAP classes and various educational sessions in 1997. Ms. Drake served as the NACM National Chair of the Board in 2013. She is an alumni of the NACM Graduate School of Credit and Financial Management at Dartmouth College. She was awarded the Credit Executive of the Year Award by NACM-Southwest and was awarded the CCE Designation of Excellence Award by NACM National in 2008.Program Schedule
Day One
Day One – Monday
8:00 – 8:30am
Continental Breakfast
8:30am – 5:00pm
Chapter 1 - Financial Overview
Financial Accounting Standards Board
Generally Accepted Accounting Procedures
Components of the Financial Statement
Quality of Financial Reporting
Noon – 1:00pm
Lunch
1:00pm – 5:00pm
Chapter 2 - Balance Sheet
Accounting Equation
In-depth Review of Balance Sheet Accounts
Stockholders’ Equity Accounting
Quality of Financial Reporting
5:30pm
Dinner at a Local Restaurant
All dinners are held at local restaurants near the hotel. A variety of dinner choices is always available. Transportation is provided.
Day Two
Day Two – Tuesday
8:00 – 8:30am
Continental Breakfast
8:30am – Noon
Chapter 3 - Income Statement
In-depth Review of Income Statement Accounts
Statement of Stockholders’ Equity
Earnings Quality
Noon – 1:00pm
Lunch
1:00 – 5:00pm
Chapter 3 - Income Statement - continued
In-depth Review of Income Statement Accounts
Statement of Stockholders’ Equity
Earnings Quality
Comprehensive Review - Chapters 1, 2, 3
5:30pm
Dinner at a Local Restaurant
Day Three
Day Three – Wednesday
8:00 – 8:30am
Continental Breakfast
8:30 – 10:00am
Comprehensive Exam - Chapters 1, 2, 3
10:30am – Noon
Chapter 4 - Statement of Cash Flows
Preparing a Statement of Cash Flows/Indirect Method
Cash Flow-Operating Activity
Cash Flow-Investing Activity
Cash Flow-Financing Activity
Analysis Using Statement of Cash Flows
Noon –1:00pm
Lunch
1:00 – 5:00pm
Chapter 4 - Statement of Cash Flows - continued
Preparing a Statement of Cash Flows/Indirect Method
Cash Flow-Operating Activity
Cash Flow-Investing Activity
Cash Flow-Financing Activity
Analysis Using Statement of Cash Flows
Analyzing the data
5:30pm
Dinner at a Local Restaurant
Day Four
Day Four – Thursday
8:00 – 8:30am
Continental Breakfast
8:30 – Noon
Chapter 5 - Guide to Earnings and Financial Reporting
The Analysis of the Financial Statements
Objectives of Analysis
Common Size information
Key Financial Ratios
Noon - 1:00pm
Lunch
1:00 – 5:00pm
Chapter 5 - Guide to Earnings and Financial Reporting
The Analysis of the Financial Statements
Objectives of Analysis
Common Size information
Key Financial Ratios
5:00 – 8:00pm
Review Session and In-house Pizza Dinner
Day Five
Day Five – Friday
8:00 – 8:30am
Continental Breakfast
8:30 – 10:00am
Comprehensive Review - Chapters 4 and 5
10:00am – 1:00pm
Comprehensive Exam - Chapters 4 and 5
In order to give you sufficient time to take the final exam, we strongly recommend that your return flight not be scheduled to depart before 2:00pm on the final day of the program. Please do not plan on leaving the national office for the airport before 1:00 pm.
There will be a reasonable amount of homework at the end of each day’s session. Chapter questions, cases studies and financial statements will be distributed to students when applicable during the course.
*Schedule is subject to change.
