Description

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 event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Presented by Walter J. Haig

Target Audience

This course is designed for practitioners who have the responsibility of analyzing the financial condition and organizational health of closely held companies.

Course Objectives

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

Subjects

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
• How to use analytical procedures to identify misstatements in financial information
• Techniques for developing a "workable" business plan
• Recasting GAAP financial statements into powerful management tools
• Developing and using benchmarks to identify profitability problems
• Identifying profitability key factors
• The relationship of internal controls and the health of an entity
• Common weaknesses in the internal controls of SMEs using the guidelines in the COSO Report on Internal Controls and common internal controls to address those weaknesses
• How to create "goal" statements that achieve results