Attend this proactive seminar and learn a “comprehensive approach” to financial statement and cash flow analysis. The workshop will be held on Thursday, Oct. 10 at the Glacier Canyon Conference Center in Wisconsin Dells.
8:30 a.m. Registration Desk Opens - Continental Breakfast Available
9:00 a.m. Workshop Begins - Lunch provided
4:00 p.m. Workshop Adjournment
The session will begin with analyzing the four financial statements: Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. This will include Revenue and Expense Recognition, FIFO, LIFO, and Average Inventory Costing Models, Operating Expenses (Repairs) versus Improvements, Depreciation including Straight-Line, Units-of-Production, and Double-Declining Balance, Amortization, and Depletion.
The workshop will also explore Accounts Receivable assessment, Allowance for Doubtful Accounts, Intangible Assets, Accounts Payable assessment, Capital and Operating Leases, and analysis of the Equity Section of the Balance Sheet including Partners’ Capital Accounts, Common and Preferred Stock, Treasury Stock, Stock Splits, and Retained Earnings.
Additionally, the types or levels of financial statements will be highlighted including Company-Prepared, Compiled, Reviewed, and Audit. The Audited Financial Statements will include “Unqualified, Qualified, Adverse, and Disclaimer.”
The participant will then be introduced to a “five-part” Financial Statement Analysis Model which will include the Liquidity, Activity, Leverage, Operating Performance, and Cash Flow.
The Cash Flow section will include the business “traditional” EBITDA cash flow and personal cash flow of the “business owner” (using the 1040 tax return, including tax schedules and K-1s, and the personal financial statement). Additionally, the Global Cash Flow or combined “business & personal” cash flow model will be displayed.
This will be followed by the Statement of Cash Flows (using the Direct and Indirect Methods), as prepared by the CPA, the UCA Cash Flow (using the Moody’s Lending Cloud software spreadsheet), Cash Basis Cash Flow, Fixed-Charge Coverage (FCC), Free Cash Flow (FCF), Commercial Real Estate Cash Flow, and Sensitivity analysis.
Additionally, the related topics of the Z-Score (bankruptcy predictor) and the Sustainable Growth models will be reviewed.
Two case studies will be used to illustrate the “five-part” analysis model and the “correct” interpretation of the financial statements.
- Analyze the four financial statements including Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows
- Explore Income Statement issues including Revenue Recognition, Inventory Costing, and Depreciation
- Cover Balance Sheet accounts including Accounts Receivable, Allowance for Doubtful Accounts, Accounts Payable, and the Equity Section
- Review the levels of financial statement reporting including Company-Prepared, Compiled, Reviewed, and Audit
- Analyze a “five-part” analysis model including Liquidity, Activity, Leverage, Operating Performance, and Cash Flow
- Analyze the EBITDA, personal (business owner), and Global Cash Flow analyses
- Explore the Statement of Cash Flows, the UCA Cash Flow, Cash Basis Cash Flow, Fixed-Charge Coverage, Free Cash Flow, Commercial Real Estate Cash Flow, and Sensitivity analysis
- Discuss the Z-score (bankruptcy predictor) and Sustainable Growths models
- Summarize the workshop concepts through Case Studies
Who Should Attend?
Commercial lenders, credit analysts, relationship managers, and credit administrators are encouraged to attend. This is not an entry-level program. Attendees should have attended WBA's two-day Credit Analysis Boot Camp or have working experience with all the financial statements referred to above.
Speaker: David L. Osburn, MBA, CCRA
David is the founder and managing member of David L. Osburn & Associates LLC, a Las Vegas-based business training and contract CFO firm that provides seminar/keynote speeches for various groups including bankers. His extensive professional background encompasses over 24 years in banking, finance, and marketing. His bank commercial lending credentials include comprehensive loan underwriting, management, customer development, and loan work-out experience.
In addition, David is an Adjunct Professor for Regis University, an accredited MBA program and the College of Southern Nevada, a community college. He has taught college courses for over 22 years, covering Finance, Accounting, Economics, Marketing, Banking, Business Law, and Management.
The registration fee of $245/attendee includes workshop materials, lunch and refreshment breaks.
Click Register for additional information and to register online.