Understanding Financial Statements 

ANALYZING FINANCIAL POSITION AND PERFORMANCE

February 29, 2024

Introduction

Financial statements tell the story of a business. The abundance of data contained in the financial statements urges the board and management of business organizations to rely upon them in coming up with sound decisions and in plotting the future of the business.

More importantly, investors, creditors, suppliers, and analysts depend on financial statement data in assessing the financial health of a business. Hence, it becomes imperative for both the preparers and users of financial statements to clearly figure out the structure and contents of the financial statements.

This seminar provides the participants with comprehensive knowledge of the various elements that comprise financial statements, including their nature, classification, measurement, and presentation. It covers the accounting information system that the business must put in place to ensure that financial statements are fairly presented and generated on time.

Discussions will include the interrelationship of accounts and the links among the different financial statements. The seminar concludes by analyzing the contents of the financial statements to make them more meaningful to users.
 

Learning Objectives

At the end of the seminar, the participants will be able to:

• Explain the attributes and processes that comprise an accounting information system and their interrelationship;
   
• Describe the regulatory regime, standards, and frameworks that serve as guides in financial accounting and preparation of financial statements;
   
• Illustrate the structure and contents of the statement of financial position, statement of comprehensive income, and statement of cash flows and discuss their relationship
   
• Demonstrate the contents and importance of the notes to financial statements;
   
• Analyze the financial health of a business organization based on the financial statements.

 

Outline of Topics

1.   Key Business Activities.
This explains how the business undertakes the financing, investing, and operating activities and the role of the managers on these activities.

2.   The Financial Reporting Environment. 
This covers the current developments pertaining to the preparation of the financial statements as required by regulatory bodies.

3.   The Structure and Contents of the Financial Statements.
This covers the classification of accounts as shown in the financial statements and the contents of the balance sheet, income statement, and statement of cash flows.

4.   Financial Analytical Tools and Techniques

• Liquidity
• Asset management or activity
• Leverage
• Profitability
• Marketability

5.   Integrated Tools in Analyzing Business Performance

• Du Pont Method of Financial Analysis
• Financial Leverage

 

Target Participants

Business owners and executives; managers, officers, and staff performing the following functions: finance, accounting, marketing, operations, human resources, credit analysis and evaluation, purchasing, planning, supply chain, and investment management.
 

Featured Speaker:
DR. RUFO MENDOZA
Former Vice-Chair
Professional Regulatory Board of Accountancy

• Dr. Rufo R. Mendoza was a member of the Professional
  Regulatory Board of Accountancy for seven years, where he was the Vice-Chair for three and a half years. He was also the Chair of the PRC’s Continuing Professional Development Council for Accountancy for five years. In his tenure in the BOA, he represented the country in the ASEAN Meetings of Professional Regulatory Authorities for the Mutual Recognition Arrangement on Accountancy Services. He was also the country's delegate to the APEC Senior Officials Meeting in Accounting Services. He was PICPA’s national awardee as Outstanding CPA in Professional Development in 2008 and Outstanding CPA in Government Service in 2010.
• He has more than 20 years of experience in external audit and internal audit of private businesses. He has 15 years of extensive experience in consulting with international development organizations in the area of public financial management that covers the internal control system, risk management, and internal audit. He was Consultant at World Bank, UNDP, European Commission, Australian Agency for International Development, and United States Agency for International Development.
• He has a master’s degree in development management and a Ph.D. in community development and agribusiness management both from the University of the Philippines Los Baños, where he was awarded membership in three international honor societies.
• He taught in the graduate school of leading universities in the Philippines, including the Asian Institute of Management, Ateneo de Manila University's School of Government, UP Open University, University of Philippine Los Baños, and De La Salle Lipa.
• Currently, he is a National Capacity Development Expert at the Asian Development Bank.
•  

  REGISTRATION PER PAX   Understanding Financial Statements  ANALYZING FINANCIAL POSITION AND PERFORMANCE February 29, 2024 2:00pm - 5:00pm *LIVE VIA ZOOM*   REGISTRATION LINK: https://form.jotform.com/233372089066460   ONLINE PER PAX Regular Rate Php 1,699.00 + VAT starting FEB 23, 2024 Early Bird Rate Php 1,399.00 + VAT until    FEB 22, 2024 Group Rate Php 1,299.00 + VAT per pax for 5 – 14 pax   Super Group Rate Php 1,099.00 + VAT per pax for 15 or more pax BIRTHDAY MONTH PROMO - ONE (1) FREE SEAT Register within Your Birthday Month with at least 2 paid pax @Php1,699.00+ VAT per pax Must Present proof of date birth JOIN NOW PAY LATER PROMO - After 30 Days from the date of the Masterclass @Php1,899.00 + VAT per pax   Inclusive of the Webinar Session, Presentation Materials and the Digital Certificate   ATTENTION TO MS. JHIE   For More Details, Inquiry or Reservation Please Call Us On: Ms. Jhie  Marketing Officer Tele Fax: 8470-1057  or Call/Text: 0906-4798186   Visit my FB PAGE @jhie.training