Business Financial Information Secrets

Exam Questions: 50
Course Level: Basic
Pages: 258 | Content: 244, Supplemental: 14
NASBA Area of Study: Management Services
Not Acceptable for: Enrolled Agents
Version: 8040A

This basic course will show you how to produce, understand, and utilize financial information to the greatest effect for both your business and the economy. It guides you through the process of proper accounting and reporting, regardless of your organization's size or structure. It will cover P & L Statements, Balance Sheets, Cash Flow Statements, as well as externally produced reports, additional internal financial information, and ways to ensure that reports are 100% accurate. This course will serve as a guide to providing reliable financial information to shareholders, investors, lenders, analysts, and government agencies. PLEASE NOTE: Not accepted for Enrolled Agents. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • The Big Three Financial Statements
  • Externally Prepared Financial Statements and Reports
  • Internally Generated Financial Information
  • The Importance of Completeness
  • Accuracy versus Reliability, Not to Be Confused
  • Reliability and Timeliness, the Best of Friends
  • Business Cycles and Financial Connections
  • Basic Financial Ratio Analysis and Terminology
  • Advanced Financial Ratio Analysis and Terminology
  • Projections and Forecasts - Living, Rolling, and Breathing
  • Flash Reports and Key Performance Indicators
  • Wall Street's Latest Trick - Financial Engineering
  • Capitalizing a Business
  • Net Profits and Cash Flow - Real or Imaginary
  • Business Valuations - Why and How?
  • Business Acquisition - The Basics
  • Deciphering the Cap Table
  • To identify the big three financial statements
  • To recall the characteristics of the various externally prepared financial statements
  • To recall the characteristics of both internal and external financial reporting
  • To recognize what the acronym CART stands for
  • To identify the set of rules that encompass the details, complexities, and legalities of business and corporate accounting
  • To recall the various types of financial information and the frequency with which it is generated
  • To recognize examples of operating expenses
  • To identify the various benchmark financial ratios
  • To identify the characteristics of various advanced benchmark financial ratios
  • To recall the differences between top-down and bottom-up forecasting models
  • To recognize the uses and characteristics of flash reports
  • To recall the definition of, and potential uses for, financial engineering
  • To recall the pros and cons of debt and equity forms of capital
  • To identify examples of various types of expenses
  • To recognize the characteristics of various valuation methods
  • To recall the characteristics of asset and equity deals
  • To recall examples of negative control provisions

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.