Self-Study
6
Intermediate
Accounting
Accounting Background

Course Description

Understanding how to read, interpret, and analyze financial statements is an essential skill for any financial professional. This course describes in clear, concise language the intricacies of financial statements and their use by investors, creditors, analysts, and other interested parties. In understanding these concepts, you will enhance your chance for success in business and investing by enabling you to profit from the knowledge, insights, and perceptions of professionals who use financial statement analysis tools and techniques on a day-to-day basis. Realistic examples and illustrations of financial statement analysis are widely used in this course to make the subject matter crystal clear.

  



Instructor

Delta Publishing

For many years, Delta Publishing has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.



Course Specifics

Accounting
Aug 30, 2018
Accounting Background
SS1173471
167
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • State the objectives of financial reporting.
  • Recognize the qualitative characteristics of accounting information.

Chapter 2

  • Recognize the basic assumptions of accounting.
  • Identify the basic principles of accounting.

Chapter 3

  • Recognize the basic financial statements: the balance sheet, income statement, and statement of cash flows.
  • Identify the key balance sheet items portraying a company's financial position.
  • Recognize the most important items on the statement of cash flows.
  • Identify the annual report components, including the financial statements, footnotes, review of operations, auditor's report, and supplementary schedules
  • Assess a company's cash inflows and cash outflows.

Chapter 4

  • Recognize the important aspects of financial statement analysis.
  • Compare horizontal analysis with vertical analysis.
  • Identify the basic components of ratio analysis.
  • Identify the limitations of ratio analysis.

Chapter 5

  • Recognize different liquidity ratios and how they can be used to compare companies.
  • Compute and interpret liquidity ratios used to analyze a company’s ability to pay debt.
  • Compute and interpret activity ratios.
  • Recognize how inventory and receivable factors will affect business analysis and comparisons.

Chapter 6

  • Identify different structure ratios used to analyze the capital structure of a company.
  • Recognize operating leverage and financial leverage.
  • Recognize how financing, debt, and interest affect company analysis and performance.

Chapter 7

  • Recognize and apply key ratios related to profitability.
  • Identify how to compute return on investment (ROI), and how to enhance ROI.
  • Recognize how return on assets can be used to assess management performance.

Chapter 8

  • Recognize a wide range of market test ratios used to measure market strength of a company.
  • Recognize how market test ratios evaluate a company’s financial performance.

Chapter 9

  • Recognize the key items on the statement of cash flows to analyze company performance.
  • Identify and apply the major ratios used to evaluate the cash flow of a company.

Chapter 10

  • Recognize the accounting associated with interim reporting.
  • Identify the disclosure requirements for major segments of a business.


Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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