How to analyze Financial statements & Accounting for Management? 2023 | Tax and Accounting Center, Inc. | 20 June 2023 | Webinar

Figures in the audited financial statements communicates something to the entrepreneur and if could get the message, then it will work for its advantage. Example, having a higher inventory on the financial statements may mean an advantage or a disadvantage depending upon the circumtances of the business. Advantage in the sense that it has more assets, more supplies available to customers in the early stage of the next period if reasonable in voluume. Disadvantage on the other hand if such inventory taken along with average inventory turnover, would result into a very slow turnover which means that working capital is sleeping over the period of time the inventory remains unsold, if perishable, it might deteriorate before being sold, or it may require a more spacious warehouse, etc. Learn a lot more analysis of financial statements in this seminar and other accounting applications for management.

Learning points:
• Learn the SEC and BIR requirements on audited financial statements;
• Know the basic components of financial statements;
• Learn the information contained in the financial statement;
• Analyze financial statement based on profitability
• Analyze financial statement based on capacity to pay immediate and long-term obligation;
• Analyze financial statement based on how is it financed;
• Learn how the figures would be used for management decisions;
• Develop confidence in analyzing your own audited financial statements;
• Learn how to make projections on net profit based on volume of sales.