Provide
a clear understanding
of the differences in
the structure and composition
of financial statements
for Subchapter C corporations,
Subchapter S corporations,
partnerships, limited
liability companies, and
sole proprietorships;
Explore
and understand the purpose
and intent of distributions
and withdrawals and the
manner in which they are
recorded in the financial
statements;
Identify
the amount of distributions
and withdrawals that exceed
the implied personal income
tax obligation and, therefore,
potentially impact reported
operating profit;
Understand
the importance of adjusting
for distributions and
withdrawals in calculating
and assessing key performance
ratios and indicators,
especially bottom line
profit;
Understand
the proper calculation
of key performance ratios,
especially to account
for the impact of distributions
and withdrawals on critical
profitability measures;
and
Examine
and appreciate the differences
in owner composition,
in owner income tax obligations
for company profit, and
in owner liability for
company debt obligations
across the range of business
organizations.
Course
Materials
Note on Business
Organizations and Understanding
the Numbers
Note on Key Ratios
and Risk Assessment
1998
Financial Statements for
Gemini Press, Inc.
1998
Financial Statements for
Gemini Press Partners
2001
Financial Statements for
Information Access, Inc.
Exercise
Set (downloaded from Shockproof!
Training website)
Online
Review Quizzes
Solution
Set (downloaded from Shockproof!
Training website)
Access
to the Shockproof!
Training Resource
Center
Inclusion
in the Shockproof!
Training Discussion
Forum
Online
Credit Skills Proficiency
Exam
Upon
Completion
Participants who successfully
complete the workshop will
be able to:
Identify
the differences in the
structure and composition
of financial statements
for Subchapter C corporations,
Subchapter S corporations,
partnerships, limited
liability companies, and
sole proprietorships;
Understand
and assess the purpose
and intent of distributions
and withdrawals and the
manner in which they are
recorded in the financial
statements;
Calculate
the amount of distributions
and withdrawals that exceed
the implied personal income
tax obligation and, therefore,
potentially impact reported
operating profit;
Adjust
for distributions and
withdrawals in calculating
and assessing key performance
ratios and indicators,
especially bottom line
profit;
Properly
calculate key performance
ratios, especially to
account for the impact
of distributions and withdrawals
on critical profitability
measures; and
Identify
the differences in the
form of owner composition,
in owner income tax obligations
for company profit, and
in owner liability for
company debt obligations
across the range of business
organizations.
How
to Order
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