Provide
a clear understanding
of the likely differences
in the quality, reliability
and usefulness of financial
information associated
with company prepared,
compiled, reviewed and
audited statements;
Examine
and appreciate the different
analytical challenges
associated with company
prepared, compiled, reviewed
and audited statements;
Identify
the use of estimates in
financial statements and
understand the importance
of estimate accuracy in
providing a fair representation
of the company's financial
position;
Explore
the linkage between the
income statement and the
balance sheet;
Examine
the role footnotes play
in amplifying specific
accounts in the financial
statements, as well as
providing additional information
about debt service capabilities;
and
Appreciate
the uses and limitations
of interim statements
and the uses and limitations
of performance ratios
based on those statements.
Course
Materials
Note on Financial
Statement Preparation
and Risk Assessment
Note on Using Footnotes
in Assessing Risk
1998
Management Prepared Financial
Statements for Gemini
Press, Inc.
1998
Compiled Financial Statements
for Gemini Press, Inc.
1998
Reviewed Financial Statements
for Gemini Press, Inc.
2001
Financial Statements for
Information Access, Inc.
Exercise
Set (downloaded from Shockproof!
Training website)
Online
Review Quizzes
Solution
Set (downloaded from Shockproof!
Training website)
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Credit Skills Proficiency
Exam
Upon
Completion
Participants who successfully
complete the workshop will
be able to:
Identify
and assess the likely
differences in the quality,
reliability and usefulness
of financial information
associated with company
prepared, compiled, reviewed
and audited statements;
Identify
the different analytical
challenges associated
with company prepared,
compiled, reviewed and
audited statements;
Understand
and evaluate the use of
estimates in financial
statements and the importance
of estimate accuracy in
providing a fair representation
of the company's financial
position;
Identify
the linkage between the
income statement and the
balance sheet;
Appreciate
the role footnotes play
in amplifying specific
accounts in the financial
statements, as well as
providing additional information
about debt service capabilities;
and
Assess
the uses and limitations
of interim statements
and the uses and limitations
of performance ratios
based on those statements.
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to Order
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