Smart Manager's Guide to Reading, Understanding, and Interpreting Financial Statements

William R. Kay

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Learn how to make sense of complex financial reports and discover what they really mean. Discover how to read, understand, and interpret the key financial statements in business. We will go through each of the required financial statements; the Balance Sheet, Income Statement, Statement of Retained Earnings and the Cash-Flow Statement to learn exactly what the number mean and how they work together. We will examine the critical ratios and other essential financial measurements and precisely interpret what the numbers mean!

Course Objective

  • Master financial statement fundamentals and develop a comprehensive understanding of how they work
  • Accurately read and interpret balance sheets, income statements and cash flow statements
  • Make more effective, better-informed business decisions that have a positive impact on your company’s bottom line
  • Decipher general accounting terminology and gain a clear understanding of the language of finance and accounting
  • Use your enhanced understanding of financial statements to develop better budgeting, projection and forecasting skills
  • Communicate better with Accountants, Bankers, Comptrollers and other Financial Professionals

Course Outline

The four primary financial statements and how they link together

  • The Income Statement
  • The Statement of Retained Earnings
  • The Cash Flow Statement
  • The Balance Sheet

Use the DuPont Formula to analysis the health of the company

  • Profit Margin (Return of Sales)
  • Asset Turnover
  • Return on Assets
  • Financial Leverage
  • Return on Equity

Ratio Analysis and the Financial Profit Model
Cost Analysis and Profit Planning to Improve Profitability

Target Audience

  • Board Members    
  • Directors   
  • Internal Auditors
  • Compliance Professionals
  • Operational Professionals
  • Finance Professionals 
  • Supervisors
Webinar Events
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Training CD-DVD

Physical CD-DVD of recorded session will be despatched after 72 hrs on completion of payment

Recorded video

Recorded video session

Speaker: William R. Kay,

William R. Kay, MBA is dedicated to helping organizations and individuals enhance their competitiveness, productivity, and technological performance. Mr. Kay specializes in assisting businesses in the quest to improve performance in the areas of strategic planning and finance and accounting. Mr. Kay’s professional experience includes over 30 years’ experience as CEO, CFO, and owner of a major company. For the past 25 years he has been helping major Fortune 500 companies with organizational development and training. Mr. Kay is an adjunct Professor of Corporate Finance and teaches at the University of Missouri in their Executive MBA Program.

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