Analyzing Financial Statements

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Ronald Sereika

Speaker: Ronald Sereika

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Banking and Finance Webinar Image
Date
01 January, 1 (Monday)
Time
01:00 PM EST| 10:00 AM PST
Duration
90 Minutes

Overview

Analyzing financial statements means looking past a single ratio. If a company's current ratio is 2:1, what does that tell you, and should your credit decision rest on it? If grocery stores average 45:1 inventory turnover and yours is 9:1, is something wrong?

This 90-minute webinar shows how to work with the balance sheet, income statement and statement of cash flows, and the ratios built from them, to make sound credit decisions. You'll calculate activity, profitability, liquidity and debt ratios and the Altman Z score, review gross and net sales, cost of goods sold, gross margin and EBIT, and consider whether DSO is the best gauge of collection ability.

Area Covered

  • Financial analysis and reading the three main statements
  • Gross and net sales
  • Cost of goods sold
  • Gross margin
  • EBIT
  • Activity, profitability, liquidity and debt ratios
  • The Altman Z score
  • DSO and collection ability
  • The importance of cash
  • Writing an account summary for management

Why Should You Attend

Ratios alone don't tell the whole story, so you need to know how the statements fit together and where to look for answers. The session also shows how to write an account summary that presents your credit decision to management.

It suits bankers, credit managers and analysts, FP&A staff, small business owners, general managers and attorneys.

Who Will Benefit?

  • Bankers.
  • Credit managers.
  • Credit Analysts.
  • People working in FP&A.
  • Small business owners.
  • General Managers.
  • Attorneys.

Speaker

Ronald Sereika is the manager of credit and collections at CooperVision, Inc. He has been an NACM instructor since 1998 as well as a speaker at the NACM Credit Congress, NACM Eastern Regional Conference and New York State NACM Annual Meeting for the past four years. He has attended the Graduate School of Finance at Dartmouth University and has earned the designations of CCE -Certified Credit Executive and CEW- Certified Expert Witness.

Mr. Sereika has been honored to win the following awards: NACM Instructor of the Year 2010, NACM CCE Award of Excellence 2013 and the Upstate New York Credit Executive of the Year in 2011. He has a BS in Accounting from Fredonia State University and has done numerous webinars and speaking engagements over the past five years.

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