transcript   Transcript

Income Statement Analysis and Application

Recorded on: Apr. 10, 2018
Running Time: 01:02:24

Full Transcript:

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Taken from the Web Program How to Read Financial Statements 2018 Recorded April 2018 in New York

Income Statement Analysis and Application [01:02:24]

  • Revenue and revenue recognition 
  • Cost of goods/services
  • Selling, general and administrative expenses
  • EBIT and EBITDA: Pros, cons, strengths and weaknesses 
  • Depreciation
  • Interest Expense
  • Taxes
  • Net Income
  • Income statement ratio analysis
  • Assess and measure profitability
  • Learn how the balance sheet ties into the income statement

Speakers: Chad Rucker, Kirsten Schofield, George M. Wilson

The purchase price of this Web Program segment includes the following articles from the Course Handbook available online:

  • The Lawyer’s Guide to Understanding Financial Statements—Part One
    George M. Wilson
  • The Lawyer’s Guide to Understanding Financial Statements—Part Two
    George M. Wilson
  • The Lawyer’s Guide to Understanding Financial Statements—Part Three
    George M. Wilson
  • Glossary of Terms, Financial Statement Terminology—In Financial Statement Order
    George M. Wilson
  • Financial Statement Flow Spreadsheet
    George M. Wilson
  • Case Problem—Example Company A
    George M. Wilson
  • Case Ratios Solution—Example Company A
    George M. Wilson
  • The Procter and Gamble Company, Consolidated Financial Statements from Form 10K For the Fiscal Year ended June 30, 2017
    George M. Wilson
  • In re: Magnachip Semiconductor Corporation et al., Order Instituting Public Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Sections 4C and 21C of the Securities Exchange Act of 1934, and Rule 102(e) of the Commission’s Rules of Practice, Making Findings, and Imposing Remedial Sanctions and Cease-and-Desist Orders, Securities Act of 1933 Release No. 10352, Securities Exchange Act of 1934 Release No. 80564, Accounting and Audit Enforcement Release No. 3869, Administrative Proceeding File No. 3-17956, SEC (May 1, 2017)
    George M. Wilson
  • An Example of EBITDA’s Weakness
    Chad Rucker
  • Receiving Dependable Fairness Opinions: How to Make Sure Boards Are Relying Upon a Strong, Defensible Fairness Opinion
    Chad Rucker
  • PwC, In Depth, No. US2017-33, Year-End Financial Reporting Considerations, Leading Practices and Reminders (December 13, 2017)
    Susan Roos
  • PwC, Private Company Reporter, Developments in Private Company Reporting, 2017 Wrap-Up—What You Need to Know for Your Financial Statement Close (December 19, 2017)
    Susan Roos
  • PwC, In Transition, No. US2017-01,The New Revenue Recognition Standard, Frequently Asked Questions About SEC Reporting Matters, Disclosures, and Transition Under US GAAP (August 9, 2017)
    Susan Roos
  • PwC, In Brief, No. US2017-31, FASB Proposes to Simplify the New Leases Guidance (November 30, 2017)
    Susan Roos
  • PwC, In Brief, No. US2018-02, FASB Tackles Tax Reform Accounting (January 10, 2018)
    Susan Roos
Chad Rucker ~ Managing Director, Valuation Research Corporation
Kirsten Schofield ~ Assurance Partner, Private Company Services, PwC
George M. Wilson, MBA, CPA ~ Director, SEC Institute, a Division of PLI
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