Changes to financial reporting can also change how you read financial statements.

In a world where some companies report results using International Financial Reporting Standards (IFRS), others report using U.S. GAAP, and still others report using Accounting Standards for Private Enterprises (ASPE), analyzing financial statements is becoming more and more challenging.   

Financial statements are also influenced by managerial judgment, and it is difficult to assess the financial health of an organization or compare companies based on numbers alone.

This webcast focuses on more advanced tools for financial statement analysis, particularly the lesser-known techniques that are becoming increasingly important in our first year of IFRS and ASPE reporting.

You'll learn when to use straightforward financial ratio analysis, as well as what adjustments to make prior to the use of ratios so you can apply financial analysis techniques effectively.

You'll also explore other critical measures that must be considered to arrive at a detailed assessment of a company’s financial health.
 

• identify challenges in comparing companies
• apply common techniques to predict the likelihood of bankruptcy
• describe common adjustments required for financial statements prior to commencing analysis
• identify and assess areas of subjectivity in financial statements
• understand the differences in earnings quality across companies
• understand what makes a strong Balance Sheet
• improve your confidence and competency in analyzing financial statements

Presentation outline

• Challenges to financial statement analysis presented by IFRS and ASPE
  
• Refresher on financial analysis techniques
  
• Advanced ratio analysis
• Dupont Analysis
• Altman’s Z-score
• Springate Z-score
• Challenges in analysis
• Inventory
• Fixed Assets
• Leases

 
Companion webcast

It is helpful but not mandatory for you to also attend the first part of the financial statement analysis series, which introduces the fundamentals and best practices of financial statement analysis 

Karine Benzacar, MBA, FCMA, CPA (Del), is Managing Director of Knowledge Plus Corp., an organization which specializes both in business training and in providing financial, accounting, and management information services. Karine is a seasoned industry professional with more than 15 years of solid industry experience. After beginning her career in the finance departments of Avon Products Inc. and Kraft Foods Inc., she held senior financial management positions at three major Canadian Banks — Royal Bank of Canada, Bank of Nova Scotia, and Bank of Montreal. She has been working with IFRS since 2005 with selected clients.  

Karine obtained an MBA from McGill University in Montreal. In addition to her industry experience, Karine has been teaching undergraduate and MBA courses at several leading universities which include the University of Toronto, Concordia University, and Ryerson University. She is a highly acclaimed industry expert and has presented at international industry conferences. She has published numerous articles in leading journals such as The Bottom Line, Financial Post, Canadian HR Reporter, HRPAO Magazine, and The RMA Journal and has been quoted as an industry expert in industry publications.