- NY Credits : 5.0
- TX Credits : 5.0
Analyzing Financial Statements for Profit Improvement Updated
Financial analysis is an art much more than a science. The calculations made are arithmetic and can be considered scientific, but the decision about what technique to use in a particular situation, how to apply the technique, and how to interpret the results is more of an artistic endeavor. As such, financial analysis can generate the opportunity to be creative, innovative, and even, in some cases, offbeat. Finding the real problem within an organization can be exceedingly difficult, and sometimes only a creative approach will cause discovery of that seminal or core problem-creating issue. The purpose of this course is to give the participant familiarity with some techniques and approaches to help ferret out the problems of the organization.
Upon successful completion of this course, the user should be able to:
recognize the relevance of financial analysis,
identify various philosophies that support customer service,
identify and discuss the relevance of the 20 basic ratios, as well as other ratios, commonly used in financial analysis, and
provide a technique for analyzing problem areas within the company-the condition, criteria, cause, and effect process.