What’s in a number, if a company has a current ratio of 2:1 what does that mean and will I base my credit decision on that number?
If I see grocery stores have an average inventory turnover of 45:1 and mine is only 9:1 are we doing something wrong?
Ratios by themselves cannot always give you everything you need so you need to be resourceful and know where to go to get the answers.
To accommodate those needs this session will teach you how to use the Balance sheet, Income statement and the Statement of cash flows and the associated ratios along with other tools to help you make a sound credit.
WHY SHOULD YOU ATTEND?
The session will cover calculating ratios in the following areas: Activity ratios, Profitability ratios, Liquidity ratios, Debt Ratios, Altman Z score.
To learn how to read a Balance Sheet, Income statement and Statement of cash flows and understand the importance of each and what it means.
It will also show you how to write up an account summary with everything in it to present to management with your credit decision.
AREA COVERED
- Financial analysis.
- Gross and Net sales.
- Cost of goods sold.
- Gross margin.
- EBIT.
LEARNING OBJECTIVES
- Understanding how to tie in the main three financial statements together and make a sound credit decision.
- Learn the importance of the Altman Z score.
- Learning what each of the financial ratios are actually telling you.
- Understanding the importance of cash to the organization.
- Is DSO the best measure to determine your Credit’s collection ability.
- How to write up a proper summary after your analysis for management to support your decision.
WHO WILL BENEFIT?
- Bankers.
- Credit managers.
- Credit Analysts.
- People working in FP&A.
- Small business owners.
- General Managers.
- Attorneys.
The session will cover calculating ratios in the following areas: Activity ratios, Profitability ratios, Liquidity ratios, Debt Ratios, Altman Z score.
To learn how to read a Balance Sheet, Income statement and Statement of cash flows and understand the importance of each and what it means.
It will also show you how to write up an account summary with everything in it to present to management with your credit decision.
- Financial analysis.
- Gross and Net sales.
- Cost of goods sold.
- Gross margin.
- EBIT.
- Understanding how to tie in the main three financial statements together and make a sound credit decision.
- Learn the importance of the Altman Z score.
- Learning what each of the financial ratios are actually telling you.
- Understanding the importance of cash to the organization.
- Is DSO the best measure to determine your Credit’s collection ability.
- How to write up a proper summary after your analysis for management to support your decision.
- Bankers.
- Credit managers.
- Credit Analysts.
- People working in FP&A.
- Small business owners.
- General Managers.
- Attorneys.
Speaker Profile
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 …
Upcoming Webinars
Managing Difficult Employee Conversations
I-9 Audits: Strengthening Your Immigration Compliance Strat…
Dealing With Difficult People In Life & Work
Predictive Accounting: Driver-Based Budgeting And Rolling F…
Pay Equity Changes for 2024! What Employers Need to Know to…
Leader Branding: How to Communicate with Confidence to Attr…
Project Management for Non-Project Managers - How to commun…
Design Verification, Validation and Testing for Medical Dev…
Data Integrity and Privacy: Compliance with 21 CFR Part 11,…
FFIEC BSA/AML Examination Manual: What Compliance Officers …
Why EBITDA Doesn't Spell Cash Flow and What Does
Harassment, Bullying, Gossip, Confrontational and Disruptiv…
Employee or Independent Contractor – U.S DOL Announces 2024…
How to Survive an Emotionally Toxic Workplace
Best Practices in Complaint Management for Regulatory Compl…
Human Factors Usability Studies Following ISO 62366 and FDA…
Ensuring Safe and Effective Pharmaceutical Products: A Comp…
Gossip-Free: Leadership Techniques to Quell Office Chatter
Updated Metro 2®, e-OSCAR and the New Tougher FCRA/CFPB Com…
Embracing Diversity and Inclusion in Talent Acquisition
Form W-9 Compliance to Avoid Penalties: TIN Verification, B…
Tattoos, hijabs, piercings, and pink hair: The challenges …
Understanding and Analyzing Financial Statements
Divorce, Adoption and Other Special Tax Topics
Design History File (DHF), the Device Master Record (DMR) a…
With Mandatory Paid Leave Gaining Ground Is It Time To Do A…
Setting up Quality System for FDA Regulated Products: Tips …
Is Your Culture Working For or Against Your Success? If You…
Marketing to Medicare or Medicaid Beneficiaries - What You …
The Five Cs Of Commercial Credit: The Basic Elements Of Cre…
Sunshine Act Reporting - Clarification for Clinical Research
Documenting Misconduct that Will Stand Up in Court
Stress, Change And Team Resilience Through Humor: An Intera…
FDA Regulation of Artificial Intelligence/ Machine Learning
Managing Toxic & Other Employees Who have Attitude Issues
Excel - Lists and Tables - A Beginner's Guide to Managing L…
Pharma 4.0: Next Generation Technology Approach to GxP Prod…
Patient Gifts, Discounts and Freebies: What You Can and Can…
Managing Complex Projects - Project Management
All About Civility - Eliminating a Culture of Gossip Rumors…
From Challenges to Compliance: Understanding Dietary Supple…
Improving Employee Engagement & Retention Through Stay Inte…
How To Conduct An Internal Harassment And Bullying Investig…