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 …
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
Data Integrity and Privacy: Compliance with 21 CFR Part 11,…
Understanding the incredible uses and fallbacks of ChatGPT
Project Management for administrative professionals
Accounting For Non Accountants : Debit, Credits And Financi…
Coaching At Work- Improving Employee Engagement And Perform…
Gossip-Free: Leadership Techniques to Quell Office Chatter
Excel - Pivot Tables - The Key To Modern Data Analysis and …
Onboarding is Not Orientation: How to Improve Your New Hire…
Using High-Performance Coaching for Managers to Address Per…
21 CFR Part 11 - Compliance for Electronic Records and Sign…
California Meal and Rest Breaks: What You Dont Know Can Cos…
Writing Techniques for Auditors and Risk Management Profess…
Responding to EEOC Discrimination Charges-What's Your Busin…
Implementing an Effective Human Error Reduction Program
Conflict Resolution - Prevent, De-escalate, Resolve
When Employees Travel: Wage and Expense Rules Employers Mus…
Female to Female Hostility @Workplace: All you Need to Know
With Mandatory Paid Leave Gaining Ground Is It Time To Do A…
Validation Statistics for Non-Statisticians
Form 1099-MISC and 1099-NEC Compliance Update 2024
Project Management for Non-Project Managers - Scheduling yo…
GAMP5, Second Edition and Alignment with Computer Software …
The Totally Organized Professional Is All About Outcomes
Why EBITDA Doesn't Spell Cash Flow and What Does
Understanding the Math of HR… So You Can Show How HR Impact…
Sunshine Act Reporting - Clarification for Clinical Research
FFIEC BSA/AML Examination Manual: What Compliance Officers …
How to Address ISO's New Climate Change Requirements
Re-imagine Finance & Accounting Made Simple. Three Webinars…
I-9 Audits: Strengthening Your Immigration Compliance Strat…
How To Conduct An Internal Harassment And Bullying Investig…
Stay Interviews: A Powerful and Low-Cost Employee Engagemen…
Effective Onboarding: How to Welcome, Engage, and Retain Ne…
Managing Toxic & Other Employees Who Have Attitude Issues
Analytical Method Validation Under Good Laboratory Practic…
Do's and Don'ts of Documenting Employee Behaviour, Performa…
Onboarding New Hires: Leverage the Potential of Artificial …
Do's and Don'ts of Giving Effective Feedback for Performanc…
Tattoos, hijabs, piercings, and pink hair: The challenges …
Using Behavior Based Interviewing for Finding the Best Matc…
How to Document Employee Discussions and Why it is Important
Understanding the Artificial Intelligence Landscape
Marketing to Medicare or Medicaid Beneficiaries - What You …
Harassment, Bullying, Gossip, Confrontational and Disruptiv…