Financial sessions.(financial statements analysis)

15047. Advanced Financial Statement Analysis

Speaker: D.J. Masson, Ph.D., CTP, Cert ICM

This session will outline a six-step process to be used in advanced financial analysis. The effective analysis of a set of financial statements begins with an understanding of (1) the economic characteristics and current conditions of a firm's businesses, and (2) the particular strategies the firm selects to compete in each of these businesses. It then moves to (3) assessing how welt the firm's financial statements reflect the economic effects of the firm's decisions and actions. Next the analyst (4) assesses the profitability and risk of the firm in the recent past, using financial statements, ratios and other analytical tools, and then (5) forecasts its expected future profitability and risk. Finally, the analyst (6) values the firm using various valuation methods. This session will also discuss the basics of how financial accounting statements might not always provide a full and accurate picture of a company's financial health. The problems in analyzing financial statements range from legitimate adjustments within GAAP guidelines to more "creative accounting" methods that are designed to actively mislead investors or hide financial problems.

15055. Financial Statement Fraud: Where Have All the Assets Gone

Speaker. Bruce Dubinsky, Dubinsky & Company, P.C.

In today's business world, making good credit decisions rests upon understanding all of the financial aspects of the debtor's business from the inside out. However, what do you do when you are faced with a company to whom you have already granted credit and whose financial picture appears to have changed almost overnight? Financial statement fraud is becoming more and more prevalent in the business world and therefore, detecting it is even more important. With the proliferation of computer bookkeeping software, it is very easy to create fraudulent financial statements in order to either gain credit in the first instance or avoid collection actions in the later. This session will look at how to spot financial statement fraud and most importantly, how to uncover dues that will help track assets that have been removed or concealed from the corporate books. In fraud detection, it's not what's on the page in front of you that's critical, it's what's not on the page.

15060. PFE (Potential Future Exposure) and CVAR (Credit Value-at-Risk) Analysis