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 Toxic & Other Employees Who Have Attitude Issues
Effective Onboarding: How to Welcome, Engage, and Retain Ne…
Analytical Method Validation Under Good Laboratory Practic…
Do's and Don'ts of Documenting Employee Behaviour, Performa…
Sunshine Act Reporting - Clarification for Clinical Research
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
Project Management for HR, Administrative Professionals, an…
Stressed Out: How to Handle Conflict, Difficult People and …
Harassment, Bullying, Gossip, Confrontational and Disruptiv…
Marketing to Medicare or Medicaid Beneficiaries - What You …
Understanding the Artificial Intelligence Landscape
Best Practices for Working With Vendors and Suppliers
Accounting For Non Accountants : Debit, Credits And Financi…
Principles & Practices for the Cybersecurity of Legacy Medi…
Independent Contractor vs. Employee New Rule Issued by The …
The Top Ten Excel Functions Everyone Should Know
Ultimate Persuasion Strategies! - Secret Influence Tools & …
Clinical Trial Systems: The Trial Master File (TMF) and Ele…
Dealing With Difficult People In Life & Work
Improving Employee Engagement & Retention Through Stay Inte…
Fair Lending in Q2 2024: new regulations, examinations, and…
FDA Regulation of Artificial Intelligence/ Machine Learning
Form 1099 Update 2024: Latest Forms, Rules and Reporting Re…
Coming Soon - New Minimum Salary Levels for Exempt Employee…
Beyond ‘Illegal’ Interview Questions: What Recruiters & Hir…
Bootcamp for New Managers and Supervisors: Avoid These 7 Mi…
Writing Techniques for Auditors and Risk Management Profess…
Coaching & Retaining Your Talent – Putting the WOW into Qua…
Outlook - Master your Mailbox - Inbox Hero Inbox Zero
Emotional Intelligence: Mastering the Emotions of Great Lea…
Building Fair Chance Hiring Policies in 2024
Effectively Handle Toxic People for Better Productivity and…
Third-Party Relationships: Risk Management: What All Bankin…
HR 101 - Bootcamp Basics for New Human Resource Professiona…
How to Manage and Resolve Conflict in the Workplace
Impact Assessments For Supplier Change Notices
Performance Management with Bottom-Line Results
How to Give Corrective Feedback: The CARE Model - Eliminati…
Human Error Reduction Techniques for Floor Supervisors
Credit Risk Discipline Tools - Implementing 14 Tools for Cr…
FDA Compliance And Laboratory Computer System Validation