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Home > Seminar > 17 January 2005

Understand Financial Statements, Invest Wisely



17 January 2005



Le Meridien Kuala Lumpur


Course Objective :
The objective of this unique seminar is to share our vast experience and skills in financial statement interpretation and analysis. With the evolution experienced by the accounting industry that leads to constant changes in accounting presentation methods and disclosure requirements, financial statements nowadays are more complex than it used to be. The complexity lies not with reading the figure presented, but with understanding the story behind the presented figures. With more stringent accounting treatments, financial statements are more like a double-edged sword; benefiting those who are able to digest and link each and every part of the financial statements in an intellectual manner and discriminating those who accept the figures for what they are. This seminar aims to equip users with the necessary know-how and tools to interpret financial statements in search for reliable estimates of a company's earning power and financial strength, as distinguished from periodically reported figures.


Course Outline




General announcements


Overview of financial statement analysis and interpretation
  - The importance of financial statement analysis

Components of Financial Statements
  - Income statement, balance sheet, cash flow statement, statement of changes in


Analysis of Income Statement
  - Revenue recognition
  - Identifying non-recurring items
  - Inventory valuation methods and its implications
  - Effects of depreciation and impairment of assets
  - The implications of incorporating results of subsidiaries, associates, and joint


Tea Break


Analysis of Balance Sheet
  - How capital is invested and how the capital structure is divided
  - Measurement of asset values
  - Strength or weakness of working capital position (liquidity ratios)
  - The basis for analysing the sources of income

Cash Flow Statement Analysis




Ratio Analysis
  - Management evaluation ratios
  - Debt utilisation ratios
  - Profitability ratios
  - Price ratios
  - Return on capital employed


Tea Break


Case Study in Applying Financial Statement Interpretation and Analysis


Questions and Answers