DESIGNED FOR
CPAs, EAs, or other tax professionals
BENEFITS
After attending the presentation, you will be able to...
- Responsibly analyze the financial condition and organizational health of closely held companies
- Confidently develop business plans
- Address weakness in internal controls
HIGHLIGHTS
The major topics that will be covered in this class include:
- The importance of managing the “control environment” of an entity to be successful and determining the state of the “control environment” of an entity
- How to create "goal" statements that achieve results
- How to use analytical procedures to identify misstatements in financial information
- How to use analytical procedures as a management tool to identify areas hindering the profitability of the entity
- Techniques for developing a “workable” business plan
- Recasting GAAP financial statements into powerful management tools
- Developing and using benchmarks
- Identifying profitability key factors
- The relationship of internal controls and the health of an entity plus common weaknesses in internal controls using the guidelines in the COSO Report on Internal Controls and common internal controls to address those weaknesses
COURSE LEVEL
Intermediate
PREREQUISITES
None
ADVANCE PREPARATION
None