ComplianceOnline

Critical Concepts to Understand the Balance Sheet, Income Statement, Cash Flow and Retained Earnings

Instructor: Lynn Fountain
Product ID: 704834
  • 9
  • March 2017
    Thursday
  • 10:00 AM PST | 01:00 PM EST
    Duration: 90 Min

Live Online Training
March 09, Thursday 10:00 AM PST | 01:00 PM EST
Duration: 90 Min

$199.00
One Dial-in One Attendee
$349.00
Group-Max. 10 Attendees/Location
(For multiple locations contact Customer Care)

recorded version

$249.00
1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section 48 hrs after completion of Live training

Training CD

$349.00
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days after completion of Live training

Customer Care

Fax: +1-650-963-2556

Email: customercare@complianceonline.com

Read Frequently Asked Questions

Rather than focus on the computations and tactics of each of the statements, this training program will cover the important concepts of how the statements interact and relate to each other providing management with the critical information needed to manage financial stability of their organization. It is important professionals recognize that no one statement tells the complete story, but combined they provide a powerful tool for management.

Why Should You Attend:

This webinar will focus on discussing the concepts of the primary financial statements utilized at every company: balance sheet, income statement, cash flow statement and retained earnings statements. Many professionals are uncomfortable with trying to read and interpret the financial statements. This session will focus on simplifying and breaking down the process for attendees.

Areas Covered in the Webinar:

  • Balance sheet
    • Explore the components of assets, liabilities and equity and varying formats of presentation
    • Identify what balancing the balance sheet means
    • Discover the relationship to income statement components
  • Income statement
    • Identify what comprises revenue
    • Explore varying types of income statements
    • Identify expenditures
    • Recognize net income/loss and flow through to balance sheet
  • Statement of cash flows
    • Explore why cash flow statement is king
    • Discover what the cash flow statement tells the company
  • Recognize how the cash flow statement links to the balance sheet and income statements

Who Will Benefit:

  • Accounting Professionals
  • Finance Professionals
  • Operational Management
  • Entry-level External Auditors
  • Accounting, Operational and Compliance Professionals
Instructor Profile:
Lynn Fountain

Lynn Fountain
Former Chief Audit Executive, Aquila

Lynn Fountain has over 35 years of experience spanning public accounting, corporate accounting and consulting. She has 20 years of experience working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance.

Ms. Fountain has held two chief audit executive positions for international companies. Since 2008, she has served in positions where she was responsible for internal audit, enterprise risk management and Sarbanes-Oxley. Ms. Fountain has a private consulting and training business, and she has developed and delivered leading edge training sessions on COSO, internal audit, ERM, accounting, leadership, governance, compliance and ethics. She delivers training for the American Institute of Certified Public Accountants, Institute of Internal Auditors, and multiple seminar and training groups.

Ms. Fountain is the author of two technical books that released in 2015: Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations; Leading the Internal Audit Function. In addition, Ms. Fountain is a frequent blogger on the LinkedIn platform and has also had numerous articles published in professional and technical publications. She is currently authoring a third technical book on corporate ethics and the internal auditor’s challenge.

She has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate (non-active).

Topic Background:

Accountants and finance personnel are schooled in the basics of the concept of financial statements during their educational years. The focus is often on the calculations, format and purposes of the statements. Once professionals enter the working world they find that the financial statements are truly an integral tool for managing and monitoring the financial health of an organization.

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