Use Of Analytical Procedures (Aps) For Accountants, Auditors, Financial Analysts And Others

By: Paul J. Sanchez

Recorded Session

Duration
60 Minutes

Training Level
Intermediate to Advanced

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Webinar Details

Financial Statement information at times appears to be overwhelming. Directors, managers, officers, auditors, reviewers, investors, controllers, regulators and others often try to focus on financial statements to pinpoint bank areas of concern.
These financial statement analysts are usually concerned with:

Unusual transactions
Unusual events
Accounting changes
Business changes
Misstatements

Various tools are used to help focus on the analysis.

Generally, the tools include:

Use of Financial Statement Analytical Procedures (APs) Designed to Focus on Bank Area of Concern
Use of the Uniform Bank Holding Company Performance Report (UBHCPR)
Use of Key Indicators (KIs)

This webinar addresses the first of these three tools – Use of Financial Statement Analytical Procedures.
The other two tools are covered in other webinars.
This webinar addresses historical trend analysis which includes:

Dollar Analysis
Percentage Analysis
Common-Size Financial Statement Analysis: Balance Sheet and Income Statement

WHY SHOULD YOU ATTEND?

This webinar is designed for all persons who review financial statement for various purposes. These reviewers or analysts want to take massive amounts of data and reduce the data to manageable, workable, decipherable and intelligent pieces that can be used to provide a laser-like focus on unexpected and surprising occurrences.
Attendees should include:

Financial analysts
Directors
Managers
Bank Officers
Controllers
Internal auditors
External auditors
Regulatory’s
Investors

AREA COVERED

During the 90-minute webinar, topic coverage will include the following:
During the 90-minute webinar, topic coverage will include the following:
Historical Trend Analysis
Dollar analysis
Percentage analysis
Common-size analysis
Ratio Analysis
Profitability ratios
Capital ratios
Asset quality ratios
Liquidity ratios
Productivity ratios
Comparisons of actual vs forecasted results
Analysis of financial statement interrelationships
Analysis of industry statistics
Computational examples
Explanation of the meaning of the analysis

LEARNING OBJECTIVES

Understanding key financial statement ratios that can be used for specific purposes by bank analysts
Using tools to detect unusual or, at a minimum, unexpected changes or occurrences
Comparing and contrasting basic financial statements with common-size financial statements
Distinguishing between dollar analysis and percentage analysis
Comprehending the power of common-size financial statements
Grasping the importance of key ratios
Capturing the meaning of profitability ratios, capital ratios, asset quality ratios, liquidity ratios, and productivity ratios
Understanding how to calculate and how to interpret the meaning of the various ratios

WHO WILL BENEFIT?

The targeted audience for such a webinar are the senior people at the bank:
Directors
Management
Officers – Controllers, Treasurers, etc
General Auditor – Internal
Compliance Officer
Risk Manager
General Counsel
External Auditor
Primary Regulator
Financial Analysts
Internal Auditing Personnel

Financial analysts
Directors
Managers
Bank Officers
Controllers
Internal auditors
External auditors
Regulatory’s
Investors

During the 90-minute webinar, topic coverage will include the following:
During the 90-minute webinar, topic coverage will include the following:
Historical Trend Analysis
Dollar analysis
Percentage analysis
Common-size analysis
Ratio Analysis
Profitability ratios
Capital ratios
Asset quality ratios
Liquidity ratios
Productivity ratios
Comparisons of actual vs forecasted results
Analysis of financial statement interrelationships
Analysis of industry statistics
Computational examples
Explanation of the meaning of the analysis

Understanding key financial statement ratios that can be used for specific purposes by bank analysts
Using tools to detect unusual or, at a minimum, unexpected changes or occurrences
Comparing and contrasting basic financial statements with common-size financial statements
Distinguishing between dollar analysis and percentage analysis
Comprehending the power of common-size financial statements
Grasping the importance of key ratios
Capturing the meaning of profitability ratios, capital ratios, asset quality ratios, liquidity ratios, and productivity ratios
Understanding how to calculate and how to interpret the meaning of the various ratios

The targeted audience for such a webinar are the senior people at the bank:
Directors
Management
Officers – Controllers, Treasurers, etc
General Auditor – Internal
Compliance Officer
Risk Manager
General Counsel
External Auditor
Primary Regulator
Financial Analysts
Internal Auditing Personnel

SPEAKER PROFILE

Paul J. Sanchez, CPA, CBA, CFSA, CGMA conducts a small CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University - C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors. He also was on the technical staff of the Auditing Standards and Examinations Divisions of the AICPA. He practiced public accounting in the New York office of Deloitte where he also was a firm recruiter and in-house professional development instructor. He was an owner and auditing and accounting seminar leader for the Person/Wolinsky CPA Review Courses, a company that prepared candidates to pass the Uniform CPA Examination. He is a frequent lecturer and seminar leader for accounting, auditing, banking, risk assessment and other professional presentations. He is the author of the textbook, “Accounting Basics for Community Financial Institutions” (Financial Managers Society, 2nd edition, Chicago, 2009) and the “Ideas an Analysis Letter: The Sanchez Take” (see www.sanchez-psa.com). As a contributing author, his chapter on ‘An Auditor’s Approach to Risk-Based Auditing: What to Audit and When,’ is included in the textbook, “Effective Auditing for Corporates: Key Developments in Practice and Procedures,” (Bloomsbury Information, Ltd, London, 2012).

Upcoming Webinars

Understanding and Analyzing Financial Statements