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 statements can be overwhelming. Directors, auditors, regulators, investors and others need to focus on unusual transactions and events, accounting and business changes, and misstatements. This 60-minute webinar covers one of the main tools for doing that: financial statement analytical procedures (APs) aimed at bank areas of concern.

You'll work through historical trend analysis, including dollar, percentage and common-size analysis of the balance sheet and income statement.

The session then covers profitability, capital, asset quality, liquidity and productivity ratios, actual vs forecast comparisons, financial statement interrelationships and industry statistics, with computational examples and what the results mean.

WHY SHOULD YOU ATTEND?

Analysts need to turn large amounts of data into manageable pieces that point to unexpected changes. Analytical procedures give you a focused way to do it.

This session suits bank directors, managers, officers, controllers, treasurers, internal and external auditors, compliance officers, risk managers, general counsel, regulators, investors and financial analysts.

AREA COVERED

Historical trend analysis

Dollar analysis
Percentage analysis
Common-size analysis of the balance sheet and income statement

Ratio analysis

Profitability ratios
Capital ratios
Asset quality ratios
Liquidity ratios
Productivity ratios

Other analysis

Comparing actual vs forecast results
Financial statement interrelationships
Industry statistics
Computational examples and what the analysis means

LEARNING OBJECTIVES

Use key financial statement ratios for specific bank analysis purposes
Detect unusual or unexpected changes with analytical tools
Compare basic and common-size financial statements
Distinguish dollar analysis from percentage analysis
Calculate and interpret profitability, capital, asset quality, liquidity and productivity 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

Analysts need to turn large amounts of data into manageable pieces that point to unexpected changes. Analytical procedures give you a focused way to do it.

Historical trend analysis

Dollar analysis
Percentage analysis
Common-size analysis of the balance sheet and income statement

Ratio analysis

Profitability ratios
Capital ratios
Asset quality ratios
Liquidity ratios
Productivity ratios

Other analysis

Comparing actual vs forecast results
Financial statement interrelationships
Industry statistics
Computational examples and what the analysis means

Use key financial statement ratios for specific bank analysis purposes
Detect unusual or unexpected changes with analytical tools
Compare basic and common-size financial statements
Distinguish dollar analysis from percentage analysis
Calculate and interpret profitability, capital, asset quality, liquidity and productivity 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).

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