CFO/Controller Best Practices

Manage Your Balance Sheet: What Is a Balance Sheet and Why Is It Important to My Business? (Updated)

The balance sheet is one of four financial statements used by management and users to manage the operations of a business and report periodically on the financial status of the organization. The goal of this course is to enable the user to understand the concepts and elements of the balance sheet. This course also discusses bases of accounting, valuation issues, and balance sheet ratio analysis.

Learning Objectives:

  • Identify the four basic financial statements and their elements.
  • Recognize the different bases of accounting for the preparation of financial statements.
  • Describe the method of classifying and valuing elements of the balance sheet.
  • Recognize balance sheet analysis techniques including their use in managing your business.


Prerequisites/Advanced Preparation:

None.


Speaker / Author:

John M. Fleming, CPA/MBA, licensed as a CPA in Pennsylvania, has served as the Director of Content Development for Kaplan Financial Education, powered by SmartPros, and also as President and Director of Accounting and Auditing for Kaplan Financial Education, powered by Loscalzo Institute. John retired on October 1, 2017. In retirement, John continues to provide seminars as a discussion leader for Kaplan Financial Education, powered by Loscalzo Institute, on a part-time basis.

John's prior practice experience includes audit, tax, consulting, office management, and human resource responsibilities with Deloitte LLP, Richard Eisner & Company LLP, and Ernst & Young LLP. John is a graduate of LaSalle and Drexel Universities with degrees in accounting and finance.

John served as the 1999/2000 President of the 8,300 member Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA). In 2006, the PICPA recognized John as a Joseph E. Sterrett Fellow for his contributions to the accounting profession and in 2007, the Philadelphia Chapter recognized John with their Champion Award for his contributions to the PICPA, Chapter, profession and community. John has also served as the 2002/2003 President of the American Accounting Association’s Mid-Atlantic Region.

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Price (USD)

Standard: $24.95

Details

Course Code : 99FLE58

Release Date : 08/18/2021
Expire Date : 08/31/2023
Credits :
CPE 1.00
QAS 1.00

Course Level : Basic
Length : 50min
Course Type : QAS Self-Study

Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Finance
Theme : CFO/Controller Best Practices

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