Training Program on Financial Statement Analysis
Organized by DSE Training Academy
Program Schedule
Date & Time
Topics
Day 1
3:00 PM – 5:30 PM
Introduction to the Financial Statement: The form of the financial statements, Measurement in
the financial statements, Objectives of FA, The Financial Reporting Systems, Basic problems with
interpretation of financial statements, Demand for and Supply of Financial Statement Information
— parties demanding financial information and conflicts among diverse parties.
Day 2
3:00 PM – 5:30 PM
Ratio analysis:
Profitability, leverage, efficiency and liquidity ratio, DuPont analysis, operating & cash cycle.
Day 3
3:00 PM – 5:00 PM
Overview of Accounting Analysis:
Doing Accounting Analysis, Accounting Analysis Pitfalls, Defining accounting quality, Detecting
income shifts, Detecting transaction manipulation, Justifiable manipulation.
Day 4
3:00 PM – 5:30 PM
The analysis of the balance sheet and income statement: Reformulating the balance sheet,
Reformulating the income statement, Comparative analysis of the balance sheet and income
statement
Day 5
3:00 PM – 5:30 PM
Day 6
3:00 PM – 5:30 PM
Day 7
3:00 PM – 5:30 PM
Day 8
3:00 PM – 5:30 PM
Day 9
3:00 PM – 5:30 PM
The analysis of the statement of shareholder’s equity and cash flow statements:
Reformulating the statement of owner’s equity, Dirty-surplus accounting, Hidden dirty surplus,
The calculation of free cash flow, GAAP statement of cash flows and reformulated cash flow
statements.
The analysis of profitability: First-level breakdown: Distinguishing financing and operating
activities and the effect of leverage, Second-level breakdown: drivers of operating profitability,
Third-level breakdown.
The analysis of growth and sustainable earnings:
What is growth? The analysis of changes in profitability and sustainable earnings, The analysis of
growth in shareholder’s equity, Growth the evaluation of P/B ratios and P/E ratios.
Earning Quality & its Measurement and Corporate Governance:
Persistence & sustainability of Earnings, discretionary accruals & its measurement, Balance sheet
measured scaled accrual ratio and Income statement based scale accrual ratio, Dimension of
Earning Quality, Reformulating Earning Quality & Corporate Governance
A practical session on a real firm
A practical session on a real firm
Day 10
3:00 PM – 5:30 PM
Concluding Ceremony & Certification