Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Unexpected, non-recurring items are bound to happen to any company. These can dramatically impact a company’s financial statements, skewing the underlying operating performance. Therefore, financial analysts need to be able to identify and adjust for these one-time items to better understand a company’s true performance.
This course is designed to teach learners how to adjust and interpret income statements for financial analysis and decision making. It empowers learners with the skills necessary to transform financial statements, ensuring they accurately represent a company’s core operations and are ideal for use in diverse financial modeling and valuation contexts. Learners will be able to identify and remove non-core and non-recurring items to better assess true operating performance and prepare adjusted income statements suitable for financial modeling, valuation, and strategic business applications.
Key Takeaways
Upon completion of this course, learners will be able to:
- Understand the concept of normalization.
- Apply practical normalization techniques.
- Interpret real-world financial documents and compute key financial metrics.
- Identify and adjust the income statement for non-core and non-recurring items.
- Analyze adjusted income statements to better understand a company’s true operating performance.
- Prepare the income statement for financial models, valuations, and strategic business scenarios.
Who Will Benefit
This course will benefit accounting and financial professionals who want to better understand a company’s true operating performance. It equips learners with practical skills to normalize income statements so they can produce more accurate analyses, models, and valuations for sound decision-making.
Prerequisite(s)
A foundational understanding of financial accounting is recommended.
Disclaimer
Most of CPA Ontario's 450+ on-demand courses are compatible with the mobile app. Unfortunately, this on demand course is not compatible. For the best learning experience, we suggest you use your computer.
How to Access the Course
To access your course, visit the CPA Ontario Blackboard site and sign in using the same username and password used for the Registration Portal.
Important: Course access begins on the date of purchase and remains available for the Access Time specified for the course under Dates and Location. Please review the access time before purchasing. Note that it may take up to 15 minutes after registration for the course to appear in Blackboard.
Registration, cancellation, withdrawal, and other CPA Ontario PD policies can be found here.
Speaker(s)
Jeff Schmidt taught financial modeling and valuation to thousands of students all over the world for over a decade prior to joining CFI. Clients included some of the world’s largest corporations and financial institutions, as well as many of the most prestigious universities in the world. He also advised clients on modeling best practices, model rebuilds, and streamlining large spreadsheets. Before his career in financial education, Jeff covered approximately 50 companies with a combined market cap of $500 billion during his career in equity research. He also worked in corporate development leading M&A due diligence and financial planning & analysis, as well as working in investment banking and restructuring.