Featured Speaker: Douglas R. Smith, C.P.A.

•Generally Accepted Accounting Principles (GAAP)

• Definitions

• Sources of Authority

• Financial Reporting Methods

•Levels of Assurance

• Audits

• Reviews

• Compilations

• Non-Professionally Prepared Statements

•Net Income v. Cash Flow

•Depreciable Assets

• Definition

• Choosing the Depreciation Method

• Differences between Depreciation, Amortization, and Depletion 

•Capitalization v. Expensing

• What is Capitalization and Why is it Done?

•Inventories and Inventory Flow Assumptions

• Difference between Merchandising and a Service Business Understanding Financial Statements

•Overview of Financial Statements

• Balance Sheet

• Income Statement

• Statement of Cash Flows

• Notes • Accountants' Reports

•Analyzing Financial Statements

• Short-term Liquidity

• Cash Flow and Forecasting

• Capital Structure and Solvency

• Operating Performance

• Return on Invested Capital

•Special Reporting Issues

• Business Combinations and Consolidated Financial Statements

• Contingent Liabilities

• Leases

• Related Party Transactions

6.8 hours; 8.1 WV MCLE credits, including 8.1 LOM credits

Compact Disc Seminar Sale with Written Handout

Videotapes must be returned within three weeks from date of mailing. An overdue fee of $10.00 per week will be charged for tapes not returned within three weeks