Executive Education

Kellogg School of Management

Finance & Accounting  >  Forensic Accounting for Credit & Equity Analysts

Forensic Accounting for Credit & Equity Analysts

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Upcoming Sessions
  Part I:
October 29-31, 2007
$5,100
  Part II:
November 1-2, 2007
$3,500
  Parts I & II:
$8,250
 
Continuing Education Credit
This program is registered with the National Association of State Boards of Accountancy and is recommended for CPE credits. Part l = 26.5 CPE credits, part ll = 15.5 CPE credits. (More information about CPE credits.)
Key Benefits
During this course, you will:
Distinguish between accounting rules and underlying economic realities  
Use critical analyses of financial reporting numbers as a basis for improved risk assessment and cash-flow forecasting 
Utilize a time-proven methodology of financial analysis that seeks economic facts
Understand the limitations of financial data in order to generate improved comparisons across firms and to make better credit and equity investment decisions
Draw upon lessons learned from recent corporate accounting scandals
Receive the book Financial Reporting & Analysis, the leading text on the subject, written by the academic director
 
"This program does an excellent job [of] teaching one how to really tear apart financial statements and find out what is going on [behind] the accounting."

Senior Analyst, Investment Banking / M&A, Broadview Associates
class
© Nathan Mandell
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Learn how to “get behind” the numbers and recognize “red flags” during this highly acclaimed forensic accounting seminar. To avoid future losses, analysts must understand how financial reporting options affect income, assets, cash-flow forecasts, financial ratios, and trends—and distinguish between accounting rules and underlying economic realities.

This advanced, sequential two-part program focuses on pragmatic implications of corporate disclosures (and non-disclosures). It uses critical analyses of financial reporting numbers and comprehensive lending and equity valuation case analyses as a basis for improved risk assessment and cash-flow forecasting.

Part I incorporates the latest financial reporting developments and includes coverage of middle-market firms, with classes stressing earnings sustainability and its linkage to future cash flows. Part II applies the methodology to new situations and economic circumstances.

The two parts are sequential. You must complete Part I before enrolling in Part II. You will benefit from taking both parts consecutively.

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Program Content

This program consists of two parts. Some of the topics covered in the program include:

 

PART I

Earnings Sustainability and Cash Flow Analysis

Earnings, Cash Flow, and Firm Valuation

Recognizing and Repairing Accounting "Cosmetics"

PART II

New Perspectives on Cash Flow Forecasting

Taxes, Cash Flows, and Financial Statement Effects

Pensions and Post-Retirement Benefits

Using Financial Reporting Strategically

Recent Developments


Format
Discussion, case analysis, and group exercises facilitate participation in the seminar. In the evenings, participants work in study groups to prepare exercises and projects for class discussion.

Who Should Attend
Find out who should attend Forensic Accounting for Credit & Equity Analysts, and what past participants have said about the course.

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