Capital Dynamics Sdn Bhd is the first independent investment
adviser in Malaysia. It has been described as "one
of the country's most iconoclastic and critical research
outfits".
In February 2004, Capital Dynamics Sdn Bhd launched icapital education.
Since our inception in 1988, we have remained totally independent
and have been providing objective advice on Stockmarkets and Economies
through iCapital.
The iCapital newsletter is its flagship product.
It has been around since 1989.
In 2002, icapital.biz, the online version
of iCapital was launched.
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Understand Financial Statements, Invest Wisely
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Date |
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17 January 2005 |
Venue |
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Le Meridien Kuala Lumpur |
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Course Objective :
The objective of this unique seminar is to share our vast experience and skills in financial statement interpretation and analysis. With the evolution experienced by the accounting industry that leads to constant changes in accounting presentation methods and disclosure requirements, financial statements nowadays are more complex than it used to be. The complexity lies not with reading the figure presented, but with understanding the story behind the presented figures. With more stringent accounting treatments, financial statements are more like a double-edged sword; benefiting those who are able to digest and link each and every part of the financial statements in an intellectual manner and discriminating those who accept the figures for what they are. This seminar aims to equip users with the necessary know-how and tools to interpret financial statements in search for reliable estimates of a company's earning power and financial strength, as distinguished from periodically reported figures.
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Course Outline
8.00am-8.30am |
Registration |
8.30am-8.35am |
General announcements |
8.35am-9.05am |
Overview of financial statement analysis and interpretation
- The importance of financial statement analysis
Components of Financial Statements
- Income statement, balance sheet, cash flow statement, statement of changes in
equity |
9.05am-10.35am |
Analysis of Income Statement
- Revenue recognition
- Identifying non-recurring items
- Inventory valuation methods and its implications
- Effects of depreciation and impairment of assets
- The implications of incorporating results of subsidiaries, associates, and joint
ventures |
10.35am-11.00am |
Tea Break |
11.00am-12.30pm |
Analysis of Balance Sheet
- How capital is invested and how the capital structure is divided
- Measurement of asset values
- Strength or weakness of working capital position (liquidity ratios)
- The basis for analysing the sources of income
Cash Flow Statement Analysis |
12.30pm-2.00pm |
Lunch |
2.00pm-3.00pm |
Ratio Analysis
- Management evaluation ratios
- Debt utilisation ratios
- Profitability ratios
- Price ratios
- Return on capital employed |
3.00pm-3.30pm |
Tea Break |
3.30pm-5.00pm |
Case Study in Applying Financial Statement Interpretation and Analysis |
5.00pm-5.30pm |
Questions and Answers |
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