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Financial Statement Fundamentals

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Date(s): Jun 27, 2024
Time: 8:00AM - 4:30PM
Registration Fee: $179.00
Cancellation Date: Jun 20, 2024
City: Austin
Parking Info:

Parking for SAO, Professional Development courses is in Garage B (1511 San Jacinto Blvd.). The Garage signage may read 1511 San Jacinto or Garage B. The elevator in Garage B is not reliable. If you are unable to walk the stairs, please contact the for alternate parking arrangements. Handicapped parking is free at the meters around the downtown area.

A course coordinator will Email you a parking permit prior to the course start date. A permit must be displayed or you will be ticketed.

Course Description

This course will help nonaccountants understand financial statements and the information contained within. Participants will gain a basic understanding of how the accounting used to create the financials works. Participants will also learn how to conduct financial statement analysis to uncover accounting and operational risks. The course will provide participants with the techniques to understand financial statements and evaluate them for risks within the business. Real-life case studies will be used to learn and apply analysis techniques learned.

Participants will need their laptops to work through case study examples and exercises.

This interactive course will be taught through a combination of lectures, group exercises, and class participation. Please bring your laptop.

Potential CPE Credits: 8.0
Govt Hours: This class meets 8.0 hours of the 24-hour requirement for governmental CPE under Government Auditing Standards (yellow book), in most cases.
Technical Hours: This class meets 8.0 CPE credits of technical training in compliance with Texas Admin. Code Rule 523.102.

Instruction Type: Live
Experience Level: BEGINNING
Category: Auditing

Course Objectives

• Understand the components of the Balance Sheet, Income Statement, and Statement of Cashflows

• Learn how to read and analyze financial statements

• Learn techniques and approaches to identify risks with the financial statement risk

• Learn vertical, horizontal and ratio analysis techniques


Prerequisites not required.

YB 4.23(j)


Tony Joy

Tony is the Director of International Audit transformations for Verracy, formerly Verracy Training & Consulting.

Tony has more than 20 years of professional accounting, audit, risk, compliance and investigative experience – all in numerous roles with multi-national companies. He has specialized in Designing, Developing / Transforming and Overseeing the execution of the Governance, Risk Management, Compliance, Internal Audit, and Investigation functions at numerous diversified multi-national companies. In addition, he has also worked in Mergers & Acquisitions, Crisis & Security Management, and SOX implementation.

Mr. Joy’s experience includes numerous projects in Emerging Markets, particularly China, India, Eastern Europe / Russia, Brazil and the Middle-East.

He is a Guest Instructor, with the Institute of Internal Auditors (IIA), and has presented on numerous occasions for the MIS Training Institute on a variety of topics related to internal audit, internal controls, compliance and investigations.

He received his Bachelor degree from Baldwin-Wallace College and is a veteran of the United States Marine Corps. He is a member of the Dayton, Ohio, chapter of The Institute of Internal Auditors, is a CPA and a Certified Fraud Examiner (CFE) and a member of the American Institute of Certified Public Accountants, the Ohio Society of CPAs, and the Association of Certified Fraud Examiners.

Additional Information

TAC Rule 523.142(g) requires the CPE Sponsor to monitor individual attendance and assign the correct number of CPE credits. Participants will be asked to document their time of arrival and departure in compliance with this Rule. Additionally, attendance will be monitored throughout the day and CPE certificates will reflect actual attendance of each participant.

If you are making travel plans to come to Austin, we recommend making "refundable" air and hotel reservations or waiting until 14 days before the class to actually book your reservations. Courses are occasionally canceled or rescheduled due to low enrollment. We determine whether a course has enough participants 16 days prior to the course date. If we cancel or reschedule, we will email the participant and his or her billing contact no later than 14 days before the original class date.

Vending machines with Coca-Cola products and various snack items are available. There is also a refrigerator and microwave in our coffee bar area. Feel free to bring in your own drinks and food if you prefer.

You might want to bring a light sweater or jacket, as room temperatures vary.

To see answers to our Frequently Asked Questions, visit

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