Management’s guide on how to really read FS

MANILA, Philippines – While many can read financial statements, only very few can correctly interpret and analyze the numbers to make the right decisions in board and management meetings.  To help master financial statements, the Center for Global Best Practices (www.cgbp.org) will run a seminar titled “How to Really Read Financial Statements for Board Directors and Decision-Makers”, on June 16 and 17 at the EDSA Shangri-La Manila in  Mandaluyong City.

This program is designed for non-finance decision-makers who make use of financial statements. The goal is to help business owners, board directors and management make sense of the annual reports, income statement, balance sheet and statement of cash flows. Spot critical issues and ask smart questions that business owners and management need to know.  Find out what is right, what is wrong, and what is fishy in the financial reports.  Become more effective in decisions if you understand the numbers and the meaning behind those numbers. Most importantly, improving financial literacy will ensure you are being dealt with fairly and squarely by accountants and finance professionals – ensuring you are not being taken for a ride.

In this two-day program, also learn to interpret the external auditors’ opinion as well as the footnotes and disclosures in annual reports. The skills you will learn will be very useful in investment decisions for your company and even in choosing stocks in the capital markets. This special program will feature Jonathan Ravelas, chief market strategist of BDO.  His valuable insights and analysis on the financial performance of companies and the equities market are well sought after with his commentaries appearing in various publications and TV shows. This will also feature Mary Jane O. Rosales, CPA, CIA, former president of The Institute of Internal Auditors in the Philippines (2008). She has a mastery of finance, having spent most of her career handling controllership and risk management functions in Petron Corp.

For more details and pioneering seminars, check www.cgbp.org or call (02) 556-8968/ 69 in Manila; Cebu lines (032) 512-3106/ 07 or Baguio at (074) 4235148.