On-Demand

2 CPE

Behind the Curtain: Exploring IRS Audit Technique Guides

On-Demand
2 CPE

Have you ever considered a tax audit from the perspective of an IRS examiner? This session explains how you can use IRS Audit Technique Guides (ATGs) to enhance tax compliance. You will obtain a glimpse of the audit process from the viewpoint of an IRS agent as we explore insights that the IRS provides to its own examiners.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives

  • Utilize vertical analysis by converting each financial statement line item into a percentage of a base figure, facilitating effective comparisons across different companies and identifying significant financial trends.
  • Calculate horizontal analysis for review of financial data over multiple periods, to identify notable changes and trends that reflect a company's growth and performance trajectory.
  • Calculate and interpret key financial ratios, assessing aspects such as profitability, liquidity, and solvency. Gain insights into management performance and business viability, leveraging this analysis to make informed decisions based on real-world financial data

Major Topics

  • Overview of financial statement analysis
  • The impact of GAAP on financial analysis
  • Overview of the Balance Sheet
  • Overview of the Income Statement
  • The importance of the Statement of Cash Flows
  • Common Size Analysis
  • Trend Analysis
  • Profitability Ratio Analysis
  • Liquidity Ratio Analysis
  • >Solvency Ratio Analysis

CPE Credits Available

2 CPE
2
Finance

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Accounting & Auditing
  • Practitioners
  • Practitioner

Prerequisites

None

Advanced Preparation

None

Intended Audience

Finance and accounting professionals interested in financial analysis

Provider

CPA Crossings

Purchase This Course

  • MACPA Member

    $ 89 89
    Join

  • MACPA Non-Member

    $ 110 110
    Your Price

Please login to register.