Preparing Quality of Earnings Analysis 2024
3.00 Credits
Member Price $129
Non-Member Price $169
Overview
This course is designed to introduce the Quality of Earnings report and analysis concept. You’ll understand the parties interested in this kind of report, what it is used for, how and when it is prepared, and some of the basic concepts that underlie a Quality of Earnings report. We’ll discuss the format and contents of the report, including “as reported” EBITDA, adjusted EBITDA, seller add-backs, out of period adjustments and non-recurring income and expense items. The class will include a comprehensive example illustrating these concepts.
Highlights
- Uses of a Quality of Earnings Report
- Information needed to prepare the report
- Overlapping enterprise valuation concepts
- Various adjustments to "as reported" EBITDA
Prerequisites
None
Designed For
CPAs, corporate accountants and M&A professionals
Objectives
- Recognize nuances including techniques for obtaining reliable information and measuring synergies.
- Determine how to confidently read a Quality of Earnings Report.
- Identify how to advise clients about basic concepts.
Preparation
None
Leader(s):
Leader Bios
Nancy Rix
Nancy Rix is a partner at Dickerson Rix & Company, LLP, a full-service audit and tax firm in San Diego. A former senior manager at Ernst & Young and PWC, Nancy works with clients in a variety of industries, including distribution, health care, manufacturing, and non-profit. Nancy is a CPA, has an MBA from the University of Chicago, is a member of the AICPA and the California Society of Certified Public Accountants, is a member of the CalCPA state AP&AS committee, and is a speaker on various A&A topics, including revenue recognition.
Non-Member Price $169
Member Price $129