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.
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.
Major Topics:
• Uses of a Quality of Earnings Report • Information needed to prepare the report • Overlapping enterprise valuation concepts • Various adjustments to "as reported" EBITDA
Major Topics:
• Uses of a Quality of Earnings Report • Information needed to prepare the report • Overlapping enterprise valuation concepts • Various adjustments to "as reported" EBITDA
Designed For:
CPAs, corporate accountants and M&A professionals
Prerequisites:
None