The Development Center for Finance (DCF) successfully conducted its Financial Statement Analysis client seminar for Bankers of the Development Bank of the Philippines (DBP) this November 7, 8, 9, 10, 14, 15, 16, and 17, 2022. HyFlex learning was used.

Sir Diogenes Dy kicked off the seminar. Together with expectations setting, participants were given a roadmap on the entire Financial Statement Analysis seminar in Days 1 and 2. Afterwards, the asset and liability components of the statement of financial position were tackled, which was then reinforced through illustrative examples and discussions of real-life applications.

Days 3 and 4 were followed through by Ma’am Pamela Lloren-Alcantara. Picking up on the previous sessions, she discussed the equity section of the balance sheet and afterwards, the income statement and the cash flow statement. Illustrative exercises and corporate highlights were used to demonstrate how the various financial statements are prepared and how they are related to one another.

Financial statement analysis techniques were then taught by Sir Lester Aratea on Days 5 and 6. Being the meat of the seminar, the calculations and interpretations of financial ratios, specifically profitability, efficiency, liquidity, solvency, and cash flow ratios, were discussed. These were then applied to an actual subject company using its audited financial statements. Aside from quantitative analysis, qualitative analysis of financial statements was also covered.

On Days 7 and 8, Dr. Art Cayanan provided a comprehensive review of the past sessions prior to continuing with the discussion of financial statement analysis techniques, namely the common-size, trend, and break-even analyses. Under his guidance, the seminar was concluded with the participants utilizing all their learnings through case analyses on Philippine listed companies.

Some of the feedback from the participants about the 8-day seminar were as follows:

“Sir Don delivered the topics very well. Training is informative, comprehensive, and useful to our job as account officers. Thank you also for the lively session. Keep up the good work!”

“The discussion of Ma’am Pam is easy and smooth. Kudos to our instructors. Learned a lot!”

“Sir Lester explains the topics in the most basic and efficient ways. Excellent example was used and explained. The lecturer’s teaching is well organized and explains the topic one by one. He lectured very well and speaks clearly.”

“Dr. Art is expert at this craft, he was able to relay to us his first-hand experiences in FS analysis and guide us how to make better decisions in evaluating FS and financial ratios.”