VMA Finance Accounting Division
2019 VMA Finance Division Series
This three-part series of seminars is designed for non-financial personnel in a manufacturing organization to gain an understanding of the financial statements.
Dates: June 19, July 18, August 15
Topics will include the balance sheet, statement of income and loss, cash flows,
working capital, capital expenditures, inventory costing, customer and vendor terms, EBITDA and the impact of management’s decisions on the organization’s ability to generate a profit.
This series is intended for attendees to have time to process the information presented in each section. Each section builds on the other, however, attendees can attend all or the section that is of most interest. You must register for each session.
June 19: Understanding Basic Financial Statements. The first section will focus on gaining an understanding of the basic financial statements including the balance sheet, income statement, statement of cash flows, working capital and other financial measurements.
July 18: Inventory Costing. In the second section, we’ll discuss inventory costing, valuation, quantities, obsolescence and the impact on the balance sheet and income statement.
August 15: Inventory Costing (con’t). Finally, the third section will complete the inventory discussion topics and focus on cash flows, working capital, impact of customer and vendor terms and allow for Q&A time.
Understanding Basic Financial Statements
Date: June 19, 2019
Time: 7:45 – 10:00 AM
Location: ERAU, 600 Clyde Morris Blvd., Daytona Beach, College of Business Bldg. #321, Room 119
RSVP by Noon June 17th.
Speaker: Mike Sibley, CPA, Partner, James Moore CPA’s
About the Program:
The first section will focus on gaining an understanding of the basic financial statements including the balance sheet, income statement, statement of cash flows, working capital and other financial measurements.
About the Speaker:
Mike has 21 years of experience as a certified public accountant and is the partner-in-charge of the firm’s Daytona Beach office. He has served organizations representing various industries, including manufacturing, construction and other commercial and professional enterprises, as well as governmental entities.
Mike serves as an integral member of the firm’s Accounting and Auditing Team, with an emphasis on audit and tax services. He provides services requiring complex tax and consulting strategies such as R&D credits, Interest Charge Domestic International Sales Corporation (IC-DISC), inventory costing, developing overhead pools, and retirement planning.
As a Certified Black Belt in Lean Six Sigma, Mike also leads the firm’s efforts to provide Lean Six Sigma services for clients representing the government, university, construction, manufacturing, and professional services industries. He also leads the implementation of Lean Six Sigma practices within the firm to increase efficiency with our auditing process. Additionally, Mike has served as an expert witness in fraud cases and provides consulting services to attorneys throughout the state. He is a member of the State of Florida Peer Review Committee and serves on the board of the Volusia Manufacturers Association.