VMAE/VHMA Webinar - Financial Statements 101
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 Export to Your Calendar 6/27/2018
When: Wednesday, June 27, 2018
1:00 pm to 2:00 pm ET
Where: United States
Contact: Peggy O'Brien, MS, SPHR, CMP
518-433-8911 x2

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This program is brought to you through a strategic partnership between the Veterinary Hospital Managers Association (VHMA), the, Veterinary Medical Association Executives (VMAE) and your State Veterinary Medical Association (VMA).

 

 

 

Financial Statements 101

 

Balance sheets. Income statements. Statements of cash flows. Disclosures.


Financial statements can seem overwhelming. And, after all, isn’t that why you hired an accountant?

Going beyond the basics of financial statements, this session will get to the heart of the matter – why a fundamental understanding of financial statements will help you ensure your hospital’s well-being.

Topics covered will include:

  • Which method of accounting to use
  • Valuable ways to read financials
  • Frequency with which financials should be reviewed
  • Using financial statement ratios to assess liquidity, leverage, EBITDA and more
  • How to use financials as a measure of progress toward goals

The session will also give helpful tips on what to look for when hiring an accountant and/or a CPA.

Learning Objectives:

  1. Understand differences between accounting methods.
  2. Learn how to read financials.
  3. Utilize financials as a measure of progress toward practice goals.

Guest presenter: Terence M. O'Neil, CPA, CVA

Terry O’Neil is the partner-in-charge of Katz, Sapper & Miller’s Veterinary Services Group. Terry provides veterinary hospitals with business, financial, and tax advice to assist with the growth and management of their businesses. He aids clients with tax and strategic planning, forecasting, budgeting, mergers and acquisitions and/or sales of businesses, debt structuring, employment incentive contracts, financing, business valuations, buy-sell agreements, and other business and accounting services. In addition, Terry is responsible for the preparation and review of financial statements and tax returns. Terry often speaks at conferences regarding profit improvement, veterinary business valuation, succession planning, financial benchmarking, and other business topics. Terry was previously the CFO for a group of eight veterinary medical practices and was a stakeholder in the business. He was also a regional financial analyst for a national veterinary medical practice. Terry is responsible for the management of the Veterinary Study Groups’ database of veterinary hospital financial data for over 400 hospitals across the country. Leading this database allows Terry to identify trends and opportunities.    

  

Cost: Free


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