David S. Cohen, Esq., Exit Strategy Management LLC, Holliston, Mass.
Lynnette A. Shidner, AICPA, Gish, Seiden, Kline & Co. LLP, Encino, Calif.

      Using case studies, analyze actual financial statements and the resulting key financial ratios to understand and examine their impact on building shareholder value; discuss financial statements and the resulting ratios from a valuation perspective; and review various performance, liquidity, and leverage ratios and how to benchmark these against industry information.

Learning objectives:

• Review the key financial ratios that drive value in an architecture firm
• Explain how key financial ratios directly and indirectly impact shareholder value, and identify the specific causes driving these ratios
• Demonstrate the importance of the relationship among performance, liquidity, and leverage ratios.