Analyzing the financial statements of public companies can be tricky. Adjusting financial statements for information in the notes can result in dramatic changes in the apparent financial health of a company. This program covers several specific examples of items to look for in the notes, and how to make the adjustments and then evaluate the resulting impact. We also cover anomalies frequently found in internally prepared financial statements that can distort analysis. As always, our presentation format results in lively audience participation and more examples of ‘things to watch for’ when analyzing financial statements.