Understanding accounting fundamentals is essential to sound analysis of financial statements and credit. Learn about the flow of accounting from identifying economic events and how they're reported in financial statements.
See how the Balance Sheet, Income Statement, Reconciliation of Net Worth, and Cash Flow Statement are developed and connected to each other. We'll approach the credit analysis process from a banker's perspective, using case studies.
- Underlying Assumptions Used by Accountants
- Rules of Debits and Credits
- Construction of the Balance Sheet, Income Statement, Reconciliation of Net Worth and the Statement of Cash Flow
- Difference between Accrual and Cash Basis Accounting
- Analysis of Accounts often used as Collateral such as:
- Accounts Receivable (Aging Schedules, Allowance Calculations, etc)
- Inventory (Effect of LIFO, FIFO and Average Cost Costing Methods)
- Fixed Assets (Effect of varying Depreciation Methods)
- Analysis of Notes to Financial Statements
- Types of Financial Statements and meaning of CPA Opinions
After completing this course, you'll understand:
- How financial statements are constructed
- How financial statements are connected
- Accounting used for major collateral accounts
- How to apply the concepts to credit analysis
Who Should Attend?
Commercial Lenders, Consumer Lenders, Branch Managers, Credit Analysts, Loan Review Officers, Credit Officers and Directors requiring a better understanding of financial statements.
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