ACE Credit Recommendation Reference Number: CFTA-0002 (CFT Course Code: A199)
Course Prerequisite Info: Students are REQUIRED to take Accounting or Financial Accounting prior to taking the Analyzing Financial Statements course.
Course Description:
A practical introduction to financial analysis from the viewpoint of the commercial credit analyst and commercial loan officer, the Analyzing Financial Statements course gives you the skills you need to effectively assess a commercial borrower’s ability to repay loans. After successfully completing this course, you will be able to: identify the reasons why businesses need to borrow; how to structure a commercial loan properly; define the legal structures available to a business; analyze income statements, balance sheets, cash budgets, pro forma statements, and personal financial statements; calculate key financial ratios and use them to compare a company’s performance with that of the company’s industry; Identify and construct cash flow statements and analysis; develop a global cash flow and global debt service coverage for a business.
Chapter topics include:
- Business Sectors and Operating Cycles
- Business Legal Structures and Life Cycles
- How Business Financial Statements are Constructed
- Income Statement Analysis
- Ratio Analysis
- Cash Flow Analysis
- Cash Budgets and Pro Forma Statements
- Personal Tax Returns and Cash Flow
- Combining Business and Personal Cash Flow into Global Cash Flow
Time to Complete: You have the flexibility to complete the course within a timeframe of up to 13 weeks, but you’re encouraged to work at your own pace and finish sooner if you prefer. FlexLearn, the perfect solution!
Audience: Designed for commercial loan officers, credit analysts and trainees who have a basic knowledge of accounting principles and practices and a familiarity with the commercial lending process.
Diploma and Certificate Applications:
- Advanced Financial Services Diploma
- Introduction to Credit Analysis Certificate
- Introduction to Lending Certificate
- Commercial Lending Diploma
- Agricultural Lending Diploma
eBook access included in tuition
Why ebook? Ebooks offer numerous benefits! They empower you to create flashcards instantly, allowing you to reinforce your understanding of challenging sections. Ebooks facilitate active engagement by enabling you to highlight important passages effortlessly. Plus, they automatically bookmark your progress, ensuring you never lose track of where you left off. One standout feature of ebooks is their read-aloud functionality. Whether you’re on a long commute or simply need a break from reading, this feature allows the book to be narrated to you, providing a convenient alternative to traditional reading.
Ebooks offer many benefits that cater to diverse reading preferences and lifestyles, and as an added benefit, Ebooks are available on any device!
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Instructor
Jeff Smith
Jeff has been the Chief Lending Officer at Freedom Credit Union in Springfield, MA since 2013 and is in charge of managing the Commercial, Mortgage, and Consumer Lending portfolios, as well as the Col... read more.