Gain an understanding on the fundamentals of how to prepare an income statement analysis for bankers and financial professionals.
Understanding financial statements is paramount to all banking professionals involved in performing credit and cash flow analysis on prospects and existing borrowing customers. This essentially includes all personnel in the Credit Administration Department of financial institutions. This information is intended to introduce and strengthen the knowledge and importance of understanding the financial statements with an emphasis on the Income Statement. We will start by defining the purpose of the Income Statement and will proceed to review each account common to most statements so that you can have a deeper understanding of each their meaning. We will also demonstrate the relationship between the Income Statement and the Balance Sheet and how the Income Statement affects the creation of accounts on the Balance Sheet. This understanding will enhance a banker's ability to interpret the results of ratio analysis and detailed cash flow analysis.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Review the Accounting Revenue Recognition Assumption to Determine When Revenue Is Realized and Realizable According to Generally Accepted Accounting Principles
Learn the Effects of the Cash and Accrual Basis of Accounting on Revenue, Costs and Expenses and the Advantages/Disadvantages of Both Accounting Methods
Review the Major Accounts on the Income Statement to Determine What They Represent and How They Are Created
Determine the Key Ratios Required to Analyzing the Strength of the Income Statement and Their Ability to Produce Net Income
Observe the External Factors That Influences the Accounts on the Income Statement
Demonstrate How the Income Statement Is Utilized to Calculate Cash Flow Utilizing the Uniform Cash Analysis Method
Review the Various Types of Income Statements to Match the Various Types of Business Operations
Illustrate How the Income Statement Is Affected by Various Organization Structures Including Pass-Through Entities and Nonpass-Through Entities in Terms of Taxation
Demonstrate the Ability to Predict Expected Levels of Net Profit Margin Based Upon the Type of Business Being Analyzed and Their Ability to Create Value by the Product or Services Being Provided
Demonstrate How to Convert an Accrual Basis Income Statement Into a Cash Basis Income Statement Which Is Essentially the Purpose of Cash Flow Analysis
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on October 4, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jeffery W. Johnson
Bankers Insight Group
- Partner in the office of Bankers Insight Group
- Practice emphasizes all aspects of commercial & consumer lending & credit analysis
- Conducts regular seminars and workshops on numerous commercial lending bootcamps
- Author of several publications related to the areas of Seven Effective Habits of an Effective Loan Committee
- B.A. degree in finance, Morehouse College, M.B.A. degree, John Carroll University
- Can be contacted at [email protected], [email protected] or 770-689-9449
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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