Skip to Main Content

Cash Flow Analysis I: UCA Fundamentals

Course Overview

RMA’s Cash Flow Analysis I: UCA Fundamentals teaches the fundamentals of constructing and analyzing direct and indirect cash flow statements so that a credit analyst will have clearer insights into how a company generates and uses its cash resources. These insights will enhance the quality and effectiveness of the entire credit decision process.



15 hours


Instructor-Led Online

Program Level







Who Will Benefit?

Credit analysts, loan review personnel, and lenders new to cash flow analysis, as well as other commercial banking professionals who need to understand cash flow and how it helps determine a borrower’s ability to repay loans. It is structured for individuals who are acquainted with financial accounting principles and the basic disciplines of financial analysis.


Learning Objectives

Upon completion of this course, participants will be able to:

  • Evaluate the information from the income statements, the balance sheet, and the notes to these statements.
  • Use this information to judge a company’s financial condition and performance.
  • Construct a UCA cash flow statement.
  • Use the UCA cash flow statement to reveal how the company generated its cash, spent its cash, and invested or financed the difference and then test assumptions on a UCA cash flow projections to diagnose their impact on the borrower’s financial statements.
  • Effectively present the UCA cash flow analysis process and the resulting credit decision either in writing or orally.


To aid the process of learning, participants study the case of Savitt Heavy Construction Equipment (SHCE) throughout the class. Financial statements, memos, and notes for SHCE and background industry materials are included as part of the case materials. This class actively involves participants in large and small group exercises. From the group practice sessions, participants learn how to apply the course content in real-life situations.

Check out all upcoming courses in Ignite.

View Course Catalog