Financial Accounting is a self-study course equivalent to a college-level course in accounting. By focusing on understanding the concepts of net income and cash flow, the participant learns accounting fundamentals — skills critical to effective credit analysis. This course introduces the fundamental concepts and logic underlying the reporting of financial information.
Who Will Benefit?
Financial professionals who are starting formal credit training.
Upon completion of this course, learners will be able to:
- Apply basic accounting concepts to be able to interpret customers' financial statements.
- Understand the basics of cash flow—the critical element in determining ability to repay.
- Analyze income statements and balance sheets within the context of a commercial lending environment.
- Improve communications with customers, accountants, and other internal credit staff.
- Analyze loans faster.
Financial Accounting contains six units. The course contains practice exercises throughout each section of the course with a series of problems for users to work through at the end of each unit. The problems at the end of each unit are generally more difficult than the exercises; they require participants to apply the concepts developed in each unit in a manner similar to that which will be used in analysis.