Course Overview

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.

     

Duration

15-35 hours

Delivery

Self-Study (Paper-Based)

Program Level

Foundational

 

Prerequisites

None.

 

 

Who Will Benefit?

Financial professionals who are starting formal credit training.

   

Learning Objectives

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.

Methodology:

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.