Purchasing for others?
Presenter: Richard Hamm, Advantage Consulting and Training
This 90-minute program will be presented live on: Pre-recorded
Recording available through: May 14, 2023
Many business and commercial lenders, plus credit analysts and portfolio managers, work primarily from company-prepared financial statements, along with business tax returns. One of the key issues in analyzing these documents is identifying the method of accounting being used. Much like two different, foreign languages can take the same text and render it into two different-looking documents, each method of accounting takes the same financial transactions and puts them together into two different-looking financial statements. Do you know the key differences in how cash and accrual method accounting handle these financial transactions? Kcan you “translate” between the two methods? Do you know which method your borrower is using?
This program provides a refresher for the key issues in determining which method of accounting is being used, and what it means for the analysis process. We also cover how and why either method is appropriate for some businesses. It’s not a matter of which one is “best,” it’s a matter of “fit.”
Attendees will learn to:
Target Audience: Credit analysts, portfolio managers, assistant relationship managers, community bankers, small business lenders, commercial lenders, consumer lenders, branch managers that lend to business owners, private bankers, special assets officers, loan review specialists and others involved in business and commercial lending