A banker’s understanding of accounting fundamentals is essential to the application of sound financial statement and credit analysis. Accounting is the language employed to communicate financial information. It is the process of identifying and measuring economic events, then classifying, recording, and summarizing the measurements and reporting the information to permit judgments and decisions by the users. Bankers rely on this accountant-prepared information to make such decisions.
What You’ll Learn
- The Influential Organizations Related to the Accounting Industry
- Underlying Assumptions Used by Accountants
- Rules of Debits and Credits
- Construction of the Balance Sheet, Income Statement, Reconciliation of Net Worth, and the Statement of Cash Flow
- The Relationship Between the Income Statement and the Balance Sheet to Gain a Better Understanding of the Logic in Calculating Credit Ratios and Cash Flow
- Difference Between Accrual and Cash Basis Accounting
Who Should Attend
Commercial Lenders, Consumer Lenders, Branch Managers, Credit Analysts, Loan Review Officers, Credit Officers and Directors requiring a better understanding of financial statements.