My personal favorite of the three statements.
DIY when you have the income statement and balance sheet
Five sources of cash flow (and which we want to see)
If they are making money, where is it going?
If they are losing money, how are they covering the shortfall?
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Module length: 18 minutes. Add 10 extra minutes for note-taking and exercises.
Yes, it should balance. What else?
Three characteristics of the Balance Sheet
The difference between personal and business
Three types of “value” and which the balance sheet shows
What do they mean by that term?)
Go to Financial Statement Analysis | Balance Sheet Basics Module
Revenue – Expenses = Profits. What else?
How the income statement and balance sheet fit together
Nuances of the income statement equation
Terminology. “Which gross is gross” and other questions.
Three ways a business can increase profits
Go to Income Statement Basics Module
Covering Seven Types of Entities
Advantages and disadvantages of each
Forms filed and which of them have choices
Risk exposure of owners and how that mitigates lender risk
How owners get paid (you might be surprised)
Go to Types of Entities Module
An accounting difference that makes a difference
What is the difference between cash and accrual basis?
How does it impact your impression of the business?
Where do you look to see which they are using?
Which is best for the business?
Go to Cash vs Accrual Basis
What lenders are saying
I’ve learned how to better interpret the numbers I see on tax returns, beyond just putting a number on a form. I feel more confident asking borrowers questions to get a better picture. Linda takes a complex subject, brings it to life and makes it interesting.
, Assistant Manager, Loan Center
Unitus Community CU
I will definitely recommend your training. I started with the self-study manuals. The modules were very detailed and provided assistance that makes self-study easier. I am glad that I have the manuals to continue my learning.
, MidSouth Bank
The part I like about virtual rather than in person is with most of the modules you can work at your own pace. Some of the modules were very basic for those that have been lending for awhile so it was easy to move quickly through and then focus on the cases that were more difficult or had maybe been forgotten over the years.
, Commercial BankerBank of Eastern Oregon
Taking the Financial Statement modules has been a wonderful refresher for me. It’s great to work at my own pace since the course allows you to stop, review, and go back over items you may not have understood the first time around. A very helpful feature!
, Pacific Western Bank
The module lengths are good; any longer and I might get discouraged. Some are very easy for me, some not (they make me pay attention). I prefer it to live training. My schedule is tight and I can manage this better. Well done!
, Armstrong Bank
The presentation flowed extremely well. It was very informative but not boring. Short, to the point and sweet.
, Venture West Funding
Linda’s courses are easy to understand. Through her unique presentation, she captures the essence of credit analysis and makes it come to life with meaning and comprehension.
, First National Bank of Tennessee