This course reviews accrual accounting from a lender's prospective with a focus on cash flow. Topics include a review of the fundamentals, specific accounting topics such as inventory evaluation, reserves and allowances, deferred taxes, and the technique and logic behind the construction of a cash flow statement.

Objectives

The objective of the course is to improve the course participant's understanding of the accounting system and the relationship of accrual accounting to cash flow. By the end of the course, participants will be able to:

• Analyze and journalize transactions
• Make adjusting entries
• Prepare trial balances
• Prepare financial statement
• Analyze the cash impact of transactions
• Construct a direct cash flow statement

This course is targeted toward lenders or financial analysts with little or no formal training in accounting who want to improve their analytical skills by improving their understanding of accrual accounting. Participants will be required to complete and submit pre-course work prior to attending this course.