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OnDemand Course

Income Statement Analysis for Banking and Financial Professionals

Gain an understanding on the fundamentals of how to prepare an income statement analysis for bankers and financial professionals.

Understanding financial statements is paramount to all banking professionals involved in performing credit and cash flow analysis on prospects and existing borrowing customers. This essentially includes all personnel in the Credit Administration Department of financial institutions. This information is intended to introduce and strengthen the knowledge and importance of understanding the financial statements with an emphasis on the Income Statement. We will start by defining the purpose of the Income Statement and will proceed to review each account common to most statements so that you can have a deeper understanding of each their meaning. We will also demonstrate the relationship between the Income Statement and the Balance Sheet and how the Income Statement affects the creation of accounts on the Balance Sheet. This understanding will enhance a banker's ability to interpret the results of ratio analysis and detailed cash flow analysis.

89 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Review the Accounting Revenue Recognition Assumption to Determine When Revenue Is Realized and Realizable According to Generally Accepted Accounting Principles

Learn the Effects of the Cash and Accrual Basis of Accounting on Revenue, Costs and Expenses and the Advantages/Disadvantages of Both Accounting Methods

Review the Major Accounts on the Income Statement to Determine What They Represent and How They Are Created

Determine the Key Ratios Required to Analyzing the Strength of the Income Statement and Their Ability to Produce Net Income

Observe the External Factors That Influences the Accounts on the Income Statement

Demonstrate How the Income Statement Is Utilized to Calculate Cash Flow Utilizing the Uniform Cash Analysis Method

Review the Various Types of Income Statements to Match the Various Types of Business Operations

Illustrate How the Income Statement Is Affected by Various Organization Structures Including Pass-Through Entities and Nonpass-Through Entities in Terms of Taxation

Demonstrate the Ability to Predict Expected Levels of Net Profit Margin Based Upon the Type of Business Being Analyzed and Their Ability to Create Value by the Product or Services Being Provided

Demonstrate How to Convert an Accrual Basis Income Statement Into a Cash Basis Income Statement Which Is Essentially the Purpose of Cash Flow Analysis

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on October 4, 2019.

Call 1-866-352-9540 for further credit information.

  • Arizona CLE 1.5
     
  • The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CT CLE 1.0
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
     
  • GA CLE 1.0
     
  • This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
     
  • MO CLE 1.8
     
  • This course qualifies for self-study CLE credit in Missouri.
     
  • RI CLE 1.5
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
     
  • VT CLE 1.5
     
  • This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Jeffery W. Johnson

Jeffery W. Johnson

Bankers Insight Group

  • Partner in the office of Bankers Insight Group
  • Practice emphasizes all aspects of commercial & consumer lending & credit analysis
  • Conducts regular seminars and workshops on numerous commercial lending bootcamps
  • Author of several publications related to the areas of Seven Effective Habits of an Effective Loan Committee
  • B.A. degree in finance, Morehouse College, M.B.A. degree, John Carroll University
  • Can be contacted at [email protected], [email protected] or 770-689-9449
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 406935
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