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90-minute live streaming program
  • October 4
  • 1:00 - 2:30 pm EST

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Income Statement Analysis for Banking and Financial Professionals

October 4

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.

Learning Objectives

  • You will be able to review the major accounts on the income statement to determine what they represent and how they are created.
  • You will be able to identify the key ratios required to analyze the strength of the income statement and their ability to produce net income.
  • You will be able to recognize the external factors that influence the accounts on the income statement.
  • You will be able to discuss the various types of income statements to match the various types of business operations.

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Why Lorman?

Over 32 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 32 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 Webinar

This course was last revised on November 20, 2017.

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

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

Live Webinar Registration

  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. 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, Inc. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CT CLE 1.5
     
  • 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: 1.5 CLE credit(s).
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • MT CLE 1.5
     
  • This program has been approved by the Montana Commission of Continuing Legal Education for a total of 1.5 CLE credits.
     
  • NH MCLE 1.5
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 90 Minutes.
     
  • NJ CLE 1.8
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.8 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • 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.
     
  • TN CLE 1.5
     
  • This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.5 hours of credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of Law & Legal Procedure credit.
     
  • WI CLE 1.5
     
  • This program has been approved by the Board of Bar Examiners for 1.5 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 1.8
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.8 MCLE hours.
     
  • CPE 1.8 including Specialized Knowledge 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.8 hours. Prerequisite: basic knowledge of the banking industry. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

Who should attend?

This live webinar is designed for presidents, vice presidents, loan officers, loan department personnel, branch managers, credit and collections managers, credit analysts, compliance professionals and attorneys.

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Why Lorman?

Over 32 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 32 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.

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Product ID: 406935
Published 2017, 2019
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