To evaluate the creditworthiness of individuals, credit analysts may use any of several primary sources of information, depending on the amount of credit sought and whether a consumer or commercial transaction is involved. In the commercial credit context, personal financial statements, income tax returns, and credit agency reports each have a role. This course will discuss loan applications, income tax returns and credit reports, but will focus on personal financial statements, since bankers intuitively look to this source of information first and foremost in establishing financial capacity. The discussion of the individual creditworthiness will cover the following topics:
Uses of a personal financial statement based on information in statements, reliability of information, and lender liability warnings
Standards for preparing personal financial statements
Assets including cash, investments accounts, notes, contracts receivable, cash surrender value of life insurance, real estate, motor vehicles, personal property, and other assets
Liabilities including loans, notes, and contracts payable
Net worth including discretionary adjustments, statement of changes, income and expense, contingent liabilities, life insurance, and protection from false information
Changes in circumstances
Income tax returns
Overview
Assets
Liabilities
Net Worth
Other Issues
Review Quiz
Course Evaluation
Credit analysts, lenders, risk managers, credit officers, portfolio managers and persons responsible for loan quality or review and those evaluating or regulating credit decisions would benefit from this course. Other financial professions seeking education in preserving quality lending and fully understanding and evaluating the loan underwriting process would also benefit from the training.
$799.00
Commercial Credit Analysis Certification
