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The session will begin with analyzing the four financial statements — Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. This will include Revenue and Expense Recognition, FIFO, LIFO, and Average Inventory Costing Models, Operating Expenses (Repairs) versus Improvements, Depreciation including Straight-Line, Units-of-Production, and Double-Declining Balance, Amortization, and Depletion.

The seminar will also explore Accounts Receivable assessment, Allowance for Doubtful Accounts, Intangible Assets, Accounts Payable assessment, Capital and Operating Leases, and analysis of the Equity Section of the Balance Sheet including Partners’ Capital Accounts, Common and Preferred Stock, Treasury Stock, Stock Splits, and Retained Earnings.

Additionally, the types or levels of financial statements will be highlighted including Company-Prepared, Compiled, Reviewed, and Audit. The Audited Financial Statements will include “Unqualified, Qualified, Adverse, and Disclaimer.”

The participant will then be introduced to a “five-part” Financial Statement Analysis Model which will include the Liquidity, Activity, Leverage, Operating Performance, and Cash Flow.

The Cash Flow section will include the business “traditional” EBITDA cash flow and personal cash flow of the “business owner” (using the 1040 tax return, including tax schedules and K-1s, and the personal financial statement). Additionally, the Global Cash Flow or combined “business & personal” cash flow model will be displayed along with Sensitivity Cash Flow Analysis.

The related topics of the Z-Score (bankruptcy predictor) and the Sustainable Growth models will be reviewed.

Two case studies will be used to illustrate the “five-part” analysis model and the “correct” interpretation of the financial statements.

What You’ll Learn

  • Analyze the four financial statements including Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows
  • Income Statement issues including Revenue Recognition, Inventory Costing, and Depreciation
  • Balance Sheet accounts including Accounts Receivable, Allowance for Doubtful Accounts, Accounts Payable, and the Equity Section
  • Financial statement reporting including Company-Prepared, Compiled, Reviewed, and Audit
  • Five-part analysis model including Liquidity, Activity, Leverage, Operating Performance, and Cash Flow
  • EBITDA, personal (business owner), Global, and Sensitivity Cash Flow analyses
  • Z-score (bankruptcy predictor) and Sustainable Growths models
  • Seminar concepts through Case Studies

Who Should Attend
Commercial lenders, credit analysts, relationship managers

Instructor Bio
David L. Osburn, MBA, CCRA, is the founder of Osburn & Associates, LLC, a Business Training & Contract CFO Firm that provides seminars, webinars, and keynote speeches for bankers, CPAs, credit managers, attorneys, and business owners.

His extensive professional background of over 30 years includes 20 years as a Business Trainer/ Contract CFO and 16 years as a bank commercial lender including the position of Vice President/Senior Banking Officer. Mr. Osburn has also been an adjunct college professor for over 30 years including College of Southern Nevada.

Registration Options

Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts $279

  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + CD + $140
    • Additional Live Access + $75 per person

The WBA Commercial Lending School will be held October 12–14, 2022 at the Wisconsin Bankers Association office in Madison. Classes will begin at 9:00 a.m. on Wednesday and conclude at 2:45 p.m. on Friday.

This school was developed as an advanced-level program, assuming participants have work experience and prior training in commercial lending and/or financial statement analysis. Case studies, in-class work, instructor-led discussions, and facilitation are all elements of this school with an emphasis on cash flow, financial analysis, and structure.

Curriculum topics include:

  • Review of foundational concepts and types of business
  • Risk Concepts
  • Advanced Concepts in Analyzing Financial Statements
  • Loan Structure & Support
  • Responsible CRE Lending
  • Effective Relationship Management
  • Projecting Future Performance
  • Establishing Credit Discipline
  • Identifying and Managing Problem Loans

School Requirements: Successful completion of the school will be based on class attendance and participation in group case study work and group discussions.

Registration Information: The student fee of $895 includes program registration, materials, and daily lunch and refreshment breaks.

Topics in analyzing source documents, recording business transactions in a journal and posting entries in a ledger. How to prepare a trial balance, gather adjustment data and complete a worksheet are covered, as well as how to prepare financial statements and post-closing entries.

This course is the recommended prerequisite for Analyzing Financial Statements.

The required textbook for this course is College Accounting, 13th Edition.

IMPORTANT:  Be sure to order the required book for this course.  We recommend that you FIRST select and add your course session to the shopping cart, then select your preferred format of book from the “Recommended Training” options that appear alongside the shopping cart.

A practical introduction to financial statement analysis from the perspective of the commercial loan officer. Gain the skills needed to effectively assess the risks related to a customer — current and prospective — and evaluate possible sources of repayment for the loan.

Recommended Prerequisite: General Accounting.

The required textbook for this course is Analyzing Financial Statements, 8th Edition.

IMPORTANT:  Be sure to order the required book for this course.  We recommend that you FIRST select and add your course session to the shopping cart, then select your preferred format of book from the “Recommended Training” options that appear alongside the shopping cart.

Topics in analyzing source documents, recording business transactions in a journal and posting entries in a ledger. How to prepare a trial balance, gather adjustment data and complete a worksheet are covered, as well as how to prepare financial statements and post-closing entries.

This course is the recommended prerequisite for Analyzing Financial Statements.

Audience: Bank personnel at any level with little or no accounting background

The required textbook for this course is College Accounting, 13th Edition.

IMPORTANT:  Be sure to order the required book for this course.  We recommend that you FIRST select and add your course session to the shopping cart, then select your preferred format of book from the “Recommended Training” options that appear alongside the shopping cart

Price: $471

Topics in analyzing source documents, recording business transactions in a journal and posting entries in a ledger. How to prepare a trial balance, gather adjustment data and complete a worksheet are covered, as well as how to prepare financial statements and post-closing entries.

This course is the recommended prerequisite for Analyzing Financial Statements.

Audience: Bank personnel at any level with little or no accounting background

The required textbook for this course is College Accounting, 13th Edition.

IMPORTANT:  Be sure to order the required book for this course.  We recommend that you FIRST select and add your course session to the shopping cart, then select your preferred format of book from the “Recommended Training” options that appear alongside the shopping cart

Price: $471

Topics in analyzing source documents, recording business transactions in a journal and posting entries in a ledger. How to prepare a trial balance, gather adjustment data and complete a worksheet are covered, as well as how to prepare financial statements and post-closing entries.

This course is the recommended prerequisite for Analyzing Financial Statements.

The required textbook for this course is College Accounting, 13th Edition.

IMPORTANT:  Be sure to order the required book for this course.  We recommend that you FIRST select and add your course session to the shopping cart, then select your preferred format of book from the “Recommended Training” options that appear alongside the shopping cart.

Price: $471

A practical introduction to financial statement analysis from the perspective of the commercial loan officer. Gain the skills needed to effectively assess the risks related to a customer — current and prospective — and evaluate possible sources of repayment for the loan.

Recommended Prerequisite: General Accounting.

Audience: Commercial and/or business bankers and credit analysts

The required textbook for this course is Analyzing Financial Statements, 8th Edition.

IMPORTANT:  Be sure to order the required book for this course.  We recommend that you FIRST select and add your course session to the shopping cart, then select your preferred format of book from the “Recommended Training” options that appear alongside the shopping cart.

Cost: $455

A practical introduction to financial statement analysis from the perspective of the commercial loan officer. Gain the skills needed to effectively assess the risks related to a customer — current and prospective — and evaluate possible sources of repayment for the loan.

Recommended Prerequisite: General Accounting.

Audience: Commercial and/or business bankers and credit analysts

The required textbook for this course is Analyzing Financial Statements, 8th Edition.

IMPORTANT:  Be sure to order the required book for this course.  We recommend that you FIRST select and add your course session to the shopping cart, then select your preferred format of book from the “Recommended Training” options that appear alongside the shopping cart.

Cost: $455

Topics in analyzing source documents, recording business transactions in a journal and posting entries in a ledger. How to prepare a trial balance, gather adjustment data and complete a worksheet are covered, as well as how to prepare financial statements and post-closing entries.

This course is the recommended prerequisite for Analyzing Financial Statements.

The required textbook for this course is College Accounting, 13th Edition.

IMPORTANT:  Be sure to order the required book for this course.  We recommend that you FIRST select and add your course session to the shopping cart, then select your preferred format of book from the “Recommended Training” options that appear alongside the shopping cart.

Price: $471