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FINANCIAL MARKET COURSES

Credit Analysis – An Introduction

This course introduces the concept of credit analysis and sets out the details of a structured approach that will help credit analysts and other interest parties to extract meaningful information from the key sources of financial data and information – the balance sheet, the income statement, and the statement of cash flows.

  • OBJECTIVES

    On completion of this course, you will be able to:

    Define the process of credit analysis and recognize what it is used for

    Identify the basic structure of the main financial statements and how they interact with each other

    Recognize some of the potential issues and pitfalls associated with the use of financial statements, including differing international accounting standards and the flexibility afforded to company accounting policies

  • COURSE OUTLINE

    Topic 1: Overview of Credit Analysis

    What Is Credit Analysis?

    Who Undertakes Credit Analysis?

    o Banks

    o Corporates

    o Insurance Companies

    o Funds

    o Ratings Agencies

    Credit Analysis – Art or Science?

    Using Outputs

    Outsourcing Credit Analysis

    o Rating Agencies

    o Dun & Bradstreet

    Topic 2: Basics of Financial Statements

    Main Financial Statements

    Linkages Between Financial Statements

    The Balance Sheet

    o What Does the Balance Sheet Structure Tell Us?

    The Income Statement

    The Statement of Cash Flows

    Topic 3: Using Financial Statements

    Issues When Using Financial Statements

    International Accounting Standards

    Company Accounting Policies

    o Revenue Recognition

    o Asset Valuation

    o Depreciation

    • Impact of Depreciation

    Other Ways & Means of Manipulating Financial Statements

    o Provisions & Accruals

    o Off-Balance Sheets Items

    o Special Purpose Vehicles (SPVs)

    o Inter-Company Activities

    Auditors & Audit Opinions

    o The Value of Auditors

  • PREREQUISITE KNOWLEDGE

  • ESTIMATED COMPLETED TIME

    60 Minutes

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