RW Advantage - Webinars

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Event Name:Accounting Issues in Commercial Lending - 2-Part Webinar Series
Date:Friday, February 3, 2017 11:00am CST
Presented By:BankersHub
Panelist(s) Info: John Barrickman President New Horizons Financial Group
Credits:3.6 AAP Credits, 3.0 CPE Credits

This is a two part webinar with events Friday February 3, 2017 at 11:00 am and 1:00 pm CT.

An important prerequisite to financial analysis is a basic understanding of the types of financial information provided by borrowers. It is also important to understand the accounting principles governing the preparation and presentation of financial statements. Finally, the lender/analyst must understand the impact the choice of accounting principles used in the presentation of financial statements will have on reported earnings and cash flow.

After completing the webinar series, participants will be able to:

  • Explain basic accounting concepts
  • Understand accounting procedures for recognizing revenue and costs I.e. cash vs accrual accounting
  • Identify the types of financial statements presented by borrowers and
  • Explain the strengths and weaknesses of each including the income tax basis of accounting
  • Define the elements of an income statement and balance sheet
  • Understand accounting for leases including the new treatment effective 12-15- 18 for public companies and 12-15-19 for private companies
  • Understand accounting for fixed assets including capitalization, depreciation methods, Section 179/Special Depreciation and gain/loss on sale
  • Evaluate inventory accounting procedures and inventory costing methods
  • Explain contractor and non-profit accounting
  • Understand how deferred tax assets and liabilities arise
  • Understand accounting for mergers and acquisitions including goodwill and enterprise value
  • Compare the alternative accounting treatments for bad debts
  • Apply the concepts in a case study