Analyzing Business Financial Statements and Tax Returns


An analysis of business financial statements and tax returns, including cash flow statements.

Learning Objectives:

  • Income Statement Analysis
    • Explain the components of revenue and cost of goods sold
    • Describe operating expenses and net profit analysis
  • Balance Sheet Analysis
    • Identify balance sheet considerations
    • Describe the different types of assets—current, other, and noncurrent
    • Explain the components involved in a liability and equity analysis
  • Ratio Analysis
    • Describe the considerations a lender needs to take into account when using ratios to evaluate financial performance
    • Identify, calculate, and interpret liquidity, financial leverage, profitability, efficiency, and debt coverage ratios
    • Explain how to use industry data when performing a ratio analysis
  • Cash Flow Analysis
    • Identify cash flow statements and reports
    • Describe the two dominant types of cash flow reports—indirect and direct method
    • Explain the direct method for operating activities and the importance of pro forma and cash budgets
  • The UCA Model
    • Compare the formats of the banker-prepared UCA cash flow model and the accountant-prepared statement of cash flows (SCF)
    • Construct a UCA model and interpret the results
    • Explain the advantages of the UCA model
  • Cash Budgets and Pro Forma Statements
    • Provide a description of a cash budget
    • Explain the purpose of a cash budget
    • Describe why a cash budget is a critical tool of financial statement analysis
    • Identify key financial information in the cash budget format
    • Analyze the cash budget to determine the effect on the operating cycle, working capital, and capital expenditures

Related Training: Certificate in Business and Commercial Lending

ABA Certifications: 8.0 CLBB

The New York Bankers Association is a Local ABA Training Provider.

NYBA Professional Development at (212) 297-1679 or
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