Description	This course is designed to enable participants to reconstruct a client’s personal cash flow using the tax return, personal financial statement, client interview and other sources as needed. The course also addresses tax vehicles such as partnerships and S Corporations so that the participants can evaluate the financial and credit implications of these vehicles.
Primary Topics	A Comprehensive Framework for Cash Flow Analysis Adjusting Tax Schedules to Cash Flow Pass-through Concepts S Corporation Tax Accounting, Identifying the Cash Flow Information, Evaluating the Adequacy of Distributions, S Corporation Capital Accounts, and Basis Partnership Distributions and Contributions, Capital Accounts, Tax Liabilities, Interpreting K-1’s Using Tax Returns to Verify the Balance Sheet Identifying Information Needs
Learning Objectives	This course enables participants to understand the cash interactions between the client and pass-through vehicles, anticipate future tax liabilities, organize the information from a complicated tax return so that a meaningful conclusion can be reached, and use the tax return analysis to identify information that should be pursued with the client or his advisor.
Target Audience	Private bankers. Commercial lenders who must evaluate the financial strength of guarantors of commercial loans. Commercial real estate lenders who must evaluate the personal financial strength of a general partner or individual who has guaranteed a loan. Workout specialists who may want to understand the financial condition of troubled borrowers.
Delivery	Combination of lecture, case study, games, and group presentations.
Length	Two days. Precourse work assigned.