Description	This five-day seminar will provide junior lenders with the basic concepts, skills and techniques used in analyzing companies for credit extension.
Primary Topics	Financial Performance Measurement: Commonly used ratios, their purpose in credit analysis, adjustments needed, and peer group and other performance benchmarks. Business and Industry Analysis: A framework for understanding business and industry factors effecting financial performance. Cash Flow Analysis and Forecasting: Discretionary and non-discretionary, recurring and non-recurring cash flows, key assumptions affecting ability to generate surplus cash flows to repay debt and introduction to sensitivity analysis. Credit Structure: Common types of bank commercial credit, fundamentals of credit structure including an overview of term, covenants and collateral and basic considerations for their use.
Learning Objectives	Understand the reasoning behind commonly used financial performance measures, considerations in adjusting ratios to better show economic realities and how to use them in a credit context. Systematically analyze the business and industry factors contributing to financial performance. Analyze and critique the assumptions in management's forecasts of company cash flows. Comprehend the fundamentals of bank credit facilities and the elements of credit structures.
Target Audience	Entry level credit trainees and lateral transfers with non-financial experience.
Eligibility	Successful completion of basic financial accounting course or the equivalent knowledge of accounting from work experience.
Delivery	Combination of self-study, lecture, workshop and group presentations.
Length	5-Day seminar with pre-course self-study requiring approximately 30 hours to complete.