Explore
and understand the sources
of information required
to verify all amounts
and values on personal
financial statements;
Understand
the issues and appreciate
the difficulties in assessing
the cash liquidation value
of specific personal assets;
Examine
the critical role income
tax returns can play in
verifying personal financial
statement information
and explore the information
content of Form 1040 and
selected supporting schedules;
Assess
the amount of cash available
to a guarantor over various
time horizons in support
of business debt service;
Examine
the implicit approach
to building personal wealth
suggested by personal
financial statements;
and
Identify
the similarities and differences
between personal and business
financial statements.
Course
Materials
Note on Understanding
and Using Personal Financial
Statements in Assessing
Risk
1999
Financial Statements for
Sandover Contractors,
Inc.
1999
Personal Income Tax Returns
for Douglas McPherson
2001
Financial Statements for
Information Access, Inc.
2001
Personal Income Tax Returns
for Peter Keys
Exercise
Set (downloaded from Shockproof!
Training website)
Online
Review Quizzes
Solution
Set (downloaded from Shockproof!
Training website)
Access
to the Shockproof!
Training Resource
Center
Inclusion
in the Shockproof!
Training Discussion
Forum
Online
Credit Skills Proficiency
Exam
Upon
Completion
Participants who successfully
complete the workshop will
be able to:
Identify
the sources of information
required to verify all
amounts and values on
personal financial statements;
Understand
the issues and difficulties
in assessing cash liquidation
values of specific assets;
Understand
the role income tax returns
can play in verifying
personal financial statement
information and the information
content of Form 1040 and
selected supporting schedules;
Calculate
the amount of cash available
to a guarantor over various
time horizons in support
of business debt service;
Determine
the implicit approach
to building personal wealth
suggested by personal
financial statements;
and
Identify
and assess the similarities
and differences between
personal and business
financial statements.
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to Order
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