Identify
the cash and non-cash
amounts recorded on major
supporting schedules and
supplemental statements
to Form 1040;
Identify
the income and expense
amounts used, and excluded,
in income tax preparation
and, therefore, available
or absent for constructing
the personal cash flow
statement;
Conduct
a step-by-step construction
of the personal cash flow
statement, using selected
income tax return and
personal financial statement
information, to identify
the amount of personal
cash flow available to
support business debt
service;
Explore
and assess the extent
of the guarantor's personal
cash flow dependence on
cash sources from the
business whose debt is
supported by the guarantee;
Examine
the benefits and limitations
in the construction and
use of the personal cash
flow statement in assessing
the value of a personal
guarantee; and
Assess
the relative roles of
cash from personal assets
and cash from personal
cash flow in determining
the value of a personal
guarantee.
Course
Materials
Note on Constructing
and Using the Personal
Cash Flow Statement
in Assessing Risk
1999 Personal Financial
Statements for Douglas
McPherson
1999 Personal Income
Tax Returns for Douglas
McPherson
2001
Personal Financial Statements
for Peter and Jennifer
Keys
2001
Personal Income Tax Returns
for Peter and Jennifer
Keys
Exercise
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Review Quizzes
Solution
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Credit Skills Proficiency
Exam
Upon
Completion
Participants who successfully
complete the workshop will
be able to:
Identify
the cash and non-cash
amounts recorded on major
supporting schedules and
supplemental statements
to Form 1040;
Identify
the income and expense
amounts used, and excluded,
in income tax preparation
and, therefore, available
or absent for constructing
the personal cash flow
statement;
Conduct
a step-by-step construction
of the personal cash flow
statement, using selected
income tax return and
personal financial statement
information, to identify
the amount of personal
cash flow available to
support business debt
service;
Determine
the extent of the guarantor's
personal cash flow dependence
on cash sources from the
business whose debt is
supported by the guarantee;
Understand
the benefits and limitations
in the construction and
use of the personal cash
flow statement in assessing
the value of a personal
guarantee; and
Assess
the relative roles of
cash from personal assets
and cash from personal
cash flow in determining
the value of a personal
guarantee.
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