$150 for non Members Click 'Available Date' to purchase
Overview
This 90 minute case-based live webcast is for both relatively new analysts and lenders as well as for experienced analysts and lenders who need to refresh their understanding of the information content of personal income tax returns, including cash and non cash revenue and expense amounts, and the use of personal income tax returns and Schedules K-1 to calculate personal cash flow and assess the likely cash support from a guarantor at the point of a business cash flow crisis.
Review and examine the purpose, format, and content of personal income tax returns, including Form 1040, the major supporting schedules, and associated statements;
Identify the differences between personal taxable revenue and expenses and personal cash revenue and cash expenses indicated by information on Form 1040, the major supporting schedules, and Schedules K-1;
Review and examine the migration of revenue and expense information from business income tax returns to personal income tax returns for owners of Subchapter S corporations, partnerships, limited liability companies, and sole proprietorships;
Explore the process of constructing a personal cash flow statement from information on a guarantor’s personal financial statement and personal income tax returns to determine the guarantor’s dependency on cash flows from the business he or she owns in whole or in part;
Examine the prospects of guarantor cash support based on his or her personal cash flow statement and access to highly liquid assets in the event of a company cash flow crisis; and
Explore whether personal cash flow or access to highly liquid personal assets is the better indicator of guarantor cash support for business debt service obligations in a company cash flow crisis.
Course
Materials
Credit Refresher on Guarantors and Personal Cash Flow
Multi-step Exercise
Sandover Contractors, Inc. Financial Statements
Personal Financial Statements for Douglas McPherson
Personal Income Tax Returns for Douglas McPherson
Presentation Slides
Wrtten Solutions
Upon
Completion
Participants who closely follow the instructor’s presentation and carefully review the written solutions will be able to:
Understand the purpose, format, and content of personal income tax returns, including Form 1040, the major supporting schedules, and associated statements;
Understand the differences between personal taxable revenue and expenses and personal cash revenue and cash expenses indicated by information on Form 1040, the major supporting schedules, and Schedules K-1;
Understand the migration of revenue and expense information from business income tax returns to personal income tax returns for owners of Subchapter S corporations, partnerships, limited liability companies, and sole proprietorships;
Understand the process of constructing a personal cash flow statement from information on a guarantor’s personal financial statement and personal income tax returns to determine the guarantor’s dependency on cash flows from the business he or she owns in whole or in part;
Understand the prospects of guarantor cash support based on his or her personal cash flow statement and access to highly liquid assets in the event of a company cash flow crisis; and
Understand whether personal cash flow or access to highly liquid personal assets is the better indicator of guarantor cash support for business debt service obligations in a company cash flow crisis.
How
to Order
Click the specific "Available Date" link at the top of the page to purchase Shockproof! Training or enroll in a Webast. Or Contact
Us for a personalized review of your credit
training needs.
Shopping Cart
