$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 purpose, information content, and proper use of cash based business income tax returns, along with accrual financial statements for a borrower, in properly assessing borrower risk.
Identify information on cash based business income tax returns for a Subchapter S corporation and for a partnership necessary to compute business cash income;
Calculate business cash income, based on information in the cash based business income tax returns, and determine if the borrower was able to meet its debt service from business cash flow.;
Identify information that must be provided separately by the borrower to allow an accurate determination of business cash income and the borrower’s ability to properly service its interest-bearing debt;
Examine the use of business income tax information and additional borrower-provided balance sheet information in constructing and interpreting a borrower’s accrual income statement and business profit;
Explore the role that borrower balance sheet and income statement management play in explaining cash flow results for the period and the resulting implications about meeting future debt service obligations; and
Explore the necessity of combining cash based business income tax return information and accrual financial statement information to fully assess the financial status and risk profile of a borrower.
Course
Materials
Credit Refresher on Cash Based Income Tax Returns
Multi-step Exercise
Form 1065 for Great Lakes Distributors, LLC.
Form 1065 for Atlantic Seaboard Provisions, LLC
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 location and purpose of information on cash based business income tax returns for a Subchapter S corporation and for a partnership necessary to compute business cash income;
Understand how to properly calculate business cash income, based on information in the cash based business income tax returns, as well as determine if the borrower was able to meet its debt service from business cash flow;
Understand what information must be provided separately by the borrower to allow an accurate determination of business cash income and the borrower’s ability to properly service its interest-bearing debt;
Understand the use of business income tax information and additional borrower-provided balance sheet information in constructing a borrower’s accrual income statement to determine if the associated business profit were sufficient to service interest-bearing debt;
Understand the role that borrower balance sheet and income statement management play in explaining cash flow results for the period and the resulting implications about meeting future debt service obligations; and
Understand the necessity of combining cash based business income tax return information and accrual financial statement information to fully assess the financial status and risk profile of a borrower.
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.
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