Financial Statement Analysis (FSA1) is a method of interpreting accounting data in an effort to understand the current financial performance of an entity and project its future health. FSA1 keeps the evaluation process simple, but requires a working knowledge of basic accounting principles. The emphasis of the course is on analyzing financial statements issued by companies using fundamental ratio analysis techniques and analysis of the statement of cash flows. These evaluations can be used to determine the operating efficiency, profitability and financial risk of a firm.
Toni Drake, CCE is the President of TRM Financial Services, Inc. , a company specializing in consulting and outsourcing services in the area of business credit and collections. Ms. Drake launched The Connection Center in 2005, which focuses on training and education in credit and collections, including financial statement analysis, as well as in the areas of professional development. Ms. Drake has been a member of NACM since 1984, and began teaching CAP classes and various educational sessions in 1997. Ms. Drake served as the NACM National Chairman of the Board in 2013. She is an alumni of the NACM Graduate School of Credit and Financial Management at Dartmouth College. She was awarded the Credit Executive of the Year Award by NACM-Southwest and was awarded the CCE Designation of Excellence Award by NACM National in 2008.
This intermediate financial analysis program has been designed for credit analysts, risk analysts and managers seeking comprehensive understanding of what's behind the numbers in financial reports. It is designed to improve the credit & finance professional's ability to analyze and interpret financial statements leading to quality credit risk assessment. The program gives equal weight to the process of financial reporting, the analysis and interpretation of financial statements and the steps required to document a quality credit line recommendation.
8:30am – 10:30am#N#Chapter 1: Introduction to Financial Reporting#N#You will learn the basic principles of accounting on which financial reports are based. A review of the evolution of GAAP and the traditional assumptions of the accounting model helps the participant understand the statements and thus analyze them better.
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The course is priced at $675 and includes a copy of the textbook Principles of Business Credit. Thirteen highly qualified, carefully selected professionals serve as the instructors of the 19 modules. Successfully complete each module, by scoring 7/10 or better on each quiz, to complete the course and satisfy this course requirement of the NACM's Credit Business Associate (CBA) designation. Students have 182 days from the date of purchase to complete the course. After this period, courses are subject to removal or updates due to NACM’s continued commitment to providing exceptional educational resources for credit professionals.
The Credit Learning Center (CLC) is an online learning venue, created to bring 24/7 access to educational sessions for today's busy business credit professional. Click on the links below to learn more about the CLC.
The total time needed to complete one module is approximately 60 minutes. The presentation may be paused during viewing or printed to use as a reference.
Most modules include a 10-question, true/false, multiple choice quiz at the end of the module session. The quiz serves as verification that you have completed the session and tests comprehension of the material presented.