- Are you unsure of the impact some accounts have on credit risk?
- Do you feel challenged by the intricacies of financial concepts?
- Have you ever been in doubt whether a client’s Income Statement and Balance Sheet have an impact on your credit decision-making?
- Do you find it challenging to convert evens into numbers and financial statements on the fly?
You’re not alone – many bankers experience some apprehension and doubt where financial accounting is concerned. After all, we are bankers, not accountants!
To fully understand the interplay of accounts and their impact on credit risk is critical to the credit decision-making process.
Our simple methodology allows you to understand the intricacies of converting events into numbers, and hence the ability to fully comprehend the relationship between accounts without the hassle of T-accounts and traditional debit/credit entries.
This methodology will help fine-tune your skills to extract data from clients, understand the implications of that data, and create on the fly financial statements, including Balance Sheets, Income Statements and Consolidated Statements.
The Essentials of Accounting E-Learning course covers:
- Introduction to Financial Concepts
- Income Statement Details and Data Capturing
- The Balance Sheet – Assets / Liabilities & Equity
This module provides candidates with a handle on basic accounting principles, and an ability to convert events into recorded numbers. The methodology utilizes the core elements of recording accounting entries (ie Opening Balance, Additions, Subtractions and Closing Balances) for accounts, and purposely avoids the use of “T” tables and Credit / Debits terminology which are viewed as adding little value, and consuming valuable time.
This methodology therefore concentrates more on the relationships between accounts and provides you with an ability to sense these relationships and the way they interplay.
By completing this section, you are expected to acquire a strong appreciation of the links between accounts, be able to record events, and as a consequence be able to create a balance sheet, and income statement from these events.
This module carries exercises related to each section, is valid for 3 months, and provides for a quiz at the end.
After completing this course, you can expect to:
- Learn about major accounts that comprise a Balance Sheet
- Understand the different between accrual and cash accounting
- Learn how to convert events into numbers
- Create financial statements for your clients (Balance Sheet & Income Statement)
- Produce consolidated financial statements for you and your clients
- Understand the relationship between accounts
- Execute accounting entries using hassle-free methodology
- Be prepared to run full due diligence and financial analysis on your clients.
This program is for you if any of the following scenarios apply:
- You are a banker and want to refresh your knowledge in Accounting
- You are a Corporate/Commercial Relationship Manager and you want to strengthen your knowledge of accounting and better understand the impact on the credit decision making process
- You are an SME Relationship Manager who constantly encounters clients with no financial or limited statements and would like to create such statements on the fly
- You are a Credit Analyst or Officer who wants to strengthen his/her knowledge in accounting and better understand the impact of accounting on credit risk
- You are a Credit Risk Manager or Credit Auditor and want to refresh your knowledge in the subject
- You are an investment banker who need to strengthen your knowledge in accounting to better perform due diligence on companies.
- You are someone who has a general interest in credit risk and would like to learn more about Accounting