Introduction to Corporate Credit Analysis 1
About this course
We understand the significance of making informed and calculated credit decisions. Whether you are assessing the creditworthiness of potential business partners, optimizing your portfolio, or navigating complex financial markets, our Corporate Credit Analysis 1 course is your trusted ally.
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Course Outline
- Financial Statements
- Overview of Corporate Financial Statements
- The Company Annual Report
- Directors Report
- Audit Opinion
- Accounting Policies
- The Income Statement
- Lay out of Income Statement
- EBITDA, EBIT
- Effect of Depreciation and Amortisation policies on reported profits
- Nature of capitalized costs and effect on reported profitability
- Earnings per share (EPS), Headline Earnings per share (HEPS)
- Ratios: Margins, Leverage, Interest Cover
- The Balance Sheet
- Layout of Balance Sheet
- Nature and treatment of Goodwill in the Balance Sheet
- Capital Structure and Weighted Average Cost of Capital (WACC)
- Ratios: Gearing, Debtors Days, Creditor Days, Stock Turn
- The Cash Flow Statement
- Layout of Cash Flow Statement
- Connection to Balance Sheet and Income Statement
- Working Capital Changes
- Cashflow Statement ratios
- Creative Accounting
- Income Statement
- Sales/Turnover recognition
- EBITDA
- Depreciation & Amortisation
- Capitalization of Costs
- Balance Sheet
- Accounting for Goodwill
- Intangibles
- Fixed Asset Revaluations
- Valuing Stock
- Valuing Cash
- Income Statement
