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Credit Curriculum

II. Credit Curriculum: Cash Flow - Overview

... credit analysis for good and bad times

These three courses provide a thorough and highly detail exploration of the construction and interpretation of the Uniform Credit Analysis (UCA) cash flow statement; a review and application of cash impact methodology in computing the cash impact from movements in key Business Drivers and, consequently, in fully explaining the UCA cash flow statement: and a review of the competitive forces at work in a borrower's market, an examination of management essentials that must be in place and working effectively, and an assessment of the impact competitive forces and management capabilities will exert on Business Driver performance in generating future cash flow to service interest-bearing debt.

Target Audience

The three Fundamentals courses are designed for analysts and lenders new to commercial lending.

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To see more detail on each session, click the session links below.

Description
1. Business Cash Flow
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... understanding the borrower by understanding cash flow
In this self-study course, participants review the objectives of the Uniform Credit Analysis (UCA) cash flow statement and the financial statement information required to construct it. They work through the step-by-step construction of the UCA cash flow statement. They examine the information content of the statement and use it to identify borrowing causes, cash sources of debt repayment, the financing requirements, and the cash sources of financing to meet cash shortfalls.
2. Cash Impact and Sales Neutral Business Cash Income
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... confirming the borrowing causes
In this self-study course, participants work through the computation of the cash impact of sales growth or decline, the cash impact of changes in EBITDA%, accounts receivable days, inventory days, and accounts payable days in arriving at Sales Neutral Business Cash Income. They use the results of the computations to clearly identify or confirm the borrowing causes. They explore the use and application of the financing gap ratio in monitoring and managing business cash flow.
3. Management Assessment and Projections
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5.00 (14 reviews)
... borrowing needs and cash repayment sources
In this self-study course, participants review and examine the competitive forces at work in a borrower's market. They assess the competence of company management and identify management's objectives for company performance. In addition, they adjust "last actual" Business Driver results to reflect anticipated competitive and management realities going forward in the process for generating "most likely" and "downside" projection scenarios. Using projection results, participants identify the likely sources of cash to service interest-bearing debt.