Digital Learning Libraries / Add-on
Financial statements training for lenders · a digital learning library
Understanding Financial Statements
Read the numbers like a lender.
20 courses · 6 case scenarios · 20 refreshers
Most accounting training is written for accountants or investors. Your team reads financial statements for a different reason: to decide whether to fund a client, how much, and on what terms. Every course is specific to receivables finance, from reading DSO against the facility to deciding which facility fits.
For account executives, risk, business development and field examiners.
The courses
20 courses, one job each.
Every course teaches a single task or idea the learner needs at work, with hands-on activities and a scored review.
The basics
What a lender needs from financial statements, where to find them and how far to trust them.
- 01 Why Financial Statements Matter to a Financier
- 02 What’s in a Set of Financial Statements
- 03 Finding Information on a Private Company
- 04 The CPA’s Report: Audits, Reviews and Compilations
- 05 The Accounting Principles Behind the Numbers
Reading the statements
The income statement, the balance sheet and the statement of cash flows, line by line.
- 06 The Income Statement: Sales to Gross Profit
- 07 Operating Expenses, Operating Income and Net Income
- 08 Fixed and Variable Costs, and Break-Even
- 09 The Balance Sheet: What a Business Owns
- 10 The Balance Sheet: What a Business Owes
- 11 Depreciation and Asset Values
- 12 Inventory Valuation
- 13 The Statement of Cash Flows
Analyzing performance
Profit versus cash, and the ratios that matter to a lender.
- 14 Profit Is Not Cash: the Working Capital Cycle
- 15 Profitability Ratios
- 16 Liquidity Ratios
- 17 DSO, DPO and Inventory Days
- 18 Leverage and Interest Coverage
Forming a view
Warning signs, and a structured read that ends in a credit view.
- 19 Warning Signs: Overtrading, Window Dressing and Distress
- 20 Six Simple Stages: a Structured Read of Any Financial Statements
6 case scenarios
Investigate, decide, and see the cost of delay.
Six case files, each ending in a decision: offer, adjust or decline.
The New Prospect
A growing business wants $600,000. Its financial statements have more to say than its sales figures.
Growing Broke
Sales are up 60% and income is up. So why is the client always short of cash?
Haverleigh Lumber
A lumber dealer with a new strategy, a new yard and a much bigger line of credit. Is the strategy making cash, and which facility fits?
Brookvale Cleaning
A current ratio of 1.60 looks healthy. It depends what the current assets are.
The Rosy Monthly Financials
A client’s best year ever, on its own figures. Harrowden’s figures tell a different story.
Sealcrest Systems
A field exam and a set of draft financial statements. Both say the same thing.
20 refreshers
Five minutes each, all year, so it sticks.
Each refresher is a short story with one activity, released every two weeks and pointing back to the course it reinforces.
- Late Financial Statements
- The Qualified Opinion
- Going Concern
- Gross Margin Slipping
- Sales Up, Profit Down
- The Break-Even Point Moved
- The Written-Up Property
- The Owner’s Loan
- A Change of Depreciation Policy
- Inventory That Won’t Sell
- Cash From Financing
- Profit Up, Cash Down
- Return on What?
- Same Ratio, Different Risk
- DSO Creeping Up
- Interest Coverage in a Rate Rise
- Window Dressing at Year-End
- Overtrading
- Six Stages in Five Minutes
- The New Loan
Your branding
Your logo, colors and fonts on every course.
Your LMS, or a link
Upload to your LMS, or send learners a link: no LMS needed.
Tracked
Progress and scores, ready for audit, risk committees and funders.
Kept current
New courses, cases and refreshers are added to your subscription as they are released.
Try it now
See what learners see in Understanding Financial Statements.
Try a course
A short course, as your learners see it: real receivables, hands-on activities and a scored review.
LaunchTry a case scenario
Work a client file from the first warning sign to a decision, and watch what each delay costs.
LaunchTry a refresher
Five minutes, one story, one activity: how the learning sticks between courses.
LaunchBook a demo
See Understanding Financial Statements in your own branding.
A 20-minute walkthrough of one course and one case scenario, with pricing for the learners you need.
More digital learning libraries
All librariesDetecting & Preventing Fraud
Spot it sooner. Stop it earlier.
13 courses · 6 case scenarios · 32 refreshers
- Pre-Invoicing
- Withholding Credit Memos
- Diverted Payments
Receivables Finance Essentials
How receivables finance works, for everyone in the business.
24 courses · 7 case scenarios · 24 refreshers
- Purchase or Loan? How Receivables Finance Is Structured
- Calculating Availability
- Assignment of Accounts and the UCC
Effective Credit and Collections
Collect more. Fund safely.
18 courses · 7 case scenarios · 20 refreshers
- Reading an A/R Aging Report
- Credit Memos, Offsets and Dilution
- Collecting Out a Portfolio