Financial Accounting
for Lenders
15-20
The fundamentals of accounting from a lender’s perspective
HOURS
SELF-PACED
E-LEARNING
OVE RVIEW
W H O S HOU L D ENR OL L
RE S ULT S AND B US I NES S BE N E FI T S
service capacity
L E A RNING M O D ULES
1
2
3
4
5
6
7
Financial
Accounting
Framework
Accrual
Accounting
Basics
The Balance
Sheet: Assets
The Balance
Sheet: Liabilities
and Equity
The Income
Statement
Connecting
Statements and
Levels of
Assurance
Understanding
Business Cash
Flow
E-LEARNING By OMEGA PERFORMANCE
developed to be highly interactive—maintaining high learner interest that
Learning Module Descriptions
1
FINANCIAL ACCOUNTING
FRAMEWORk
5 THE INCOME STATEMENT
Reviews the function and structure of a typical income statement
Introduces accounting standards and how they are developed
Explains basic accounting system rules and measurements
Describes common operating expenses and the calculation of oper-
2
ACCRUAL ACCOUNTING BASICS
impact of each on taxable income
Compares and contrasts cash and accrual accounting
Demonstrates the evolution of the balance sheet and income
statement of a start-up business
Presents revenue and expense recognition methods and their
sheet
6 CONNECTING STATEMENTS AND
LEVELS OF ASSURANCE
3
THE BALANCE SHEET: ASSETS
Describes the purpose and contents of the statement of
shareholders’ equity and statement of retained earnings
Presents an overview of balance sheet transactions and their effect
on cash
to the balance sheet and income statement
amortization of intangibles and the impairment of goodwill
statements
Describes management and accountant responsibilities when pre-
4
THE BALANCE SHEET: LIABILITIES
AND EqUITy
statement and audit opinion
Addresses the impact of liabilities on repayment of loans
Provides an in-depth understanding of interest-bearing and noninterest-bearing liabilities
7 UNDERSTANDING BUSINESS CASH FLOW
statements
statement disclosure requirements for long-term debt
Analyzes how timing differences in the operating and capital
Describes the accounting treatment of operating and capital leases
Compares and contrasts the presentation of equity for each type of
business organization
income statement and changes in the balance sheet
Presents three perspectives on the analysis of equity
Applies the analysis of sources and uses of cash to determine
Demonstrates the calculation and fundamental analysis of indirect
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Training Effectiveness
Benchmarking Report
Financial Accounting for Lenders
Average Percentage Increase in Knowledge
LEARNING MODULES
23%
PRE-TEST SCORES
POST-TEST SCORES
1. Financial Accounting Framework
71
93
2. Accrual Accounting Basics
67
93
3. The Balance Sheet: Assets
71
94
4. The Balance Sheet: Liabilities and Equity
76
95
5. The Income Statement
77
95
6. Connecting Statements and Levels of Assurance
68
92
7. Understanding Business Cash Flow
66
94
Key Takeaways
26%
67
28%
24%
93
68
Pre-Training Participants were
lacking critical Financial Accounting
for Lenders skills, such as the ability
to explore a customer’s financial
statements and analyze balance sheet
fundamentals.
92
66
Accrual
Ac
ccrual
Accounting
Accoun
nting
Basics
cs
Connecting
Conn
nne
e
ecting
ec
g
Statements
Stateme
ents &
Levels
Assurance
Lev
vels of Assura
ance
Pre-Test
Post-Test
94
Unders
Understanding
rsta
andin
ng
Businesss Cash
h
Flow
w
Increase in Knowledge
The graph above displays the score data for the learning modules of Financial
Accounting for Lenders in which participants display the greatest skill
improvement, as demonstrated in the Pre-Test and Post-Test differential.
OMEGA PERFORMANCE BENCHMARKING REPORT
Post-Training Post-Test results
highlighted an average 23%
improvement in key skills. Participants
demonstrated their ability to identify
the asset conversion cycle of a
business, the effect of slowdowns
in that cycle, and the effects of the
revenue and expense recognition
methods used by a business. Further,
participants were also able to describe
the purpose and contents of all
parts of a financial statement, and
understand a statement of cash flows.