The GSB Online Seminar Series

The GSB Online Seminars Series offers a convenient, cost-effective way to access quality educational opportunities. Please note ALL times below in CENTRAL TIMEZONE.

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Presenter:  Richard Hamm, Advantage Consulting and Training This 90-minute program will be presented live on: July 16, 8:30-10:00 a.m. Central Time Recording available through: October 16, 2020 Price: $275 This program unlocks the key issues in analyzing business tax returns by creating a business tax return from a conventional financial statement.  This shows the major formatting differences and ways balance sheet accounts and income statement items are labeled differently in a tax return.  It also reveals the functions of the various schedules.  By using a pass-through entity, we further see how the tax return carefully segregates items that move to an owner’s personal tax return via the Schedule K-1.  A final step is creating a chart that “maps” a financial statement to both pass-through entities and a regular corporation. After this seminar, attendees will be able to: For an example business (case), construct a tax return balance sheet (Schedule L), income statement, Schedule M-1 and Schedule M-2 on the cash basis Identify key formatting differences between a conventional financial statement and a tax return Describe how pass-through entity tax returns separate various income statement items for purposes of allocating them to the owner(s) personal tax returns On the Schedule K-1, identify the pass-through items that involve cash, compared to pass-through items that do not involve cash Describe the common relationship between pass-through income and distributions to the owner(s) Create a chart to compare and align financial statement components to the appropriate tax return schedules   Target Audience:  Credit analysts, portfolio managers, assistant relationship managers, community bankers, small business lenders, commercial lenders, consumer lenders, branch managers that lend to business owners, private bankers, special assets officers, loan review specialists and others involved in business and commercial lending   Related GSB Online Programs: Business Financial Statements & Tax Returns: Financial Statement Components, Structures and Levels of Accountant Involvement Business Financial Statements & Tax Returns: Cash vs. Accrual Accounting Refresher Business Financial Statements & Tax Returns: Developing and Analyzing Key Ratios Read More

Presenter:  Richard Hamm, Advantage Consulting and Training This 90-minute program will be presented live on: July 23, 8:30-10:00 a.m. Central Time Recording available through: October 23, 2020 Price: $275 This program covers how to calculate and analyze the basic set of financial statement (or tax return) ratios for operating businesses.  Preliminary steps (covered in related programs) include understanding the types of financial statements and level of accountant involvement, distinguishing between cash and accrual accounting methods, and the unique format and features of business tax returns.  We now turn to the four primary sets of ratios: (1) liquidity, (2) leverage, (3) profitability, (4) efficiency, and (5) debt coverage.  Using a comprehensive case, calculations are demonstrated, as wells as major issues, strengths and limitations of the various ratios.  Participants will work from a ratios reference guide that is intended to be a resource for future statement spreading. Topics to be covered include: Basic guidelines for classifying and spreading the data Identify the key components of a balance sheet Calculate liquidity and leverage ratios for an example business and interpret the results Identify situations with positive or negative working capital Describe common-sizing of the balance sheet Identify the key components of an income statement Calculate profitability and traditional cash flow measures for an example business and interpret the results Calculate efficiency and debt coverage ratios for an example business and interpret the results Explain the use of industry and comparative data within financial analysis   Target Audience:  Credit analysts, portfolio managers, assistant relationship managers, community bankers, small business lenders, commercial lenders, consumer lenders, branch managers that lend to business owners, private bankers, special assets officers, loan review specialists and others involved in business and commercial lending   Related GSB Online Programs: Business Financial Statements & Tax Returns: Financial Statement Components, Structures and Levels of Accountant Involvement Business Financial Statements & Tax Returns: Cash vs. Accrual Accounting Refresher Business Financial Statements & Tax Returns: Creating a Business Tax Return and Comparing/Mapping it to a Conventional Financial Statement Read More

Presenter:  Richard Hamm, Advantage Consulting and Training This 90-minute program will be presented live on: July 2, 8:30-10:00 a.m. Central Time Recording available through: October 2, 2020 Price: $275 Analyzing business financial statements and tax returns starts with understanding the basic components of the balance sheet and income statement, along with the reconciliation of retained earnings, plus footnotes and other disclosures.  The business tax return is nothing more than a financial statement with similar components, but with a different format and structure.  A second step is to use a diagram, with the components in rough proportion to dollar size, to see how the components “flow” together and interact to create three major financial relationships:  (1) Sales to total assets, (2) profit retention, and (3) leverage.  A third step is to identify and understand the key principles underlying the three primary methods of accounting, followed by examining an accountant cover letter, if applicable. Topics to be covered include: Identify various financial statement analysis options and tools, plus the basic structure and purposes of financial statements and tax returns Diagram the statement components and how they flow together and create three major relationships Identify various levels of accountant-prepared financial statements (compilations, reviews and audits) and related accountant cover letters Describe key issues in using internal or company-prepared statements, as well as interim statements Compare and contrast the three primary methods of accounting Key standards, limitations and alternatives within accrual accounting or generally accepted accounting principles (GAAP)   Target Audience:  Credit analysts, portfolio managers, assistant relationship managers, community bankers, small business lenders, commercial lenders, consumer lenders, branch managers that lend to business owners, private bankers, special assets   Related GSB Online Programs: Business Financial Statements & Tax Returns: Cash vs. Accrual Accounting Refresher Business Financial Statements & Tax Returns: Creating a Business Tax Return and Comparing/Mapping it to a Conventional Financial Statement Business Financial Statements & Tax Returns: Developing and Analyzing Key Ratios Read More

Presenter:  Richard Hamm, Advantage Consulting and Training This 90-minute program will be presented live on: June 16, 10:30 a.m. - 12:00 p.m. Central Time Recording available through: September 16, 2020 Price: $275 Working capital is misunderstood by many borrowers and bankers alike.  This program provides the analytical tools (with case examples) to understand how the working capital cycle affects the borrowing needs of a business in terms of a line of credit, and how the dollar size of the line of credit is related to this cycle.   Equally important is to understand how equipment finance needs arise, and how to use financial statements or tax returns to determine historical patterns of capital expenditures and related long-term financing, plus gaps between purchases and financing.  This allows the lender or analyst to position your bank to be proactive in helping customers optimize or maximize equipment financing, while minimizing its draining effect on working capital via small purchases (not financed) and down payments.   Topics covered include: How visualize the working capital cycles, plus a simple chart to use Related line of credit size to working capital needs and basic cash flow Areas of caution when using accounts receivable and inventory as collateral Overview of equipment financing (loan or lease) industries that tend to have stronger equipment financing needs Overview of equipment loan vs. lease considerations Capitalized leases vs. operating leases and upcoming FASB changes, with case example of how to capitalize an operating lease for analytical purposes Issues with equipment as collateral   Target Audience: Commercial and business lenders, credit analysts, community bankers, private bankers and portfolio managers; plus, loan review and examination specialists, and credit officers involved evaluating or approving equipment financing   Related GSB Online programs/topics: Business Financial Statements & Tax Returns:  Developing and Analyzing a Statement of Cash Flows Business Financial Statements & Tax Returns:  Developing and Analyzing the Uniform Credit Analysis (UCA) Model Read More

Get these programs together at a discount: Business Financial Statements & Tax Returns:  Developing and Analyzing a Statement of Cash Flows      Live on April 21st, recording available through July 21, 2020 Business Financial Statements & Tax Returns:  Developing and Analyzing the Uniform Credit Analysis (UCA) Model      Live on March 3rd, recording available through June 3, 2020 Business Financial Statements & Tax Returns:  The Working Capital Cycle and Equipment Finance/Leasing Issues      Live on May 5th, recording available through August 5, 2020 Read More

Get these programs together at a discount: Commercial Lending:  Four Keys to Loan Structuring      Live on April 21st, recording available through July 21, 2020 Commercial Lending:  Best Practices for Structuring and Underwriting Lines of Credit, Bridge Loans, Term Loans and Seasonal Credits      Live on April 28, recording available through July 28, 2020 Commercial Lending: Loan Agreements and Covenants      Live on May 5th, recording available through August 5, 2020 Read More

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