For borrowers and lenders alike, evaluating loan and investment proposals has grown in complexity and risk. This unique book examines how the accounting framework is "fallible" in molding statement preparation and shows how to make more accurate decisions about borrowing and lending by focussing on cash flows. It also illustrates how to integrate the best tools and techniques available for the analysis and interpretation of financial statements.
Separating his key topics in "The Basics" and "The Hard Stuff," author Albert R. McMeen shows you how to review financial statements, associated footnotes, and related accounting principles in order to reevaluate the balance sheet, income statement, and statement of cash flow items. Then, he shows how to "spread" the financials to allow proper trend and peer comparisons. Specifically, you learn faster and more accurate ways To:
• DETERMINE CASH FLOW AND FORECAST FUTURE PERFORMANCE. • CALCULATE BREAKUP VALUES • IDENTIFY GAAP INCONSISTENCIES • QUANTIFY RISKS • EVALUATE THE LOGIC OF RATIOS.
If you're a borrower, Debt Repayment Capacity will help you present effective financial statements - the kind lenders are looking for. You'll better understand your own debt capacity and your industry's standards. And you'll know how to make faster more persuasive loan request. Doors will open to more opportunities that are profitable even as you reduce the likelihood of over-expansion.
If you're a lender, this book will show you how to revalue financial statements in new ways, appraise them more effectively, and see through even the most sophisticated "window dressing" techniques. It will enable you to "red flag" problem loans, build a financial database for comparative analysis and compare new debtors to existing portfolio performers.
Now more than ever, traditional approaches to credit analysis may fall short. Whether you direct your company's growth, make policy decisions concerning its methods of accounting and analysis, prepare its financial statements or analyze them, you must dig deeper into cash flow forecasting to determine debt repayment abilities. This one-of-a-kind book is a master tool.
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