Analyzing Personal & Business Financial Statements & Tax Returns

Jul 24, 2018 to Jul 25, 2018
IBA Center for Professional Development
8425 Woodfield Crossing Blvd
Suite 155E
Program Overview: 

Printable Brochure

Analyzing Personal Financial Statements & Tax Returns -July 24, 2018

This one-day class is designed to strengthen your ability to analyze personal financial statements and tax returns within a simple, logical and consistent framework.  It provides the tools needed to reduce voluminous amounts of personal financial information into a concise, relevant picture of cash flow or an assessment of an individual’s financial strength as guarantor of a business loan.  We use cases to illustrate key points along the way, so bring your pencil!

Analyzing Business Financial Statements & Tax Returns- July 25, 2018

This one-day class introduces bankers to business financial statements, their role in the lending process and primary analytical techniques.  Bankers will learn to distinguish between different types of financial analysis situations and sources of loan decision data.  As an accounting review, they will build a financial statement for a small business on both the cash and accrual basis of accounting, then build a business tax return from the cash basis data.  Special issues with company-prepared statement and tax returns will also be highlighted, plus major accounting issues and management decisions involved in how businesses compile the data and how this range of options can dramatically affect results. From a comprehensive case, we will cover the key analytical ratios and how to interpret them.


Subjects that will be covered during the personal financial statements seminar include:

  • A “three-step” approach to reviewing and analyzing a personal financial statement (PFS) that will improve your efficiency
  • Key features of bank-provided formats for a PFS (as well as a credit application) compared to an accountant-prepared PFS, including descriptions and definitions of assets and liabilities, reported income, and contingent liabilities
  • How to calculate adjusted net worth and outside net worth
  • The limitations of a PFS and why more information (often tax returns) is needed
  • Why personal tax returns can be difficult to analyze and how to target relevant information consistently

See brochure for additional topics 

Specific subjects that will be covered during the business financial statements seminar:

  • The three primary methods of business accounting, including GAAP or accrual accounting
  • Structure and purposes of financial statements
  • Accounting review with building cash and accrual financial statements (and cash basis tax return) for a small business
  • Accountant-prepared statements and examples of the related cover letters
  • How bankers and investors classify and “spread” the data
  • Key ratios, their definitions and meanings, and application to a comprehensive case

Richard Hamm has been training bankers for over 25 years, specializing in all phases of commercial lending and credit, including portfolio & risk management, commercial real estate & appraisals, plus selling & negotiating skills.  His training work includes our top industry associations (the ABA & RMA), regional banking schools (Barret School of Banking - Memphis, Graduate School of Banking - Wisconsin, Southwestern Graduate School of Banking - Dallas, and Graduate School of Banking at Colorado), numerous statewide banking and community banking associations, plus
individual banks. 

On the consulting side, he has been involved in director training, loan policy formation, bank formation (start-ups & acquisitions) and related strategic planning.  The RMA Journal has published over 20 articles by Hamm on various lending topics, and he has served for many years on its Editorial Advisory Board.  He is based in Huntsville, AL and owns/operates Advantage Consulting & Training after a 22-year banking career including senior positions in lending and credit.  He has BS and MBA degrees from the University of Alabama.



8:30 a.m. Registration & Continental Breakfast
9:00 a.m. Program Begins
12:00 p.m. Lunch (included)
1:00 p.m. Program Resumes
4:00 p.m. Program Adjourns



These seminars will be held on at the IBA Center for Professional Development,8425 Woodfield Crossing Blvd., Suite 155E, Indianapolis, IN 46240. Directions, map & a list of local hotels are available on our website at


The following fees include the program, materials, continental breakfast, lunch & refreshments: 

IBA Member       

$425 Both Days - First Person
$355 Both Days - Each Additional Person
$225  One Day Only - First Person
$155 One Day Only - Each Additional Person


$850 Both Days
$450 One Day Only





Additional Information: 

Who Should Attend -Personal Financial Statements

Branch managers, consumer lenders, mortgage bankers, private bankers, small business lenders, commercial lenders, credit analysts, loan review specialists, special assets officers, lending managers and credit officers.

Who Should Attend -Business Financial Statements

Branch managers, private bankers, small business lenders, commercial lenders, community bankers, credit analysts, loan review specialists, special assets officers, lending managers and credit officers involved in business and commercial lending.






Association Contact: 

If you have questions, contact Marcy Borden via email at or call the IBA Office at 317-387-9380.

Cancellation Policy: 

Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations the day before or absences on the day of the program. Substitutions are welcome at anytime.

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