2016 08 04 13 59 Financial Statement Analysis to Assess Credit Risk

[omarelmghari]

I am a CPA with 26 years of global experience and I must say that I've never seen an explanation this precise, focused and practical. Thank you so much for working so hard all these years to make this difficult topic look easy. Much appreciated!

[LeniGoodwine]

Much needed refresher! I appreciate the clear and concise explanations, thank you:)

[kkimnoob]

super useful on the credit bits - thank you! using it for my interview

[letmindco]

Great info. However, note that banks use a 360 day year, not a 365 day year. Educators tend to gloss over or misunderstand this finger point in teaching finance, even at the graduate level. I'm sure you wondered why your college text books offered 360/365 as an option for amortization. 🤷🏿‍♂️ We (the bank) use 360 because it eliminates the problem of the leap year in amortizing your note. Here's the kicker😂. Yes, we still charge you interest 365 days of the year. Hence why your stated and actual annual rates are different. The bank wins again 🤑

[jamestalley]

Great video for credit analysts like me. Thanks!

[rishabhgautam]

Very good description on the content and good explanation on the content descried on the introduction. Thanks a lot.