William G. Sutton, ELFA President and CEO, explained that the course has been developed in conjunction with Moody’s Analytics, and is the only course of its kind available specifically for the equipment finance industry—and, as such, will be of particular interest to credit analysts, underwriters, portfolio managers and credit officers.

He said: “ELFA is proud to deliver superior education and training to the equipment leasing and finance community. Our new Financial Statement Analysis course—designed and developed by our member practitioners in partnership with Moody’s Analytics—puts self-paced training in the essentials of financial analysis and credit risk assessment at industry members’ fingertips.”

Course Content

The Financial Statement Analysis online course includes seven modules:

• Introduction to Financial Analysis and Business Types;

• Profitability Ratios;

• Activity Ratios;

• Capital Spending, Gearing and Debt Coverage;

• Cash Flow Analysis;

• Projections and Credit Risk Assessment; and

• Loan Structure

A detailed course outline is available at www.elfaonline.org/events/elearning/courses/?fa=fsa.

The course takes approximately 6-8 hours to complete. It does not need to be completed in one sitting—after registering, users can log in and out of the course, and the course will save their progress.

Registration

To register, ELFA members and nonmember should go to www.elfaonline.org/events/elearning/login/, log in to the course catalog using their ELFA username and password and click on “Catalog Page.”  Those who don’t have a password can click the Create Account link at the upper right of the site.