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NACM recently hosted a week-long certificate session at its headquarters in Columbia, MD. Led by long-time NACM instructor and former NACM Chairman Jim McIntyre, CCE, the session--Financial Statement Analysis--focused on a number of skills necessary to succeed in the world of credit management that were a bit more advanced than those discussed in the first course in NACM's certificate series, Business Credit n Principles, also taught by McIntyre.
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Over the course of the week, McIntyre discussed the elements of accounting that affect credit professionals, including standard accounting processes, the different legal forms of business and the differences between them. McIntyre also led attendees through a document-by-document analysis of financial statements like the income statement, the balance sheet and the statement of cash flows. The mathematical analysis of the figures listed on ...