The second training seminar on banking credit began the day before yesterday. It is being organized by Talal Abu-Ghazaleh International (TAGI) and the Talal Abu-Ghazaleh Research Center at Canisius College in Buffalo and the Arab Bank Ltd.
Participating in the activities of this seminar are 64 employees from the loan, credit and analysis departments at the Arab Bank. The Talal Abu-Ghazaleh company had previously organized the same seminar 3 times in each of Jordan, the Sultanate of Oman, the UAE, Saudi Arabia and Bahrain.
The seminar aims to conceptualize numerous methods and basic procedures for credit analysis and the implementation of modern analytical tools to evaluate loan applications, in addition to recognizing and describing/identifying the nature and weak points of a client’s financial statements.
The event will also describe and identify the nature and weak points in the traditional analysis of financial statements, and how to revise the results obtained in a traditional credit analysis, while also specifying which non-financial statements are to be used in these credit analyses. The statements include those that define the client’s activity, the industry that the client works in, and the surrounding economic environment.
The seminar includes a number of topics, such as the main strategy to analyze credit, tying in different elements of credit analysis with one another, understanding the method of preparing financial statements, overview of services offered by accounting firms, analysis of various statement components from working capital, evaluation of assets, the relationship between debt and property rights, analysis of cash flow and operations results.
Dr. Edward Gress, Professor of Accounting and Chair of the Accounting Dept. and the Talal Abu-Ghazaleh Research Center at Canisius College in Buffalo, New York, is lecturing at the seminar.
The intense 3-day seminar will offer short lectures, discussions and detailed case studies. The cases will be applications of real loans (while concealing the names and major facts).The opportunity will be available for participants to work in small groups and conduct a complete credit analysis for the case studies. Also, the entire group of participants will be able to have a comprehensive discussion of the results of the smaller groups.