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Learn to look beyond financial statements to evaluate and explain the risk in a borrower’s accounting principles, financial projections, and business practices. Analyze aggressive and deceptive accounting principles, such as purchase accounting, unfunded pension liabilities, securitized receivables, deferred taxes, and channel stuffing. Examine financial projections, including aggressive assumptions, break-even analysis, and debt service coverage. Explore industry risk, including aggressive and deceptive practices used by manufacturers, retailers, drug companies, life insurance companies, utilities, and REITs.
http://www.sps.nyu.edu/content/scps...929