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This one-day course provides an in-depth workshop on the financial statements used in U.S. public finance.
With considerable stress on the public finance market, investors have more reason than ever to stay abreast of their portfolios and regularly analyze their holdings. This is the second course in a three-part series that provides tools for analyzing local government financial statements.
Participants learn where to find information in an audit, what line items mean, and the key ratios and trend analyses used by analysts at our sister company, Moody's Investors Service. Real-world case studies focus on the unique accounting methods and credit concerns in public finance.
- Recognize the different accounting methods and disclosure documents used in public finance.
- Understand how public finance financial statements are presented and where to find relevant information.
- Analyze income statements, balance sheets, budgets, and debt statements.
- Recognize signs of credit distress from financial documents.
- Identify the key credit risks of local governments and K-12 school districts.
- Apply financial statement analysis to various types of municipal bond securitizations, including general obligation, lease, sales tax, and cash flow notes.
- Fixed-income sales professionals
- Relationship managers
- Issuers of tax-exempt securities