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Find a Course Near You

Chicago
Jul 2

Register for the Course

There are no sessions currently scheduled

This one-day course provides an in-depth workshop on the financial statements used in U.S. public finance.

Course Agenda

    Financial Analysis of Local Governments equips you with the skills you need to analyze local governments’ financial statements and identify risks and strengths.

    With a focus on the accounting methods unique to local governments, this course teaches investors and other stakeholders how to analyze financial statements in a systematic and efficient manner. Participants learn where to find information in an audit, what individual line items in the financial statements mean, and how to calculate the key ratios.

    Moody’s Investors Service’s methodology for analyzing local governments underpins the discussion throughout this one-day course, which incorporates short presentations, exercises, and case studies, and uses Moody’s medians and other publications to enrich the learning experience. This advanced course builds on Moody’s Analytics’ Introduction to Public Finance course, which is not a required prerequisite.

Who Should Attend?

    Professionals who are responsible for assessing the financial risks associated with local government investments or who need to strengthen their understanding and analysis of government financial statements, including:

  • Investors
  • Analysts
  • Relationship managers
  • Issuers of tax-exempt securities

Gain skills in the financial analysis of local governments so you can:

  • 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.
2018 Course Dates and Locations

Find a Course Near You

Chicago
Jul 2