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2022 AICPA & CIMA Agriculture & Cannabis Industry Conference

AG2206 - Statements: What Financial Institutions are Looking For


Aug 9, 2022 9:00am ‐ Aug 9, 2022 9:50am


Standard: $49.00

Description

Lenders rely on financial reporting from their clients to obtain critical information about a businesses' financial solvency and the various business and industry risks they face. So it stands to reason, the most important benefit of good financial reporting to a lender is access to high quality financial information. Furthermore, the average lender does not have ongoing inside access to the day-to-day operations of a company. Instead, they rely on financial reporting to provide accurate and readily comparable information. This session will explore what lenders are looking for when they "ask for the moon" and why they want it.

Learning Objectives:
  • Distinguish what a lender "wants" versus what a lender "needs" to make a sound credit decision.
  • Identify the biggest mistakes businesses make in dealing with their lender in terms of their financial reporting process.
  • Analyze what businesses can expect from their lender's financial reporting requirements

Speaker(s):

Category: General Session

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