TORONTO--(BUSINESS WIRE)--Omega Performance announces an invaluable new eLearning program, Financial Accounting for Lenders (FAL), designed to train bankers and lenders in financial analysis using Canada’s newly adopted accounting standards: International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprise (ASPE). Available via Omega’s redesigned interactive eLearning platform, the course features 8 distinct learning modules to help participants master the new accounting standards and make smart, informed credit decisions.
Suited for bankers and lenders of all experience levels, the dynamic program teaches the new accounting practices from a lender’s perspective, providing specific examples and demonstrations of how revised standards affect the lender’s analysis of the financial statements presented by their clients. Course coverage includes financial accounting fundamentals, different sections for understanding IFRS and ASPE, basics of cash flow analysis, and interpretation of the newly formatted financial statements.
John Golden, President and CEO of Omega Performance, is committed to helping financial institutions weather the challenges of change. “Understanding the new accounting standards and how they impact lending decisions can be somewhat daunting to financial institutions of any size. But the right training solution, one that addresses these new standards from the lender’s point of view, can make all the difference.”
Connie Hritz, Omega’s SVP of Product Development, agrees. “We teach the new accounting standards the way lenders actually use them — they need to be able to interpret the financial statements others have prepared and see the underlying business activities. From that, they can identify the risks of lending to the borrower.”
In addition to providing comprehensive information, the online course is designed for maximum learning efficiency. Because the FAL program serves a range of credit personnel, from Analysts and Underwriters to Chief Risk Officers, the training experience is easily tailored based on the depth of learner needs. Hritz explains, “The learning format is engaging, the demonstrations are relatable and, because it’s online, it can be accessed from any location at any time of day. The course includes modular pre-tests to direct learners to the modules they require and post-tests so managers can monitor learning progress. That means participants can get the most out of their time, and financial institutions can get more out of their learning investment.”
Omega Performance is the global financial training and performance improvement partner that can help you achieve results. Our expert instruction and flexible training solutions can help credit professionals achieve higher quality, more profitable loans and enhance sales personnel skills to establish, retain and grow customer relationships. The company is a wholly owned subsidiary of Informa plc (INF on the London Stock Exchange), the leading international provider of specialist information and services for the academic and scientific, professional and commercial business communities. Informa has over 150 offices in more than 40 countries and employs over 7,000 staff around the world. Omega Performance is headquartered in Washington, D.C., with major offices in Sydney, Toronto, Shanghai, Singapore, and London.