'Self-Employed Income Foundations' workshop

Understanding how to interpret financial statements is an essential skill when supporting self-employed clients. This workshop is the second in our three-part Self-Employed series and focuses on the practical foundations of financial analysis and how we apply them when assessing self-employed income.

We’ll explore the key components of a balance sheet, profit and loss statement and depreciation schedule, along with common add-backs used for servicing, before applying these concepts to a case study involving a client who derives their income from a single trading entity.

Who is this workshop for?

• Any CommBank accredited broker (or their support staff) wanting to find out more about interpreting financials for self-employed clients.

Agenda:

• Learn what to look for in a set of financials
• Determine which entity structure will have what key sections to review
• Explain that there is more than one way to analyse financials and extract income for servicing
• Pinpoint where to input figures in the serviceability calculator and the application