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Daily Archives: September 22, 2010

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Credit Process

While the Credit Analysis course started the discussion on financial and operating leverage and the thinking behind the borrowing decision, the Credit Process course focuses on the lending side of the equation.

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Credit Analysis – First Course

This is the first course on credit analysis that focuses on the impact of leverage on a business. We look at two different instances of leverage – one financial, one operational and use that to calculate degrees of operational leverage. Degrees of operational leverage is an interesting concept that allows you to measure the impact on earnings for every dollar increase/decrease in sales on account of the combined leverage of a firm.