Discover why credit analysis is a rewarding career path, with strong earning potential, clear progression and the opportunity to support business growth.
Free
Modules
Course Overview
Learn to assess commercial lending transactions and prepare clear, well-supported credit recommendations.
Developed by experienced Australian commercial bankers, the course takes you through 20 modules covering financial analysis, cash flow and repayment capacity, financial modelling, loan structuring and credit risk assessment.
Topic review questions reinforce your learning. Final questions and exercises test your understanding before you progress to the next module, with assessments reviewed by experienced commercial bankers who provide personalised feedback and guidance.
- Course FeeUniversity students and eligible recent graduates: $990 incl. GST (normally $1,780 incl. GST).
Bankers, brokers and finance professionals: $3,040 incl. GST (normally $3,800 incl. GST).
Both offers end 30 November 2026. - Payment OptionsPay upfront or choose a payment plan.
Bankers, brokers and finance professionals can spread the course fee over 6 or 12 monthly instalments.
Students can ask us about payment options. - Study FormatUniversity students and recent graduates: a 6-month online program with self-paced modules and monthly live online classes. If you prefer a longer timeframe, we can tailor a study plan to suit you.
Bankers, brokers and finance professionals: self-paced online learning that fits around work and other commitments. - Course AccessAccess the course materials throughout your studies and for 12 months after completion.
- Personalised MentoringExperienced commercial bankers review your module assessments, financial models and final credit paper, providing feedback and guidance.
- Certificate and CPDReceive a Certificate of Completion after successfully completing the required assessments and final credit paper.
The course is MFAA-approved for 20 CPD hours for eligible participants.
What You Will Be Able to Do
- Analyse financial performance, cash flow, working capital and repayment capacity.
- Assess financial and non-financial risks, including industry, business and management risks.
- Prepare and interpret base case and downside financial forecasts.
- Structure lending facilities and assess security and covenants.
- Prepare a professional credit paper with a clear, supportable credit recommendation.
The 20 modules
Complete the modules in order, building on what you have learnt through practical questions, exercises and mentor feedback.
Introduction to Accounting Concepts
Build the accounting foundation needed to understand how financial information is recorded, interpreted and used in commercial credit assessment.
Understanding Financial Statements
Understand the purpose and structure of key financial reports and how they support credit analysis, financial review and credit decision-making.
Statement of Profit or Loss
Learn how to assess trading performance, revenue quality and profitability to support well-informed credit recommendations.
Statement of Financial Position
Learn how to assess a client’s financial position, liquidity, solvency and leverage to identify balance sheet risks and support credit recommendations.
Statement of Cash Flows
Learn how to interpret operating, investing and financing cash flows to assess liquidity, cash flow strength and repayment capacity.
Debt Servicing
Build the skills to assess a client’s ability to meet interest and principal repayments using servicing ratios, cash flow analysis and stress testing.
Breakeven Analysis
Learn how to use breakeven analysis to assess cost pressure, profitability and a client’s ability to withstand financial stress.
Forecast Financial Analysis
Conduct forecast financial analysis using three-way financial models, including base case and downside case scenarios, to assess cash flow, performance and debt servicing capacity.
Working Capital Analysis
Analyse working capital, cash flow timing and the Cash Conversion Cycle to identify liquidity risks and recommend appropriate funding solutions.
Financial Ratios
Learn how to turn financial ratios into practical credit insights on profitability, liquidity, leverage, efficiency and debt servicing capacity.
Financial Covenants
Learn how to set, interpret and monitor financial covenants to manage credit risk, identify early warning signs and protect the lender’s position.
Loan Repayment Arrangements
Develop the skills to structure repayment arrangements that align with a client’s cash flow profile, repayment capacity and credit risk.
Loan Products
Learn how to match loan products to client funding needs, cash flow profile and strategic objectives while managing credit risk.
Probability of Default (PD)
Apply financial and non-financial indicators to assess Probability of Default (PD) and support risk-aligned credit recommendations.
Security Instruments
Understand how security instruments protect the lender’s position, reduce credit risk and provide a secondary source of repayment if a client defaults.
Loss Given Default (LGD)
Learn how to assess how much the lender could lose if a client defaults by evaluating collateral value, recovery assumptions and realisation risk.
Loan Offers and Facility Agreements
Develop the skills to review loan documentation, interpret key clauses and assess legal, structural and credit risk implications.
Early Warning Signs
Identify early warning indicators and respond with proactive risk management strategies that protect the lender’s position.
Final Credit Paper Assessment
Bring everything together in a final credit paper that demonstrates your financial analysis, forecast modelling, credit risk assessment, loan structuring and commercial judgement.
