Advanced Cash Flow Analysis

Access this expert-led webinar instantly, available anytime on-demand.

Included in All-Access Membership
Live Webinar - no upcoming date
Customer Satisfaction Guarantee Learn with confidence. If you're not happy, we'll make it right. That's our guarantee.

Purchase Options

Select an attendee quantity to add to cart.

Recorded Webinar Only

$219.00
or

All Access Membership

The Aurora All Access Membership is designed to provide you with the training that you want when you want it. You will have 100% access to every live webinar, on demand webinar, professional alert, and podcast that Aurora Training Advantage offers with no additional cost.

Learn More About Our All Access Membership
$599.00
All Access Membership

Understanding and analyzing cash flow is critical to evaluating financial performance, creditworthiness, and long-term business sustainability. This comprehensive seminar begins with an in-depth review of traditional business EBITDA cash flow and the personal cash flow of business owners, utilizing Form 1040 tax returns, supporting tax schedules, K-1s, and personal financial statements. Participants will also explore the Global Cash Flow model, which combines business and personal cash flows to provide a complete picture of financial strength and repayment capacity.

Building on these foundational concepts, the seminar examines multiple cash flow measurement methodologies, including the Statement of Cash Flows prepared using both the Direct and Indirect Methods, UCA Cash Flow using Moody’s software spreadsheet, Cash Basis Cash Flow, Fixed-Charge Coverage (FCC), and Free Cash Flow (FCF). Attendees will also gain insight into cash flow projections, sensitivity analyses, and forecasting techniques that support financial planning and lending decisions.

The program concludes with a focused discussion of commercial real estate (CRE) cash flow analysis and related real estate investment cash flow models. Through practical applications and comparative analysis, participants will strengthen their ability to assess cash generation, evaluate risk, and make more informed financial and investment decisions.

Your Benefits For Attending:
  • Analyze traditional business EBITDA cash flow and business owner personal cash flow using tax returns, K-1s, and personal financial statements.
  • Understand how to develop and interpret Global Cash Flow by combining business and personal cash flows.
  • Differentiate among Statement of Cash Flows methodologies, UCA Cash Flow, Cash Basis Cash Flow, Fixed-Charge Coverage (FCC), and Free Cash Flow (FCF).
  • Evaluate cash flow projections and perform sensitivity analyses to assess changing financial scenarios.
  • Apply commercial real estate (CRE) cash flow analysis techniques and investment cash flow models.

This seminar provides practical tools and analytical frameworks that can be immediately applied to business, lending, consulting, and investment engagements. Attendees will leave with a stronger understanding of cash flow evaluation techniques and greater confidence in assessing financial performance and risk.

Major Topics:
  • Business (EBITDA) & Personal Cash Flow Analyses
  • Global Cash Flow: Combining the Business and Personal Cash Flows
  • Statement of Cash Flows, UCA Cash Flow, Cash Basis Cash Flow, Fixed-Charge Coverage, and Free Cash Flow
  • Cash Flow Projections and Sensitivity Analysis
  • CRE Cash Flow Analysis Including Investment Models

Designed For:
CPAs, CFOs/controllers, financial managers, auditors, financial analysts, and practitioners who provide accounting, tax, or consulting services to businesses.

Level: Intermediate
Format: Recorded Webcast
Instructional Method: QAS Self-Study (Traditional)
NASBA Field of Study: Finance (2 hours)
Program Prerequisites: None
Advance Preparation: No
  1. Introduction
  2. EBITDA (Traditional Cash Flow) 00:07:08
  3. Snider Corporation 00:22:01
  4. Income Statement 00:29:49
  5. Source Document 00:30:11
  6. Personal Cash Flow (Business owner/Guarantor) 00:46:06
  7. Global Cash Flow 00:52:57
  8. Uniform Credit Analysis Cash Flow (UCA) 00:54:21
  9. The Simpson Co. Statement of Cash Flows 00:56:00
  10. Sample Contractor - Balance Sheet - Actual 00:56:28
  11. Sample Contractor - Income Statement - Actual 00:58:11
  12. Sample Contractor - Income Statement - Actual and % 00:59:50
  13. Sample Contractor - UCA Cash Flow 01:00:05
  14. Sample Contractor - Ratios 01:12:26
  15. Other Cash Flow Models - Cash Basis Cash Flow 01:13:29
  16. Other Cash Flow Models - Fixed-Charge Coverage Ratio/Free Cash Flow 01:19:01
  17. Other Cash Flow Models - Cash Basis Cash Flow 01:22:17
  18. Other Cash Flow Models  - Commercial Real Estate 01:25:20
  19.  Miscellaneous Cash Flow Analysis 01:27:33
  20. Exhibit #1 01:27:50
  21. Exhibit #2 01:33:33
  22. Exhibit #3 01:38:02
  23. Conclusion 01:42:37
  24. Presentation Closing 01:47:11
  • David L. Osburn, MBA

    David L. Osburn, MBA

    David is the founder and managing member of David L. Osburn & Associates LLC, a Las Vegas-based business training and contract CFO firm that provides seminar/keynote speeches for various groups including CPAs, bankers, attorneys, credit union employees, credit managers, trade groups, and busines [...]

    View Full Profile

CPE Credit

Continuing Professional Education

Aurora Training Advantage is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information regarding administrative policies such as complaint and refund, and cancellation please contact our offices at 407-542-4317 or [email protected].

You must answer all questions during the webinar, view the recording completely and pass the test at the end with 70% correct answers to receive CPE credit.

  • Amortization 00:13:54
  • C Corporation 00:12:37
  • Debt Coverage Ratio (DCR) 00:15:58, 00:38:59
  • EBITDA 00:07:16, 00:08:48, 00:30:04
  • Income Statement 00:29:52
  • Limited Liability Company (LLC) 00:12:42, 00:40:49
  • Personal Cash Flow Statement 00:46:07
  • S Corporation 00:12:40, 00:40:49
  • Uniform Credit Analysis Cash Flow (UCA) 00:54:47 

Amortization: An accounting term that refers to the process of allocating the cost of an intangible asset over a period of time. It also refers to the repayment of loan principal over time. (investinganswers.com)

C Corporation: A C corporation, under United States federal income tax law, refers to any corporation that is taxed separately from its owners. A C corporation is distinguished from an S corporation, which generally is not taxed separately. Most major companies are treated as C corporations for U.S. federal income tax purposes.

Debt Coverage Ratio (DCR): The debt service coverage ratio, also known as "debt coverage ratio", is the ratio of operating income available to debt servicing for interest, principal and lease payments. It is a popular benchmark used in the measurement of an entity's ability to produce enough cash to cover its debt payments.

EBITDA: EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization and is a metric used to evaluate a company's operating performance. It can be seen as a proxy for cash flow.

Income Statement: One of the three primary financial statements used to assess a company's performance and financial position (the two others being the balance sheet and the cash flow statement). The income statement summarizes the revenues and expenses generated by the company over the entire reporting period. (investinganswers.com)

Limited Liability Company (LLC): An LLC is a corporate structure where members cannot be held accountable for the company’s debts or liabilities. This can shield business owners from losing their entire life savings if, for example, someone were to sue the company. Can be a single member (much like a sole proprietor) or a multi-member. It shares certain traits of both corporations as well as partnerships or sole proprietorships. It is not a corporation.

Personal Cash Flow Statement: The personal cash flow statement measures your cash inflows (money you earn) and your cash outflows (money you spend) to determine if you have a positive or negative net cash flow.

S Corporation: An S corporation, for United States federal income tax, is a closely held corporation that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. In general, S corporations do not pay any income taxes.

Uniform Credit Analysis Cash Flow (UCA): The Uniform Credit Analysis, or UCA Cash Flow, is designed to help you identify where the business's cash is going and how it is being used.

Customer Satisfaction Guarantee
Invest in your future with confidence! Our Customer Satisfaction Guarantee eliminates all risk, letting you focus purely on mastering new skills and advancing your career. If you're not completely satisfied, we'll ensure you are. Your satisfaction is not just a promise; it's our guarantee.

Frequently Asked Questions

Advanced cash flow analysis goes well beyond reviewing a standard Statement of Cash Flows. Financial professionals use multiple models depending on the entity type and analytical purpose. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) provides a traditional proxy for operating cash flow, particularly useful for business lending and valuation. The Uniform Credit Analysis (UCA) Cash Flow model—developed by Robert Morris Associates—is the preferred method for commercial lenders and presents cash flow using balance sheet and income statement data to show precisely where cash is generated and consumed. Cash Basis Cash Flow adjusts income statement figures for non-cash items and working capital changes. Fixed-Charge Coverage (FCC) measures a company's ability to meet all fixed obligations from operating income. Free Cash Flow (FCF) shows cash available after capital expenditures. For business owners and guarantors, Personal Cash Flow analysis using the 1040 tax return, schedules, and K-1s is essential. Global Cash Flow combines business and personal cash flow for a complete picture. Aurora Training Advantage's 100-minute Advanced Cash Flow Analysis webinar with David Osburn covers all of these models with detailed examples and real-world applications.
EBITDA—Earnings Before Interest, Taxes, Depreciation, and Amortization—is one of the most widely used metrics in business financial analysis, serving as a proxy for operating cash flow and a key input in lending, valuation, and performance assessment. By adding back non-cash charges (depreciation and amortization) and financing costs (interest) to net income, EBITDA isolates the cash-generating power of a company's core operations. It is commonly used by lenders to calculate debt service coverage and by investors to compare operating performance across companies with different capital structures or tax situations. However, EBITDA has well-documented limitations: it ignores capital expenditure requirements, changes in working capital, and the actual cash costs of debt service. For this reason, advanced practitioners use EBITDA as a starting point and complement it with UCA Cash Flow, Free Cash Flow, and Fixed-Charge Coverage analysis for a more complete picture. In commercial lending, the Debt Coverage Ratio (DCR) typically uses an adjusted EBITDA as its numerator. Aurora Training Advantage's Advanced Cash Flow Analysis webinar with David Osburn covers EBITDA calculation, application, and its role in the broader suite of cash flow models used by CPAs and financial analysts.
Global Cash Flow is an analytical framework that combines the business cash flow of a company with the personal cash flow of its owner(s) or guarantor(s) to produce a unified picture of total debt service capacity. It is particularly critical in commercial lending and financial analysis of closely held businesses, where the owner's personal finances are inextricably linked to the business. A business may appear cash-flow positive on its own, but if the owner has significant personal debt obligations or is drawing heavily from the business, the combined global cash flow may reveal insufficient coverage. The analysis typically begins with the business's EBITDA or UCA Cash Flow, then adds the personal cash flow derived from the owner's Form 1040 (including all schedules, K-1s, and the personal financial statement), and then subtracts all personal and business debt service to determine global debt coverage. Aurora Training Advantage's Advanced Cash Flow Analysis webinar led by David Osburn provides a detailed walkthrough of the global cash flow model with real-world examples using business owner scenarios, making it an essential resource for CPAs, CFOs, financial analysts, and commercial lenders.
The Uniform Credit Analysis (UCA) Cash Flow is a structured cash flow model developed to give lenders and analysts a precise, line-by-line view of how a company generates and uses cash—going significantly deeper than EBITDA. While EBITDA adds depreciation and amortization back to net income and ignores working capital and capital expenditure changes, the UCA model starts with sales and works through each component of the income statement and balance sheet to trace the actual movement of cash. It separates cash from operations from cash used in investing and financing activities and explicitly shows how changes in receivables, payables, and inventory affect available cash. The UCA model is the preferred standard in commercial banking and is used in tools like Moody's risk assessment software. It provides a more accurate and conservative picture of debt service capacity than EBITDA, making it better suited for lending decisions and credit risk analysis. David Osburn's Advanced Cash Flow Analysis webinar on Aurora Training Advantage provides a complete, practical walkthrough of the UCA model alongside EBITDA, cash basis, and other cash flow methods for CPAs and financial professionals.
Commercial real estate (CRE) cash flow analysis uses a distinct set of models tailored to the income-generating characteristics of investment properties, differing significantly from the EBITDA or UCA methods used for operating businesses. The foundation of CRE cash flow is Net Operating Income (NOI)—gross rental income minus vacancy and credit loss adjustments minus operating expenses, excluding debt service and depreciation. The Debt Coverage Ratio (DCR) for CRE divides NOI by annual debt service to measure the property's ability to service its loan obligations; lenders typically require a minimum DCR of 1.20 to 1.25. For investment properties, analysts also calculate the capitalization rate (cap rate) to assess value relative to income, and cash-on-cash return to measure investor yield. CRE sensitivity analysis models how changes in occupancy rates, rental rates, or operating costs affect coverage and investment returns—a critical tool for underwriting in volatile markets. When the owner occupies or operates a business in the property, combined occupancy analysis blends CRE and business cash flow. Aurora Training Advantage's Advanced Cash Flow Analysis webinar covers CRE cash flow models and investment analysis in a dedicated session module led by David Osburn.