Clfp credit - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Clfp credit? On this page you'll find 45 study documents about Clfp credit.
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CLFP EXAM (Credit Process and Financial Statement) with Questions & Answers Graded A
- Exam (elaborations) • 13 pages • 2024
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CLFP EXAM (Credit Process and 
Financial Statement) with Questions & 
Answers Graded A
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CLFP Exam Questions and Answers Latest Update 2024-2025 | Scored A+
- Exam (elaborations) • 25 pages • 2024
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CLFP Exam Questions and Answers Latest Update | Scored A+. Oldest Record of Leasing correct answer2010 B.C. in Sumerian City of Ur using Clay tablets for ag tools, 
land & Water rights, oxen and other animals 
Code of Hammurabi correct answer1750 BC, acknowledged leasing of Personal Property. First Record of 
Leasing 
First Example of A True Lease correct answerShip Charters. Phoenicians leased the ship and crew 
requiring them to assume benefits and obligations of ownership 
Statue of Wales co...
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CLFP Exam - Credit Process and Financial Statement Questions And Answers Already Graded A+
- Exam (elaborations) • 11 pages • 2023
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What applicant attributes are you trying to learn about when underwriting a deal? - 1.) The desire 
to repay the debt 
2.) the financial ability to make payments 
3.) The reserves to withstand unexpected setbacks 
What are the four (4) C's of Credit? - 1.) Character: the desire to pay back debt 
2.) Cash Flow: Ability to make payments 
3.) Capital: Ability to withstand setbacks 
4.) Collateral: Ability to liquidate to recover investment when the initial three (3) C's fail 
What are common cred...
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CLFP Exam - Credit Questions and Answers (Verified Answers)
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What are the Five C's of Credit & describe them - ️️Character- Lessee's reputation 
and performance on past obligations 
Cash Flow- Does the lessee have the capacity to repay? 
Capital- Does the lessee have the ability to withstand a setback? 
Collateral- What is the value of the asset securing the lease? 
Conditions- Terms of the contract, economic, industry 
What are the five areas of focus for financial ratios? - ️️1. Profitability 
2. Activity 
3. Liquidity 
4. Leverage 
5. Cas...
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CLFP EXAM - History & Purpose of Leasing Exam with 100% Correct Answers 2023
- Exam (elaborations) • 9 pages • 2023
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CLFP EXAM - History & Purpose of 
Leasing 
Currently how big is the leasing industry? - Correct answer-American companies 
acquire $1 billion in equipment each year of which 55% is leased. 
What % of companies lease? - Correct answer-8 of 10 
How old is leasing? - Correct answer-4000 years ago the Sumerians produced leases 
on clay tablets for ag tools, water rights and animals. The Code of Hammurabi is an 
ancient record of Babylonian dating back to 1700 bc 
What is the Statue of Whales? - Corr...
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CLFP Terms 4 Questions and Answers Latest Update 2024-2025 | Graded A+.
- Exam (elaborations) • 7 pages • 2024
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CLFP Terms 4 Questions and Answers Latest Update | Graded A+. What information is reported on the income statement? correct answerIts a presentation of revenues 
and expenses for a specific time period (month, quarter, year). 
What information is reported on the statement of cash flows? correct answerIt shows cash receipts and 
payments during a specific period and includes non-cash expenses like depreciation and amortization. 
Equation for cash flow correct answer[net income + non-cash expense...
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CLFP Exam - Credit Process and Financial Statement Latest Exam 2023
- Exam (elaborations) • 12 pages • 2023
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CLFP Exam - Credit Process and Financial Statement Latest Exam 2023
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CLFP Exam - Credit Process and Financial Statement Latest Exam 2023
- Exam (elaborations) • 12 pages • 2023
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CLFP Exam - Credit Process and Financial Statement Latest Exam 2023
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CLFP Part 1 History and Purpose of Leasing exam with complete solution graded A+
- Exam (elaborations) • 6 pages • 2023
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What are Lease versus buy considerations? - Tax Benefits 
Accounting & Financial Reporting 
Budgetary 
Minimize Cash Outlay 
Obsolescence 
What are Options when a lease terminates? - Variations of Purchase, Renew, Return 
What are Differences between operating and true leases? - Operating lease meets none of the of 
FASB 13 criteria and has characteristics of a usage or rental agreement. True Lease meets none of the 
criteria for a lease intended as security for tax purposes and it may Or may no...
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CLFP Exam - Credit Questions and Correct Verified Answers Latest Version
- Exam (elaborations) • 5 pages • 2024
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The chance of not receiving money back in a timely manner and as agreed 
 Credit Risk 
What are the Five C's of Credit & describe them 
 Character- Lessee's reputation and performance on past obligations 
 Cash Flow- Does the lessee have the capacity to repay? 
 Capital- Does the lessee have the ability to withstand a setback? 
 Collateral- What is the value of the asset securing the lease? 
 Conditions- Terms of the contract, economic, industry 
Receive request, collect data, analysis, an...
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