The US Equipment Leasing and Finance Association (ELFA) has introduced an online course in financial statement analysis, aimed at helping leasing industry professionals make "informed credit decisions".

According to the Association, its Financial Statement Analysis course will allow participants to leverage financial statement analysis to increase their proficiency in assessing both risk and the creditworthiness of middle market businesses.

Developed in conjunction with Moody’s Analytics, the course will cover fundamentals for credit professionals, as well as future-focused skills such as projecting and forecasting, during the course of the 6-8 hours necessary to complete it.

The EFLA says the course is the only one of its kind specific to the equipment finance industry and expects it to prove particularly interesting to credit analysts, underwriters, portfolio managers and credit officers.

William Sutton, president and chief executive officer of the ELFA said: "ELFA is proud to deliver superior education and training to the equipment leasing and finance community.

"Our new Financial Statement Analysis course — designed and developed by our member practitioners in partnership with Moody’s Analytics — puts self-paced training in the essentials of financial analysis and credit risk assessment at industry members’ fingertips," he added.