Understanding the UCA Cash Flow: Practical Applications in Underwriting

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Does your bank rely heavily on EBITDA (earnings before interest, taxes, depreciation, amortization) methods of evaluating cash flow? EBITDA analysis is often a good place to start when analyzing a commercial loan request. However, it does not account for the effects that things like dividends, distributions, capital asset purchases or sales, or changes in turnover ratios, can have on a business’s cash available for debt service. In 1988, the Financial Accounting Standards Board put forth the Statement of Cash Flows, which gave rise to the Uniform Credit Analysis cash flow, enabling accountants and analysts to more accurately determine sources and uses of cash within a business. When incorporated with ratio and industry analyses, credit analysts can readily determine the focus of borrower management and anticipate future financing needs, as well as support risk ratings with meaningful, insightful cash flow analysis. This webinar will introduce in-depth concepts, thoroughly review examples, and provide tools that can be used immediately to provide solid repayment analysis.


  • Pay-back analysis: comparing EBITDA analysis to UCA – strengths and weaknesses of both
  • How to prepare a statement of cash flows
  • Detailed analysis of each section: operations, investments, financing
  • Incorporating UCA concepts into a loan analysis and/or approval memo
  • Using UCA to determine customer management strategies
  • Taking credit analysis to the highest levels of confidence in predicting future cash flows
  • Policy and procedure enhancements to incorporate UCA into your day-to-day analysis


  • Manual that details the presentation and policy/procedure suggestions
  • Examples that can be referenced for any borrower and any situation
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key


This informative session will be most beneficial for beginning- to intermediate-level credit analysts, loan officers, and portfolio managers. Business development officers and other new commercial business generating personnel will also benefit because of the insights into future credit needs of borrowers. Workout or problem loan personnel will benefit, as the UCA will highlight where, when, and how financial challenges begin for a borrower and how they can be addressed.

ABOUT THE PRESENTER – Dave Dalessandro, Young & Associates, Inc.

David Dalessandro brings over 30 years of banking and regulatory experience to Young & Associates. He specializes in improving loan and credit administration for financial institutions. Building on an accounting degree from Penn State, David focuses on detecting and resolving commercial loan issues, including workout, legal, and documentation strategies. His experience includes serving as Chief Credit Officer of a $1B community bank; Credit Audit Director for a large regional bank; and Senior VP responsible for all commercial and credit activities for several community banks. In addition to developing and delivering training for the Federal Reserve Board and Ohio Society of CPAs, David has also been an accounting instructor at Kent State University, East Liverpool, and Ashtabula campuses.

Originally recorded on May 2, 2018.

Recorded webinar link is available until November 30, 2018.

Free Digital Copy included with purchase to download and view beyond link expiration date.

Price includes sales tax.