Bank Accounting: Beyond the Basics - Part 1

April 1, 2025 | 11:00 am - 11:00 pm EST

The first part of the series will provide the participant with an understanding of the Accounting Standards Codification and the Financial Accounting Standards Board (FASB) along with an overview of selected new accounting standards and the associated implementation timelines. A discussion on the concept of Audit Assertions that apply to major categories of a bank's assets, liabilities and equity will be presented. In addition, this webinar will discuss the concept of "internal controls over financial reporting" and the 4 "Lines of Defense" within a financial institution.

Bank Accounting: Beyond the Basics - Part 2

April 8, 2025 | 11:00 am - 12:00 pm EST

The second part of the series will focus on the loan portfolio and accounting for credit losses on all financial instruments and off-balance-sheet credit exposures as required under ASC Topic 326 (CECL). Accounting for problem loans will be covered to include non-accrual activities and the updated requirements for reporting modified loans under ASC Topic 326.

Bank Accounting: Beyond the Basics - Part 3

April 15, 2025 | 11:00 am - 1:00 pm EST

The third part of the series will focus on accounting for Other Real Estate Owned (OREO), accounting for equity securities, debt securities and the proper accounting for premiums paid on callable debt securities, with an example on applying a Modified Retrospective approach as required with the adoption of new accounting standards. Also, proper accounting and reporting of other-than-temporary-impairments (OTTI) on investment securities under ASC Topic No. 326 (CECL) will be discussed.

Bank Accounting: Beyond the Basics - Part 4

April 22, 2025 | 11:00 am - 1:00 pm CDT

The fourth part of the series will focus on accounting for deferred taxes and accruing for current income tax expense. The concepts behind accounting for stock option plans will also be discussed.

Bank Accounting: Beyond the Basics - Part 5

April 29, 2025 | 11:00 am - 1:00 pm CDT

The fifth part of the series will focus on the U.S GAAP requirements for accounting for a business combination, lease accounting, transactions with a holding company, and the basic components in preparing a set of consolidated financial statements.What You'll Learn:

• An overview of the Accounting Standards Codification (ASC), the concept of Generally Accepted Accounting Principles in the United States (U.S. GAAP) and the role of the Financial Accounting Standards Board (FASB)
  
• An overview of the implementation timelines for new accounting standards impacting the industry, as applicable
  
• An introduction to the concept of audit assertions that are applied to the audit of a financial institution's financial statements
  
• The concept of "internal controls over financial reporting" and the meaning of "lines of defense" in internal controls
  
• An overview of risks vs controls and a sample Risk & Control Matrix
  
• Specific discussions and accounting examples for transactions and activities related to:
  • Deferred tax accounting and accruing for tax expenses
    
  • Accounting and reporting credit losses under CECL
    
  • Problem loan accounting
    
  • Modified loans under current U.S. GAAP
    
  • Accounting for foreclosed real estate
    
  • Accounting for equity securities
    
  • Accounting for debt securities and the required accounting treatment for premiums paid on callable debt securities
    
  • Accounting for lease contracts from the lessee position
    
  • The assumptions required to account for stock options
    
  • The concepts behind accounting for a business combination
    
  • The process for creating consolidated financial statements to include sample transactions with a bank's holding company
• Exhibits illustrating a sample consolidating schedule and the concept of distributing vs non-distributing transfers up to the holding company will be provided
  
• A sample reconciliation of book net income to taxable income will be provided as part of the deferred tax discussion
  
• Illustrations on booking, amortizing, and the tax effects on goodwill and core deposit intangibles resulting from a business combination will be provided.
  Continuing Education Credits:
  
  Click the 'Credits' tab above for information on PHR/SPHR, PDCs, and other CE credits offered by taking this course.
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  Bank Accounting: Beyond The Basics - 5 Part Series

  Live from 4/1/2025 to 4/29/2025 from 11:00am till 1:00pm EST

  Qty: Live Version ($1,299.00)Live + On-Demand ($1,739.00)