Posts tagged with "accounting webinar"

Accounting for Income Taxes – The New US Tax Cut Environment

Register Now

2018 Tax Reform Act

This critical and timely bank accounting webinar addresses important deferred tax asset and liability issues specifically covered in FASB Statement No. 109 (ASC 740.10) and the recently issued ASU 2018-03. It puts the focus on one-time entries such as large tax effects of repatriation dollars; and the accounting for holding gains or losses on available-for-sale securities included in other comprehensive income (OCI) and stranded in OCI when there is a tax rate change enacted – unless ASU 2018-03 is implemented.

This accounting webinar presentation is timely and should be welcomed by those faced with the need to understand accounting for income taxes. It is especially useful for those closing the books and preparing financial statements for their company’s year end. It will refresh attendees with the accounting for income tax rules and their importance going forward in future years based on the newly enacted 2018 Tax Reform Act implications.

Specific topics include:

  • The balance sheet approach when accounting for income taxes
  • The handling (from creation to ultimate disposition) of deferred tax assets and deferred tax liabilities
  • The need for a valuation account (a “contra” account) in certain circumstances to reduce deferred tax assets to net realizable value (NRV)
  • Implications for financial institutions and lenders from 2018 Tax Reform Act
  • Specific examples of both temporary and permanent differences

Learning objectives include:

  • The historical problems associated with accounting for income taxes.
  • How the balance sheet approach dramatically changed income tax accounting.
  • The fundamentals surrounding the accounting for income taxes.
  • Future activities and their impact on deferred tax assets and/or liabilities.
  • The different handling of temporary differences and permanent differences.
  • The creation of the balances in the deferred tax asset and deferred tax liability accounts
  • The need for a valuation account when it is more likely than not (MLTN) that the net deferred tax asset will not be realized in full.
  • Basic provisions of SFAS 109 (ASC 740-10)

Date of Event

Thursday, March 28, 2019
12:00 – 1:30 pm ET
11:00 – 12:30 pm CT
10:00 – 11:30 am MT
9:00 – 10:30 am PT

Pricing
$249 for Webinar plus playback*
*Playbacks do NOT expire and may be shared internally

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez
Founder
PSA Professional Service Associates

About the Speaker(s)

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

Register Now Pay by Check

Proper Classification of Loans on Call Report Schedule RC-C, Part I – Loans and Leases

Register Now

Call Report Accounting

There is no doubt that the instructions for properly completing the Call Report are challenging. The most confusing of all the Schedules, arguably, is the loan schedule, Schedule RC-C. The definitions seem to be ambiguous. Many preparers simply find Schedule RC-C to be overwhelmingly difficult. Much of that difficulty stems from the uniqueness of each loan. Each individual loan seems to be unique and often there is very little similarity among the loans.

This bank accounting webinar is designed to make the classification challenges for RC-C easier to deal with. It takes the mystique out of the classification process. It attempts to put the general classification “rules” into a simple to understand process. After this accounting webinar, preparers should have less difficulty with Schedule RC-C.

This 90-minute accounting webinar uses actual Call Report filings to highlight the mechanics and interplay between Schedules RC, Schedule RC-C and the intricacies of Schedule RC-C, Memoranda Section 1, dealing with maturities of loans.

The banking webinar establishes for the attendees basic priority rules concerning security, borrower and purposes when determining classifications of loans. It reviews the 8 major loan captions, the lease caption and the unearned income caption on Schedule RC-C. It also discusses the controversial and always difficult problems distinguishing between nonfarm nonresidential properties that are “owner occupied” (Line 1e1) and “other” (Line 1e2). It also discusses inclusions and exclusions from each loan schedule line, particularly loans to finance agricultural production and other loans to farmers; consumer loans and C&I loans. It also explains the differences between lines 9a and lines 9b1 and Line 9b2, Loans to nondepository financial institutions and other loans. The handling of the unearned income on loans (individual or in total on Line 11) is also discussed.

Other issues covered in this bank accounting webinar:

  • Issues dealing with accounting for “sales” of loans as either secured lending or as a sale will also be discussed.
  • A focus is placed on how loans are handled for maturity bucket purposes, using actual Call Report numbers.
  • Considerable class time is used to discuss and explain TDR concerns and accounting for TDRs. Lesser time is allocated to small business and small farm loans.
  • All personnel who prepare or review either the FFIEC 031 or FFIEC 041 will benefit from this concise coverage of the difficult and challenging Schedule RC-C.

Date of Event

Thursday, March 14, 2019
2:00 – 3:30 pm ET
1:00 – 2:30 pm CT
12:00 – 1:30 pm MT
11:00 – 12:30 pm PT

Pricing
$249 for Webinar plus playback*
*Playbacks do NOT expire and may be shared internally

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez
Founder – PSA Professional Service Associates

 

About Paul Sanchez

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

Register Now Pay by Check

Call Report Changes To-Date: Critical Quarterly Updates for Preparing Current Reports

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Accounting

This quarterly 90-minute update reviews, discusses and provides examples for important changes affecting the next required Call Report and changes to the last quarterly Call Report filed.  For example, this accounting webinar will cover changes for the upcoming March quarterly filing and changes from the recently completed December quarter.

In addition, other important past changes that still seem to be troublesome and may still create problems for Call Report preparers and reviewers will be re-addressed.

All of the issues and changes covered fall into several categories such as the following:

  • Schedules used for the first time
  • New lines on existing schedules
  • Deleted lines on existing schedules
  • Changes (usually increases) to existing threshold amounts (e.g. “complete certain line if the included amount is in excess of $10 million” – now changed to $100 million
  • Revised lines on existing schedules
  • Combined lines on existing schedules
  • Changes to instruction book guidance

This accounting webinar is an especially helpful refresher for those experienced Call Report preparers who need to know what has recently changed and what will soon be changed. Also, this training is useful for newcomers who need to know the recent changes and whether they have been properly made.

This BankersHub accounting webinar is a necessary tool for all preparers who must be current in order to be in substantial compliance with Call Report regulatory requirements.

Date of Event

Thursday, February 28, 2019
2:00 – 3:30 pm ET
1:00 – 2:30 pm CT
12:00 – 1:30 pm MT
11:00 – 12:30 pm PT

Pricing
$249 for Webinar plus playback*
*Playbacks do NOT expire and may be shared internally

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez
Founder – PSA Professional Service Associates

About Paul Sanchez

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

Register NowPay by Check

2019 Accounting for Financial Institutions: 101, 201, 301 (3-Part Webinar Series)

Register Now

Financial Accounting Principles for BanksThis is 3-part Accounting Webinar Bootcamp designed to give anyone involved in management of a financial services institution (bank or credit union) the essentials of financial institutional accounting and financial statements. A series designed not only for persons in the accounting and finance areas, but also as a refresher for seasoned managers and supervisors who need a working knowledge of the aspects and elements unique to financial services accounting.

This 3-part Bank Accounting webinar series is designed for professionals with some prior exposure to bank finances.

Register for 1,2 or all 3 parts (and save $$$!)

 

Accounting 101

Unique Depository Accounting Principles for Financial Institutions     

Tuesday, February 19, 2019

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 am MT
  • 9:00 – 10:30 am PT

This 90-minute session illustrates a few of the unique bookkeeping mechanisms that depository institution’s follow –daily balancing and single-entry bookkeeping.

This first installment accounting webinar also explains and provides examples of the following unique bank GAAP accounting issues such as:

  • Accounting for non-refundable fees and costs – illustrations
  • The recording of OREO (“other real estate owned”) and accounting for the sale of OREO
  • Various off-balance-sheet disclosures
  • Allowance for Loan & Lease Losses (ALLL) – CECL

Accounting 201

Illustrative Bank GAAP Financial Statements for Financial Institutions

Wednesday, February 20, 2019

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 am MT
  • 9:00 – 10:30 am PT

This 90-minute accounting webinar provides attendees with a succinct explanation of GAAP financial statements:

  • Balance sheet
  • Income statement
  • Statement of changes in stockholders’ equity
  • Statement of cash flows
  • Statements of Accumulated Other Comprehensive Income (AOCI)
  • Notes to GAAP financial statements
  • Auditor’s report on GAAP
  • Supplemental data
  • MD&A

Illustrative examples of the essential GAAP presentation data (statements and notes) are reviewed and explained. An overview of the Balance Sheet, Income Statement and notes provides attendees with an essential basic knowledge of typical GAAP financials for a bank or other depository institution.

This overview-type, “big picture” presentation is an excellent preview for Bootcamp Part 3, which focuses on the elements (captions) of the financial statements in detail.

Accounting 301

In-Depth Financial Statement Elements (Assets, Liabilities, Income, Equity)

Thursday, February 21, 2019

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 am MT
  • 9:00 – 10:30 am PT

This final part is a natural, logical follow up to Bootcamp Part 2. Part 3 covers the details behind the financial statement items presented in Part 2. It uses illustrations of the Part 2 financial statements and detailed explanations to explain items such as:

  • Composition of Cash and Due from Banks
  • The Right of Setoff for Receivables and Payables
  • Money Market Investments (Interest Bearing Deposits; Fed Funds Sold; Securities Purchased Under Agreement to Re-Sell)
  • Investments (HTM, AFS and Trading Securities)
  • Investments Purchased at Discount or Premium
  • Security Gains and Losses – Realized and Unrealized
  • Loans and Loan Accounting Issues
  • Overview of Loan Reserve Activity
  • PP&E
  • Accrued Interest Receivable
  • Other Assets
  • Deposits – Demand and Time
  • Official Checks
  • Fed Funds Purchased and Securities Sold Under Agreement to Re-Purchase
  • Accrued Interest Payable
  • Other Liabilities
  • Equity Accounts
  • Income Statement Items

Newcomers to GAAP financial statements for depository institution will take away a wealth of knowledge relating to depository accounting. Experienced banking personnel (accounting, finance, treasury and others) will be provided with a valuable update and refresher.

Part 3 and the other 2 parts will give the attendees a solid foundation for dealing with GAAP financial statements and the unique portions related to depository institutions.

Pricing

$549 for 3 sessions plus playbacks*
$249 for individual sessions plus playbacks*

*Playbacks do NOT expire and may be shared internally
Register for Session 101 ONLY
Register for Session 201 ONLY
Register for Session 301 ONLY

Credits per Session

  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez CPA
Founder – PSA Professional Services Associates

About the Speaker

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

Register Now Pay by Check

2019 Accounting for Financial Institutions: 101, 201, 301 (3-Part Webinar Series)

Register Now

Financial Accounting Principles for BanksThis is 3-part Accounting Webinar Bootcamp designed to give anyone involved in management of a financial services institution (bank or credit union) the essentials of financial institutional accounting and financial statements. A series designed not only for persons in the accounting and finance areas, but also as a refresher for seasoned managers and supervisors who need a working knowledge of the aspects and elements unique to financial services accounting.

This 3-part Bank Accounting webinar series is designed for professionals with some prior exposure to bank finances.

Register for 1,2 or all 3 parts (and save $$$!)

 

Accounting 101

Unique Depository Accounting Principles for Financial Institutions     

Tuesday, February 19, 2019

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 am MT
  • 9:00 – 10:30 am PT

This 90-minute session illustrates a few of the unique bookkeeping mechanisms that depository institution’s follow –daily balancing and single-entry bookkeeping.

This first installment accounting webinar also explains and provides examples of the following unique bank GAAP accounting issues such as:

  • Accounting for non-refundable fees and costs – illustrations
  • The recording of OREO (“other real estate owned”) and accounting for the sale of OREO
  • Various off-balance-sheet disclosures
  • Allowance for Loan & Lease Losses (ALLL) – CECL

Accounting 201

Illustrative Bank GAAP Financial Statements for Financial Institutions

Wednesday, February 20, 2019

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 am MT
  • 9:00 – 10:30 am PT

This 90-minute accounting webinar provides attendees with a succinct explanation of GAAP financial statements:

  • Balance sheet
  • Income statement
  • Statement of changes in stockholders’ equity
  • Statement of cash flows
  • Statements of Accumulated Other Comprehensive Income (AOCI)
  • Notes to GAAP financial statements
  • Auditor’s report on GAAP
  • Supplemental data
  • MD&A

Illustrative examples of the essential GAAP presentation data (statements and notes) are reviewed and explained. An overview of the Balance Sheet, Income Statement and notes provides attendees with an essential basic knowledge of typical GAAP financials for a bank or other depository institution.

This overview-type, “big picture” presentation is an excellent preview for Bootcamp Part 3, which focuses on the elements (captions) of the financial statements in detail.

Accounting 301

In-Depth Financial Statement Elements (Assets, Liabilities, Income, Equity)

Thursday, February 21, 2019

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 am MT
  • 9:00 – 10:30 am PT

This final part is a natural, logical follow up to Bootcamp Part 2. Part 3 covers the details behind the financial statement items presented in Part 2. It uses illustrations of the Part 2 financial statements and detailed explanations to explain items such as:

  • Composition of Cash and Due from Banks
  • The Right of Setoff for Receivables and Payables
  • Money Market Investments (Interest Bearing Deposits; Fed Funds Sold; Securities Purchased Under Agreement to Re-Sell)
  • Investments (HTM, AFS and Trading Securities)
  • Investments Purchased at Discount or Premium
  • Security Gains and Losses – Realized and Unrealized
  • Loans and Loan Accounting Issues
  • Overview of Loan Reserve Activity
  • PP&E
  • Accrued Interest Receivable
  • Other Assets
  • Deposits – Demand and Time
  • Official Checks
  • Fed Funds Purchased and Securities Sold Under Agreement to Re-Purchase
  • Accrued Interest Payable
  • Other Liabilities
  • Equity Accounts
  • Income Statement Items

Newcomers to GAAP financial statements for depository institution will take away a wealth of knowledge relating to depository accounting. Experienced banking personnel (accounting, finance, treasury and others) will be provided with a valuable update and refresher.

Part 3 and the other 2 parts will give the attendees a solid foundation for dealing with GAAP financial statements and the unique portions related to depository institutions.

Pricing

$549 for 3 sessions plus playbacks*
$249 for individual sessions plus playbacks*

*Playbacks do NOT expire and may be shared internally
Register for Session 101 ONLY
Register for Session 201 ONLY
Register for Session 301 ONLY

Credits per Session

  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez CPA
Founder – PSA Professional Services Associates

About the Speaker

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

Register Now Pay by Check

Accounting for Income Taxes – The New US Tax Cut Environment

Register Now

2018 Tax Reform Act

This critical and timely bank accounting webinar addresses important deferred tax asset and liability issues specifically covered in FASB Statement No. 109 (ASC 740.10) and the recently issued ASU 2018-03. It puts the focus on one-time entries such as large tax effects of repatriation dollars; and the accounting for holding gains or losses on available-for-sale securities included in other comprehensive income (OCI) and stranded in OCI when there is a tax rate change enacted – unless ASU 2018-03 is implemented.

This accounting webinar presentation is timely and should be welcomed by those faced with the need to understand accounting for income taxes. It is especially useful for those closing the books and preparing financial statements for their company’s year end. It will refresh attendees with the accounting for income tax rules and their importance going forward in future years based on the newly enacted 2018 Tax Reform Act implications.

Specific topics include:

  • The balance sheet approach when accounting for income taxes
  • The handling (from creation to ultimate disposition) of deferred tax assets and deferred tax liabilities
  • The need for a valuation account (a “contra” account) in certain circumstances to reduce deferred tax assets to net realizable value (NRV)
  • Implications for financial institutions and lenders from 2018 Tax Reform Act
  • Specific examples of both temporary and permanent differences

Learning objectives include:

  • The historical problems associated with accounting for income taxes.
  • How the balance sheet approach dramatically changed income tax accounting.
  • The fundamentals surrounding the accounting for income taxes.
  • Future activities and their impact on deferred tax assets and/or liabilities.
  • The different handling of temporary differences and permanent differences.
  • The creation of the balances in the deferred tax asset and deferred tax liability accounts
  • The need for a valuation account when it is more likely than not (MLTN) that the net deferred tax asset will not be realized in full.
  • Basic provisions of SFAS 109 (ASC 740-10)

Date of Event

Tuesday, February 19, 2019
2:00 – 3:30 pm ET
1:00 – 2:30 pm CT
12:00 – 1:30 pm MT
11:00 – 12:30 pm PT

Pricing
$249 for Webinar plus playback*
*Playbacks do NOT expire and may be shared internally

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez
Founder
PSA Professional Service Associates

About the Speaker(s)

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

Register Now Pay by Check

2019 Accounting for Financial Institutions: 101, 201, 301 (3-Part Webinar Series)

Register Now

Financial Accounting Principles for BanksThis is 3-part Accounting Webinar Bootcamp designed to give anyone involved in management of a financial services institution (bank or credit union) the essentials of financial institutional accounting and financial statements. A series designed not only for persons in the accounting and finance areas, but also as a refresher for seasoned managers and supervisors who need a working knowledge of the aspects and elements unique to financial services accounting.

This 3-part Bank Accounting webinar series is designed for professionals with some prior exposure to bank finances.

Register for 1,2 or all 3 parts (and save $$$!)

 

Accounting 101

Unique Depository Accounting Principles for Financial Institutions     

Tuesday, February 19, 2019

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 am MT
  • 9:00 – 10:30 am PT

This 90-minute session illustrates a few of the unique bookkeeping mechanisms that depository institution’s follow –daily balancing and single-entry bookkeeping.

This first installment accounting webinar also explains and provides examples of the following unique bank GAAP accounting issues such as:

  • Accounting for non-refundable fees and costs – illustrations
  • The recording of OREO (“other real estate owned”) and accounting for the sale of OREO
  • Various off-balance-sheet disclosures
  • Allowance for Loan & Lease Losses (ALLL) – CECL

Accounting 201

Illustrative Bank GAAP Financial Statements for Financial Institutions

Wednesday, February 20, 2019

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 am MT
  • 9:00 – 10:30 am PT

This 90-minute accounting webinar provides attendees with a succinct explanation of GAAP financial statements:

  • Balance sheet
  • Income statement
  • Statement of changes in stockholders’ equity
  • Statement of cash flows
  • Statements of Accumulated Other Comprehensive Income (AOCI)
  • Notes to GAAP financial statements
  • Auditor’s report on GAAP
  • Supplemental data
  • MD&A

Illustrative examples of the essential GAAP presentation data (statements and notes) are reviewed and explained. An overview of the Balance Sheet, Income Statement and notes provides attendees with an essential basic knowledge of typical GAAP financials for a bank or other depository institution.

This overview-type, “big picture” presentation is an excellent preview for Bootcamp Part 3, which focuses on the elements (captions) of the financial statements in detail.

Accounting 301

In-Depth Financial Statement Elements (Assets, Liabilities, Income, Equity)

Thursday, February 21, 2019

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 am MT
  • 9:00 – 10:30 am PT

This final part is a natural, logical follow up to Bootcamp Part 2. Part 3 covers the details behind the financial statement items presented in Part 2. It uses illustrations of the Part 2 financial statements and detailed explanations to explain items such as:

  • Composition of Cash and Due from Banks
  • The Right of Setoff for Receivables and Payables
  • Money Market Investments (Interest Bearing Deposits; Fed Funds Sold; Securities Purchased Under Agreement to Re-Sell)
  • Investments (HTM, AFS and Trading Securities)
  • Investments Purchased at Discount or Premium
  • Security Gains and Losses – Realized and Unrealized
  • Loans and Loan Accounting Issues
  • Overview of Loan Reserve Activity
  • PP&E
  • Accrued Interest Receivable
  • Other Assets
  • Deposits – Demand and Time
  • Official Checks
  • Fed Funds Purchased and Securities Sold Under Agreement to Re-Purchase
  • Accrued Interest Payable
  • Other Liabilities
  • Equity Accounts
  • Income Statement Items

Newcomers to GAAP financial statements for depository institution will take away a wealth of knowledge relating to depository accounting. Experienced banking personnel (accounting, finance, treasury and others) will be provided with a valuable update and refresher.

Part 3 and the other 2 parts will give the attendees a solid foundation for dealing with GAAP financial statements and the unique portions related to depository institutions.

Pricing

$549 for 3 sessions plus playbacks*
$249 for individual sessions plus playbacks*

*Playbacks do NOT expire and may be shared internally
Register for Session 101 ONLY
Register for Session 201 ONLY
Register for Session 301 ONLY

Credits per Session

  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez CPA
Founder – PSA Professional Services Associates

About the Speaker

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

Register Now Pay by Check

Accounting for Income Taxes – The New US Tax Cut Environment

Register Now

2018 Tax Reform Act

This critical and timely bank accounting webinar addresses important deferred tax asset and liability issues specifically covered in FASB Statement No. 109 (ASC 740.10) and the recently issued ASU 2018-03. It puts the focus on one-time entries such as large tax effects of repatriation dollars; and the accounting for holding gains or losses on available-for-sale securities included in other comprehensive income (OCI) and stranded in OCI when there is a tax rate change enacted – unless ASU 2018-03 is implemented.

This accounting webinar presentation is timely and should be welcomed by those faced with the need to understand accounting for income taxes. It is especially useful for those closing the books and preparing financial statements for their company’s year end. It will refresh attendees with the accounting for income tax rules and their importance going forward in future years based on the newly enacted 2018 Tax Reform Act implications.

Specific topics include:

  • The balance sheet approach when accounting for income taxes
  • The handling (from creation to ultimate disposition) of deferred tax assets and deferred tax liabilities
  • The need for a valuation account (a “contra” account) in certain circumstances to reduce deferred tax assets to net realizable value (NRV)
  • Implications for financial institutions and lenders from 2018 Tax Reform Act
  • Specific examples of both temporary and permanent differences

Learning objectives include:

  • The historical problems associated with accounting for income taxes.
  • How the balance sheet approach dramatically changed income tax accounting.
  • The fundamentals surrounding the accounting for income taxes.
  • Future activities and their impact on deferred tax assets and/or liabilities.
  • The different handling of temporary differences and permanent differences.
  • The creation of the balances in the deferred tax asset and deferred tax liability accounts
  • The need for a valuation account when it is more likely than not (MLTN) that the net deferred tax asset will not be realized in full.
  • Basic provisions of SFAS 109 (ASC 740-10)

Date of Event

Wednesday, January 9, 2019
12:00 – 1:30 pm ET
11:00 – 12:30 pm CT
10:00 – 11:30 am MT
9:00 – 10:30 am PT

Pricing
$249 for Webinar plus playback*
*Playbacks do NOT expire and may be shared internally

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez
Founder
PSA Professional Service Associates

About the Speaker(s)

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

Register Now Pay by Check

Proper Classification of Loans on Call Report Schedule RC-C, Part I – Loans and Leases

Register Now

Call Report Accounting

There is no doubt that the instructions for properly completing the Call Report are challenging. The most confusing of all the Schedules, arguably, is the loan schedule, Schedule RC-C. The definitions seem to be ambiguous. Many preparers simply find Schedule RC-C to be overwhelmingly difficult. Much of that difficulty stems from the uniqueness of each loan. Each individual loan seems to be unique and often there is very little similarity among the loans.

This bank accounting webinar is designed to make the classification challenges for RC-C easier to deal with. It takes the mystique out of the classification process. It attempts to put the general classification “rules” into a simple to understand process. After this accounting webinar, preparers should have less difficulty with Schedule RC-C.

This 90-minute accounting webinar uses actual Call Report filings to highlight the mechanics and interplay between Schedules RC, Schedule RC-C and the intricacies of Schedule RC-C, Memoranda Section 1, dealing with maturities of loans.

The banking webinar establishes for the attendees basic priority rules concerning security, borrower and purposes when determining classifications of loans. It reviews the 8 major loan captions, the lease caption and the unearned income caption on Schedule RC-C. It also discusses the controversial and always difficult problems distinguishing between nonfarm nonresidential properties that are “owner occupied” (Line 1e1) and “other” (Line 1e2). It also discusses inclusions and exclusions from each loan schedule line, particularly loans to finance agricultural production and other loans to farmers; consumer loans and C&I loans. It also explains the differences between lines 9a and lines 9b1 and Line 9b2, Loans to nondepository financial institutions and other loans. The handling of the unearned income on loans (individual or in total on Line 11) is also discussed.

Other issues covered in this bank accounting webinar:

  • Issues dealing with accounting for “sales” of loans as either secured lending or as a sale will also be discussed.
  • A focus is placed on how loans are handled for maturity bucket purposes, using actual Call Report numbers.
  • Considerable class time is used to discuss and explain TDR concerns and accounting for TDRs. Lesser time is allocated to small business and small farm loans.
  • All personnel who prepare or review either the FFIEC 031 or FFIEC 041 will benefit from this concise coverage of the difficult and challenging Schedule RC-C.

Date of Event

Wednesday, December 12, 2018
12:00 – 1:30 pm ET
11:00 – 12:30 pm CT
10:00 – 11:30 am MT
9:00 – 10:30 am PT

Pricing
$249 for Webinar plus playback*
*Playbacks do NOT expire and may be shared internally

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez
Founder – PSA Professional Service Associates

 

About Paul Sanchez

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

FDIC Call Report Preparation – 4 Part Webinar Series

Register Now

Sections of the Call Report continue to change for your experienced preparers. Do you have a trained backup that could complete all sections of your call report in the event your primary preparer was unable to?

CFOs, Bank Accountants, Bookkeepers, and any other members of their support teams know the importance of staying current with both the fundamentals of Call Report preparation as well as the ongoing changes to forms, schedules, tables and reporting requirements associated with these critical bank documents.

This 4-part Bank Accounting Webinar will cover the following schedules:

  • RI – Report of Income and related schedules;
  • Loan schedules RC-C – Loans and Leases, RC-L – Off-Balance Sheet Item, RC-N – Past Due and Nonaccrual Loans, and
    RC –SU – Supplemental Information; RC-R – Risk-Based Capitol; and
  • Deposit schedules including:
    • RC-E, – Deposit Liabilities,
    • RC-K – Quarterly Averages, and
    • RC-O―Other Data for Deposit Insurance and FICO Assessments.

Pricing

$549 for Webinar and Playback*
*Playback has no expiration and may be shared internally.

Dates of Event

Friday, October 5/12/19/26, 2018

  • 12:00 – 1:00 pm (Eastern Time)
  • 11:00 – 12:00 pm (Central Time)
  • 10:00 – 11:00 am (Mountain Time)
  • 9:00 – 10:00 am (Pacific Time)

Credits

  • 4.0 CPE Credits

Your Speaker(s)

Danielle Heidemann

Senior Specialist

Wipfli CPAs and Consultants

About the Speaker(s)

Danielle Heidemann is an internal audit senior specialist in Wipfli LLP’s financial institutions practice.  Focused on providing internal audit and Bank Secrecy Act (BSA) services, she has extensive financial industry knowledge and experience.  Danielle is skilled at evaluating internal controls and assisting clients with practical and value-added recommendations.

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