Posts tagged with "bank accounting"

Overview of ALM Asset Liability Management for Interest Rate Risk and the Role of ALCO

Register Now

Accounting

This 90-minute accounting training provides an overview of ALM. It focuses on ALM principles and ALM measurement techniques, and auditor or reviewer issues with ALM.

It covers important ALM topics such as:

  • Understanding liability sensitivity
  • Monitoring the mismatch of maturing interest sensitive assets and liabilities
  • Understanding management’s view of the future direction of interest rates
  • Reviewing strategies used to react to unexpected changes in interest rates
  • Managing IRR
  • Understanding “immunity”
  • Understanding “position management”
  • Managing the “gap” position

The accounting training reviews and discusses IRR. It analyzes ways to deal with the ALM net asset- liability gap. It emphasizes the importance of valuing interest sensitive assets and liabilities at current market prices (fair value), as well as the importance of hedging fair value positions. It discusses the composition of the ALM committee (ALCO) and the decisions expected of that high level committee. Attention is focused on ALCO approaches to IRR management such as:

  • Net interest income analysis (NII)
  • Net present value analysis (NPV)

Examples are provided to attendees to help them learn about simulation models, particularly dynamic simulation, and also about the use of “duration” analysis. Auditor or reviewer issues are addressed, outlining an audit approach that includes:

  • Reviewing the ALM policy
  • Verifying the numbers used by the ALCO to make ALM decisions
  • Making a commitment re: the future direction of rates and how to react to rate changes
  • Comparing actual results to expected results (back test)

The accounting webinar provides an excellent review of ALM and a sound, overall understanding of the ALM function and how to best perform ALM audit coverage.

Date of Event

Thursday, March 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 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

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

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.

Register Now Pay by Check

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.

Register Now Pay by Check

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.

Register Now Pay by Check

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.

Register Now Pay by Check

New FASB Changes: Understanding Proper Bank Revenue Recognition

Register Now

This is the first of the trifecta of changes that will be changing the face of financial reporting over the next three years (for public firms) and next four (for private firms). The first is Revenue Recognition (2018), the second Leasing (2019) and finally CELC (2020) (Current Expected Loss Calculation). Each of these will be required one year later for private firms.

This new standard is the most transformational change in the history of the FASB. It will touch nearly every company. But even many public companies are not ready for the implementation. For some companies, revenues will be accelerated. For others, it will be postponed. For some, it will never appear. But it is not only revenues that are at issue. Expenses recognition patterns will also change. This will have implications on not just earnings but incentive compensation calculations. It will impact all aspects of a company.

If you are a loan officer, credit officer, loan underwriter, accountant, financial analyst or loan reviewer you will need to be prepared on how to interpret the new statements. Otherwise you may be missing great opportunities to lend or invest. You may also miss out on opportunities to consult with the business community to get additional leads.

By attending this webinar, you will gain:

  • A High level understanding of the overall new standard
  • Implications of the new standard on the balance sheet and income statement of
    your clients
  • Side by side comparison of the reporting to use to develop analysis templates
  • How revenue can disappear especially in a merger or acquisition
  • Implications for gift cards and certificates
  • How your risk rating system may be impacted

Pricing

Only $249 for Webinar and Playback!*
*At BankersHub, our Playbacks have NO ARBITRARY EXPIRATION and may be shared internally!

Date of Events

Tuesday, October 2, 2018

  • 12:00 – 1:30 pm (Eastern Time)
  • 11:00 – 12:30 pm (Central Time)
  • 10:00 – 11:30 am (Mountain Time)
  • 9:00 – 10:30 am (Pacific Time)

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker

MaryAnn Lawrence 
Former member of FASB Private Company Financial Reporting Committee
Retired SVP and Deputy General Auditor in Charge of Credit Risk Review, KeyCorp
Senior Lecturer, Cleveland State University
maryann lawrence

About the Speaker

MaryAnn Lawrence continues a 20-year career of teaching undergraduate and graduate course in business law, bank management, financial statement analysis, markets and institutions and principles of finance at Cleveland State University. She retired three years ago after over 25 years of responsibility for credit evaluation specialists who independently gauged the quality, collectability, and grading stratification of the commercial loan portfolio by in depth analysis of financial statements along with industry and economic data. Because of her credit expertise as well as my knowledge of accounting and how bankers use financial statements, she served during the six-year tenor of the Private Company Financial Reporting Committee of the Financial Accounting Standard Board. She continues to act as a consultant to FASB and RMA.

Register Now Pay by Check

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              

Wednesday, September 19, 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

This 90-minute webinar covers a few of the unique accounting issues that affect GAAP financial statements for depository institutions.

Although there are many unique situations and accounting solutions for depository institutions this webinar focuses on the following four (4) important accounting topics.

  1. Accounting for Non-Refundable Fees and Costs

The webinar illustrates how the up-front non-refundable items are included with the amount of a loan and how the net amount is accounted for (with journal entry illustrations) over the life of the loan. This is an excellent review of the “old,” but still required, SFAS No. 91 (ASC 310).

  1. Recording OREO and Accounting for the Sale of OREO

This explains how a loan could “morph” into a foreclosed asset (OREO) and eventually be sold or otherwise disposed of. The accounting for putting the foreclosed asset on the books and the method prescribed to remove the OREO from the books (full accrual, cost recovery and deposit methods) are illustrated in detail. How to use SFAS No. 66 (ASC 360) and how to apply LOCM rules is covered.

  1. Off-Balance Sheet Disclosure

Coverage focuses on the various ways to present disclosures about financial instruments (FIs) with off-balance sheet risk and FIs with concentrations of credit risk.

The section includes an analysis of SFAS 105 (ASC 825-50) and what it is attempting to accomplish. Illustrations of disclosure footnotes including fair value issues addressed in “old” SFAS 107 (ASC 825-10) are studied in depth.

  1. Accounting for the Allowance for Loans and Lease Losses

This section covers the current inherent loss accounting method requirement for ALLL and the soon-to-be-implemented CECL (Current Expected Credit Loss) method. Explanations of the transition to CECL are provided along with examples of various CECL methods that can be used.

The entire 90-minute webinar is a concise review of a few of the important, unique GAAP depository accounting issues.

Accounting 201

Illustrative Bank GAAP Financial Statements for Financial Institutions

Thursday, September 20, 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

This 90-minute webinar provide 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)

Friday, September 21, 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

This 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 1 ONLY
Register for Session 2 ONLY
Register for Session 3 ONLY

Credits

  • 4.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez CPA
Founder – PSA Professional Services Associates

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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.