Tuesday, July 30, 2019
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)
This 3-part Accounting Webinar Bootcamp is 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.
Accounting 101: Unique Depository Accounting Principles for Financial Institutions
This first session illustrates a few of the unique bookkeeping mechanisms that depository institution’s follow –daily balancing and single-entry bookkeeping.
This financial services 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
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.
1.5 CPE Credits