2019 Accounting for Financial Institutions: 301 (3-Part Webinar Series) (2019-05-23)

This 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 301

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

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.