Bank Accounting for Beginners - 4 Part Series
This learning experience is designed for bankers, accountants, and auditors new to banking or the accounting department and those seeking a refresher course on the basic accounting concepts targeted for the activities of a financial institution. This series will cover:

• General application of accounting practices to include a discussion of double-entry accounting, the general ledger, and the flow of accounting transaction activity into a balance sheet and income statemen
• The impact of debits and credits posted to the major categories of assets, liabilities, equity, income, and expense.
• An overview of the Accounting Standards Codification (ASC) and the concept of Generally Accepted Accounting Principles in the United States (U.S. GAAP) and the role of the Financial Accounting Standards Board (FASB).
• Examples and exercises to illustrate accounting transactions for a major asset, liability, equity, income, and expense items will play a significant role in the learning experience.
• Discussions related to basic and important internal controls with a description of why controls are important to the overall accounting and financial reporting process of the institution.
• The basic concept of consolidation accounting with sample eliminating entries will be provided.
• Take-away accounting exercises will be provided to participants after each session.
• The presentation materials and the extensive exhibit takeaways provide a future reference source to all participants on the accounting topics covered.

Bank Accounting: Beyond the Basics - 4 Part Series
Designed for bankers seeking to gain an understanding of accounting for more complex bank transactions as required under U.S. GAAP, along with the concept behind audit assertions, internal controls over financial reporting, consolidating statements and the statement of cash flows. All topics will be specific to the activities of a financial institution. This series will cover:

• 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.
• 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”.
• Exercises and exhibits illustrating common bank “risks and controls”.
• 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.
• Illustrations on booking, amortizing, and the tax effects on goodwill and core deposit intangibles.
• Specific discussions and accounting examples for transactions and activities related to:
  • Deferred tax accounting and accruing for tax expenses.
  • Problem loan accounting. Accounting for foreclosed real estate.
  • The process for creating consolidated financial statements to include sample transactions with a bank’s holding company.
  • Accounting for debt securities and the required accounting treatment for premiums paid on callable debt securities.
  • The concepts behind the new lease accounting standard.
  • The assumptions required to account for stock options.
  • The concepts behind accounting for a business combination.
  • A basic understanding on how to prepare a statement of cash flows.
  • Accounting for equity securities