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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.

OnDemand
April 5, 2022
April 7, 2022
April 11, 2022
April 14, 2022
Presented by Cynthia Dopjera
$1,049.00 or 4 Tokens

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Reporting
  • Branch Manager
  • Controller/Accountant
  • Internal Auditor
  • Senior Management

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This 4-part series will be held April 5, 7, 11 and 14, 2022

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”.
  • 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.
    • Accounting for equity securities
    • 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.
    • The process for creating consolidated financial statements to include sample transactions with a bank’s holding company.
    • A basic understanding on how to prepare a statement of cash flows.
  • 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.

Included Webinars

  • Bank Accounting: Beyond the Basics Part 1
  • Bank Accounting: Beyond the Basics Part 2
  • Bank Accounting: Beyond the Basics Part 3
  • Bank Accounting: Beyond the Basics Part 4

Series Details

Bank Accounting: Beyond the Basics Part 1

Bank Accounting: Beyond the Basics Part 2

Bank Accounting: Beyond the Basics Part 3

Bank Accounting: Beyond the Basics Part 4

Covered Topics

April 5, 2022 Series Part 1: The first part of the series will provide the participant with an understanding of the Accounting Standards Codification and the Financial Accounting Standards Board (FASB) along with an overview of selected new accounting standards and the associated implementation timelines. A discussion on the concept of Audit Assertions that apply to major categories of a bank’s assets, liabilities and equity will be presented. In addition, this webinar will discuss the concept of “internal controls over financial reporting”.

April 7, 2022 Series Part 2: The second part of the series will focus on accounting for deferred taxes and accruing for current income tax expense. Accounting for problem loans will be covered and includes non-accrual activities and accounting for loans that have been modified under a troubled debt restructuring (TDR).

April 11, 2022 Series Part 3: The third part of the series will focus on accounting for Other Real Estate Owned (OREO), accounting for equity securities, debt securities and the proper accounting for premiums paid on callable debt securities, leases under the new lease accounting standard, and the concepts behind accounting for stock option plans.

April 14, 2022 Series Part 4: The fourth part of the series will focus on the concepts behind accounting for a business combination, the basic components in preparing a set of consolidated financial statements, and a beginner’s look at how to prepare a statement of cash flows.

Who Should Attend

The course is designed for those who understand the basis of bank accounting and desire to have a deeper understanding of the accounting for more complex activities. In addition, a member of the accounting team that participates in the audit process and works with the bank’s financial statement auditors will improve their understanding of the basic concepts behind the audit assertions and control activities that apply to key area of the bank’s financial statements, to include the basic concepts of consolidations and preparing a statement of cash flows.


Cynthia Dopjera

Instructor Bio

Ms. Dopjera, a Certified Public Accountant, has 38 years of experience focused on accounting and regulatory reporting for financial institutions. During the first 18 years of her career, Ms. Dopjera held various positions with responsibility across all operational areas, to include accounting, internal audit, Call Report preparation and review while working for community as well as regional banks.

In 2000, Ms. Dopjera joined the public accounting firm of Harper & Pearson Company, P.C., where she served as Practice Leader for the Firm?s financial institutions practice covering community and regional institutions. The Firm?s services included financial statement audit, accounting, tax preparation and filing, internal control audit, Call Report audit, loan and asset quality review, and design and implementation of internal controls over financial reporting frameworks for institutions regulated under FDICIA and Sarbanes-Oxley. In 2018, Ms. Dopjera retired from Harper & Pearson Company, and currently provides accounting, consulting, and training services to financial institutions.