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Bank Accounting: Beyond the Basics - 4 Part Series

Are you ready to master the art of accounting for complex bank transactions? Then this series is a must-attend! This informative series will cover the critical concepts of audit assertions, internal controls over financial reporting, consolidating statements, and the statement of cash flows, all specifically tailored to the unique activities of financial institutions. With the increasing complexity of financial reporting, now is the time to upskill and gain a deeper understanding of the accounting requirements for your industry.

OnDemand
April 7, 2023
April 14, 2023
April 21, 2023
April 28, 2023
2 Presenters
2h total length
$1,049.00 or 4 Tokens

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Accounting/Reporting
  • Auditing
  • Reporting
  • Branch Manager
  • Controller/Accountant
  • Internal Auditor
  • Senior Management
  • Trainer

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  • 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)
  • Implementation of timelines for new accounting standards impacting the industry
  • Concept of audit assertions that are applied to the audit of a financial institution’s financial statements
  • Concept of “internal controls over financial reporting”
  • Exercises and exhibits illustrating common bank “risks and controls”
  • 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

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”.

Bank Accounting: Beyond the Basics - 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).

Bank Accounting: Beyond the Basics - 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.

Bank Accounting: Beyond the Basics - 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.

What You'll Learn

Each webinar in the series will cover specific topics relative to the subject matter.

Who Should Attend

The course is designed for those who understand the basis of bank accounting and desire to have a deeper understanding of 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 areas 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 40 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, including 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.

Andrea Lambert

Instructor Bio

Andrea Lambert is currently lending her skills as a trainer and consultant as a member of the 3PR staff. Andrea has over 20 years of banking experience with a broad range of financial and operational skills. She began her banking career as a part-time teller and bookkeeper as she completed her B.S. in Finance from Illinois State University. In 2005, she started a seven-year career with the Office of the Comptroller of the Currency as an associate national bank examiner, becoming familiar with rules and regulations, best practices, and success strategies as they relate to the call report process and the banking industry as a whole. In 2012, Andrea filled the cashier position at a local community bank. During the ten years she worked there, she was responsible for ensuring the accuracy of various operational components of the bank, with a focus on call report preparation.

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