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Bank Accounting: Boot Camp on the Basics - 5 Part Series

The webinar series will generally cover all major asset, liability, equity, income, and expense line items in a financial institution’s basic balance sheet and income statement.

OnDemand
August 8, 2023
August 10, 2023
August 14, 2023
August 18, 2023
August 23, 2023
2 Presenters
2h total length
10 CPE Credits
$1,209.00 or 5 Tokens

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

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

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Each part in this series is 2 hours in length.

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.

  • 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 statement.
  • 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 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.

Included Webinars

  • Bank Accounting: Boot Camp on the Basics - Part 1
  • Bank Accounting: Boot Camp on the Basics - Part 2
  • Bank Accounting: Boot Camp on the Basics - Part 3
  • Bank Accounting: Boot Camp on the Basics - Part 4
  • Bank Accounting: Boot Camp on the Basics - Part 5

Series Details

Bank Accounting: Boot Camp on the Basics - Part 1

The first webinar will explain general accounting practices to include a discussion of double-entry accounting, the general ledger, and U.S. GAAP. This part will also focus on accounting for cash and amounts due from correspondent banks. Accounting entry examples and exercises will be provided.

Bank Accounting: Boot Camp on the Basics - Part 2

The second webinar will focus on accounting for Investment securities and loans, to include accounting for premiums and discounts and unrealized gains and losses on investments, and accruals into the allowance for loan losses. The associated income and expenses that flow through the income statement as part of the accounting cycle for these assets will also be covered. Accounting entry examples and exercises will be provided.

Bank Accounting: Boot Camp on the Basics - Part 3

The third webinar will cover non-interest bearing assets to include premises and equipment, other real estate owned and prepaid expenses with a discussion on the associated expenses that flow to the income statement. This part will include a discussion on official checks and the associated debits and credits that keep the bank’s official checks in balance. Accounting entry examples and exercises will be provided.

Bank Accounting: Boot Camp on the Basics - Part 4

The fourth webinar will cover interest bearing liabilities, to include deposits, borrowings, and debt, and the associated interest expenses that flow to the income statement. The capitalization of interest payable on deposits accounts and the handling of debt issuance costs will also be discussed. This part will also look at the practice of accruing for future expenditures and other liabilities, to include a discussion on booking contingencies. Accounting entry examples and exercises will be provided.

Bank Accounting: Boot Camp on the Basics - Part 5

The fifth webinar will focus on the equity section of an institution’s balance sheet, to include the basic concept of common equity instruments and the roll forward of the current year’s net income or net losses into the equity equation. Accounting entry examples and exercises will be provided. The basic concepts of consolidation accounting will also be discussed in this last part of the series.

What You'll Learn

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

Who Should Attend

The learning experience is designed for those who are new to bank accounting, bank auditing or those who are looking for a refresher on the accounting practices and basic components of the balance sheet and income statement of a financial institution. Time should be allowed for post-session follow-up work on accounting exercises provided as part of the learning experience. The presentation information and extensive exhibit takeaways contribute significantly to the learning experience and provide a source for future reference on the accounting topics covered.

Field of Study:Accounting

Skill level:Basic

Prerequisites:Familiarity with your Bank’s general ledger.

Advanced Preparation:No advanced preparation required.

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.

Continuing Education Credit Information

Bank Accounting: Boot Camp on the Basics - 5 Part Series has been approved for 10 CPE credits. Credits are redeemable for Live attendance only.

OnCourse Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Students can contact OnCourse Learning via email at support@oncourselearning.com to lodge complaints or issues.

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