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.
August 19, 2021 Series 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 the major interest bearing asset categories to include cash, investment securities and loans and the associated income and expenses that flow to the income statement. Accounting entry examples and exercises will be provided.
August 20, 2021 Series Part 2: The second webinar will focus on non-interest bearing assets to include premises and equipment, other real estate owned and prepaid expenses, to include the associated expenses that flow to the income statement. This part will also look at the practice of accruing for future expenditures and other liabilities, to 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.
August 24, 2021 Series Part 3: The third webinar will focus on a 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. Accounting entry examples and exercises will be provided.
August 27, 2021 Series Part 4: The fourth 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.