Schedule RC and Schedule RI: The Anchor Schedules

In this webinar, you'll enhance your knowledge and skills for precise and reliable reporting on Schedule RC and Schedule RI.

Recorded Wednesday,
April 10th, 2024
Presented by Andrea Lambert
2h total length
2 CPE Credits
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

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

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The schedules featured in the Call Report are repositories of detailed information corresponding to line items reported in Schedule RC – Balance Sheet and Schedule RI – Income Statement. If the information reported in these pivotal schedules (RC and RI) is inaccurate, the potential for errors throughout the entire Call Report increases significantly. In this webinar, participants will develop a deep understanding of the reporting requirements for these fundamental schedules. This training can be used to supplement annual comprehensive Call Report training that is highly recommended by Regulatory authorities.

What You'll Learn

Schedule RC:

  • When to reclassify negative account balances
  • How to report cash items in the process of collection
  • Distinguishing between equity securities reportable in item 2.c and those reportable in other assets item 11
  • Reporting unposted loans and deposits
  • Reporting requirements for loans held for sale and loans held for investment
  • What to include and exclude from premises and equipment
  • Reporting OREO and changes in value of the properties held in OREO
  • Intangibles and measuring for impairment
  • Reporting investments in unconsolidated subsidiaries
  • Reporting deferred tax components as other assets and other liabilities
  • What types of liabilities are included in total deposits
  • Secured borrowings to include participations sold that fail to meet the accounting requirements established under ASC Topic No. 860
  • Understanding various equity transactions and other equity components to include Other Comprehensive Income

Schedule RI:

  • Reporting loan income by type code and what to include and exclude
  • Reporting interest and dividend income on debt and equity securities to include the proper amortization of premiums on callable debt securities
  • What to include in the Allowance for Credit Losses
  • Reporting gains and losses on sales of investments, loans and other assets
  • What fees should be reported as service charges on deposit accounts
  • Major categories of non-interest expense items and what to include in each category
  • How to allocate other noninterest income and expense items for further reporting in Schedule RI-E
  • Reporting income tax expense under the accrual method of accounting

Who Should Attend

Whether you are a newcomer or a seasoned professional, this program offers value to anyone involved in preparing, reviewing, or signing a Call Report.

Field of Study:Accounting

Skill level:Basic


Advanced Preparation:None

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

Schedule RC and Schedule RI: The Anchor Schedules has been approved for 2 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.