Bank Accounting for Beginners - Part 3

Designed for bankers new to the accounting department and those seeking a refresher course on the basic accounting concepts targeted for the activities of a financial institution. This series will cover:

General application of accounting practices for the major categories of assets, liabilities, equity, income, and expense. A sample balance sheet and income statement will be discussed.
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.
Beginners discussion on the principles of consolidation with examples and sample consolidating schedule.
Discussions related to basic and important internal controls with description of why controls are important to the overall accounting and financial reporting process of the institution.

Topics

August 6, 2020 Series Part 3: The third 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.

Additional Information

WHO SHOULD ATTEND?

This course is designed for those who are new to bank accounting or those who are looking for a refresher on the basic components of the financial statements of a financial institution.