Bank Accounting: Beyond the Basics - 5 Part Series

Date:

Apr 1, 2025

Register

Designed for bankers seeking to learn more about the accounting requirements required under U.S. GAAP for significant balance sheet and income statement items reflected on bank financial statements. In addition, the concept behind audit assertions, internal controls over financial reporting, transactions with holding companies and preparing consolidating statements will be covered. All topics will be specific to the activities of a financial institution.

 

Bank Accounting: Beyond the Basics - Part 1
April 1, 2025 | 11:00 am - 1:00 pm EST

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” and the 4 “Lines of Defense” within a financial institution.

 

Bank Accounting: Beyond the Basics - Part 2

The second part of the series will focus on the loan portfolio and accounting for credit losses on all financial instruments and off-balance-sheet credit exposures as required under ASC Topic 326 (CECL). Accounting for problem loans will be covered to include non-accrual activities and the updated requirements for reporting modified loans under ASC Topic 326.

 

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, with an example on applying a Modified Retrospective approach as required with the adoption of new accounting standards. Also, proper accounting and reporting of other-than-temporary-impairments (OTTI) on investment securities under ASC Topic No. 326 (CECL) will be discussed.

 

Bank Accounting: Beyond the Basics - Part 4

The fourth part of the series will focus on accounting for deferred taxes and accruing for current income tax expense. The concepts behind accounting for stock option plans will also be discussed.

 

Bank Accounting: Beyond the Basics - Part 5

The fifth part of the series will focus on the U.S GAAP requirements for accounting for a business combination, lease accounting, transactions with a holding company, and the basic components in preparing a set of consolidated financial statements.

Agenda


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” and the 4 “Lines of Defense” within a financial institution.

  • An overview of the 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)
  • An overview of the implementation timelines for new accounting standards impacting the industry, as applicable
  • An introduction to the concept of audit assertions that are applied to the audit of a financial institution’s financial statements
  • The concept of “internal controls over financial reporting” and the meaning of “lines of defense” in internal controls
  • An overview of risks vs controls and a sample Risk & Control Matrix
  • Specific discussions and accounting examples for transactions and activities related to:
    • Deferred tax accounting and accruing for tax expenses
    • Accounting and reporting credit losses under CECL
    • Problem loan accounting
    • Modified loans under current U.S. GAAP
    • 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
    • Accounting for lease contracts from the lessee position
    • 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
  • 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 as part of the deferred tax discussion
  • Illustrations on booking, amortizing, and the tax effects on goodwill and core deposit intangibles resulting from a business combination will be provided.
Topics

Topics

  • Accounting/Reporting
  • Auditing
  • Reporting

Roles

  • Branch Manager
  • Controller/Accountant
  • Internal Auditor
  • Senior Management
  • Training Manager
  • Trainer

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 set of consolidated financial statements.

Speaker(s)

Cynthia 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.

Fees

$1,299.00or 5 Tokens

Available Upgrades: 
12 Months OnDemand Playback $440.00
12 Months OnDemand Playback + Digital Download $630.00
Additional Live Access $625.00 per person

Association Contact

Brooke McCormack, Education Meeting Coordinator
bmccormack@indiana.bank
317-387-9380