Mar 26, 2024
This course is designed for those who understand the basics of bank accounting and want a deeper understanding for more complex activities. In addition, members of the accounting team who participate in the audit process and work 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, including the basic concepts of consolidations and preparing a statement of cash flows.
Included Webinars
The fifth part of the series will focus on the concepts behind accounting for a business combination, the basic components in preparing a set of consolidated financial statements, and a beginner’s look at how to prepare a statement of cash flows.
What You'll Learn
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
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
Exercises and exhibits illustrating common bank “risks and controls”
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
Illustrations on booking, amortizing, and the tax effects on goodwill and core deposit intangibles resulting from a business combination will be provided
Who Should Attend
This course is designed for bankers seeking an understanding of accounting for more complex bank transactions as required under U.S. GAAP, along with the concepts behind audit assertions, internal controls over financial reporting, consolidating statements and the statement of cash flows. All topics will be specific to the activities of a financial institution.
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.
Available Upgrades
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380