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). Part 1 will also dive into the accounting requirements for credit losses under CECL, accounting for non-accrual loans, modified loans, acquired loans, loans held for sale, and loan fees and costs.

The second part of this series will focus on accounting for deferred taxes and accruing current tax expense/benefit. Additional tax matters involving holding companies, windfall tax benefits and business combination tax impacts will also be discussed.

The third part of the series will focus on accounting for Other Real Estate Owned (OREO), lease accounting and accounting for contingencies. In addition, this part will look at accounting for debt and equity securities to include the accounting requirements for impairment and credit losses under CECL. An example of the application of a modified retrospective approach to adopting new accounting standards will also be presented.

The fourth part of the series will focus on the concepts behind accounting for stock option plans, the accounting for exercise of stock options, and other stock based compensation. Examples of certain life insurance transactions will also be presented. In addition, business combination accounting will be discussed.