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Accounting for Financial Institutions: 101, 201, 301 (3-Part Webinar Series)

September 19, 2018 @ 12:00 pm - 1:30 pm EDT

|Recurring Event (See all)

An event every day that begins at 12:00pm, repeating until September 21, 2018


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Financial Accounting Principles for BanksThis is 3-part Accounting Webinar Bootcamp designed to give anyone involved in management of a financial services institution (bank or credit union) the essentials of financial institutional accounting and financial statements. A series designed not only for persons in the accounting and finance areas, but also as a refresher for seasoned managers and supervisors who need a working knowledge of the aspects and elements unique to financial services accounting.

This 3-part Bank Accounting webinar series is designed for professionals with some prior exposure to bank finances.

Register for 1,2 or all 3 parts (and save $$$!)

Accounting 101

Unique Depository Accounting Principles for Financial Institutions              

Wednesday, September 19, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 am MT
  • 9:00 – 10:30 am PT

This 90-minute webinar covers a few of the unique accounting issues that affect GAAP financial statements for depository institutions.

Although there are many unique situations and accounting solutions for depository institutions this webinar focuses on the following four (4) important accounting topics.

  1. Accounting for Non-Refundable Fees and Costs

The webinar illustrates how the up-front non-refundable items are included with the amount of a loan and how the net amount is accounted for (with journal entry illustrations) over the life of the loan. This is an excellent review of the “old,” but still required, SFAS No. 91 (ASC 310).

  1. Recording OREO and Accounting for the Sale of OREO

This explains how a loan could “morph” into a foreclosed asset (OREO) and eventually be sold or otherwise disposed of. The accounting for putting the foreclosed asset on the books and the method prescribed to remove the OREO from the books (full accrual, cost recovery and deposit methods) are illustrated in detail. How to use SFAS No. 66 (ASC 360) and how to apply LOCM rules is covered.

  1. Off-Balance Sheet Disclosure

Coverage focuses on the various ways to present disclosures about financial instruments (FIs) with off-balance sheet risk and FIs with concentrations of credit risk.

The section includes an analysis of SFAS 105 (ASC 825-50) and what it is attempting to accomplish. Illustrations of disclosure footnotes including fair value issues addressed in “old” SFAS 107 (ASC 825-10) are studied in depth.

  1. Accounting for the Allowance for Loans and Lease Losses

This section covers the current inherent loss accounting method requirement for ALLL and the soon-to-be-implemented CECL (Current Expected Credit Loss) method. Explanations of the transition to CECL are provided along with examples of various CECL methods that can be used.

The entire 90-minute webinar is a concise review of a few of the important, unique GAAP depository accounting issues.

Accounting 201

Illustrative Bank GAAP Financial Statements for Financial Institutions

Thursday, September 20, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 am MT
  • 9:00 – 10:30 am PT

This 90-minute webinar provide attendees with a succinct explanation of GAAP financial statements:

  • Balance sheet
  • Income statement
  • Statement of changes in stockholders’ equity
  • Statement of cash flows
  • Statements of Accumulated Other Comprehensive Income (AOCI)
  • Notes to GAAP financial statements
  • Auditor’s report on GAAP
  • Supplemental data
  • MD&A

Illustrative examples of the essential GAAP presentation data (statements and notes) are reviewed and explained. An overview of the Balance Sheet, Income Statement and notes provides attendees with an essential basic knowledge of typical GAAP financials for a bank or other depository institution.

This overview-type, “big picture” presentation is an excellent preview for Bootcamp Part 3, which focuses on the elements (captions) of the financial statements in detail.

Accounting 301

In-Depth Financial Statement Elements (Assets, Liabilities, Income, Equity)

Friday, September 21, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 am MT
  • 9:00 – 10:30 am PT

This part is a natural, logical follow up to Bootcamp Part 2. Part 3 covers the details behind the financial statement items presented in Part 2. It uses illustrations of the Part 2 financial statements and detailed explanations to explain items such as:

  • Composition of Cash and Due from Banks
  • The Right of Setoff for Receivables and Payables
  • Money Market Investments (Interest Bearing Deposits; Fed Funds Sold; Securities Purchased Under Agreement to Re-Sell)
  • Investments (HTM, AFS and Trading Securities)
  • Investments Purchased at Discount or Premium
  • Security Gains and Losses – Realized and Unrealized
  • Loans and Loan Accounting Issues
  • Overview of Loan Reserve Activity
  • PP&E
  • Accrued Interest Receivable
  • Other Assets
  • Deposits – Demand and Time
  • Official Checks
  • Fed Funds Purchased and Securities Sold Under Agreement to Re-Purchase
  • Accrued Interest Payable
  • Other Liabilities
  • Equity Accounts
  • Income Statement Items

Newcomers to GAAP financial statements for depository institution will take away a wealth of knowledge relating to depository accounting. Experienced banking personnel (accounting, finance, treasury and others) will be provided with a valuable update and refresher.

Part 3 and the other 2 parts will give the attendees a solid foundation for dealing with GAAP financial statements and the unique portions related to depository institutions.


$549 for 3 sessions plus playbacks*
$249 for individual sessions plus playbacks*

*Playbacks do NOT expire and may be shared internally
Register for Session 1 ONLY
Register for Session 2 ONLY
Register for Session 3 ONLY


  • 4.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez CPA
Founder – PSA Professional Services Associates

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About Paul Sanchez

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.


September 19, 2018
12:00 pm - 1:30 pm
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