Bank Accounting: The Basics - 4-Part Series

Bank Accounting: The Basics - 4-Part Series

Tuesday, January 18, 2022
11:00 am – 1:00 pm Eastern

This 4-part series will be held January 18, 21, 26, and 28.

This learning experience is designed for bankers, accountants and auditors new to banking or 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 to include a discussion of double-entry accounting, the general ledger and the flow of accounting transaction activity into a balance sheet and income statement.
  • The impact of debits and credits posted to the major categories of assets, liabilities, equity, income, and expense.
  • 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.
  • 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.
  • The basic concept of consolidation accounting with sample eliminating entries will be provided.
  • Take-away accounting exercises will be provided to participants after each session.
  • The presentation materials and the extensive exhibit take-aways provide a future reference source to all participants on the accounting topics covered.

Topics Covered:

The webinar series will generally cover all major asset, liability, equity, income, and expense line items in a financial institution’s basic balance sheet and income statement.

January 18, 2022 Series Part 1 (11:00 am - 1:00 pm): The first webinar will explain general accounting practices to include a discussion of double-entry accounting, the general ledger, and U.S GAAP. This part will also focus on the major interest bearing asset categories to include cash and investment securities and the associated income and expenses that flow to the income statement. Accounting entry examples and exercises will be provided.

January 21, 2022 Series Part 2 (11:00 am - 1:00 pm): The second webinar will focus on accounting for loans, to include accruals into the ALLL and interest income. This second part will cover non-interest bearing assets to include premises and equipment, other real estate owned and prepaid expenses with a discussion on the associated expenses that flow to the income statement. Accounting entry examples and exercises will be provided.

January 26, 2022 Series Part 3 (2:30 pm - 4:30 pm): The third webinar will focus on interest-bearing liabilities, to include deposits, borrowings, and debt, and the associated interest expenses that flow to the income statement. The capitalization of interest payable on deposits accounts and the handling of debt issuance costs will also be discussed. This part will also look at the practice of accruing for future expenditures and other liabilities, to include a discussion on official checks and the associated debits and credits that keep the bank’s official checks in balance. Accounting entry examples and exercises will be provided.

January 28, 2022 Series Part 4 (11:00 am - 1:00 pm): The fourth 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.

Who Should Attend?   

The learning experience is designed for those who are new to bank accounting, bank auditing or those who are looking for a refresher on the accounting practices and basic components of the balance sheet and income statement of a financial institution. Time should be allowed for post-session follow up work on accounting exercises provided as part of the learning experience. The presentation information and extensive exhibit take-aways contribute significantly to the learning experience and provide a source for future refence on the accounting topics covered.

Instructor

Cynthia Dopjera

Ms. Dopjera, a Certified Public Accountant, has 38 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, to include 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.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by OnCourse Learning (Total Training Solutions)

If you are having issues with registering online, please contact CBAO's Education, Training & Special Event Coordinator, Malia Widder, (614) 610-1877.

Registration Options (Member/Non-Member Pricing)

Live Plus Five ($995/$1495) – Attend the live event and receive five business days of unlimited access to the OnDemand Playback and links to presenter materials and supplementary handouts.

Live Plus Five (Additional Hookup) ($595/$895) – Registering another banker from a different location for Live Plus Five.

OnDemand Recording ($1065/$1595) – Receive unlimited access to the OnDemand Playback for 6 months and links to presenter materials and supplementary handouts. This option does not include live session attendance.

CD-ROM ($1255/$1885) – Receive the webinar recording on a CD-ROM 7-10 business days after the Live event or your registration date (whichever is the latter). Receive unlimited access to the OnDemand Playback for 6 months and links to presenter materials and supplementary handouts. This option does not include live session attendance.

Live Plus Six ($1315/$1975) – Attend the live event and receive six months of unlimited access to the OnDemand Playback and links to presenter materials and supplementary handouts.

Premier Package ($1425/$2135)– Includes all three base options. Live attendance, OnDemand Playback for six months, and the CD-ROM.

When
1/18/2022

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