2012 Accounting/Auditing Series

A series of 6 webinars for community bank accounting and audit staff!

WEBINAR OR ON-DEMAND WEB LINK (LINK INCLUDES FREE CD ROM)

Keeping up with ever-changing accounting and auditing issues is among the biggest challenges facing banks’ internal specialists today. Whether your business card says CFO, Financial Manager, Auditor, or Manager, your ability to grasp “the numbers” is an essential skill and a vital part of your contribution to the success of the institution.

This series is designed for staff of all skill levels. Participants will benefit from the latest financial-management strategies and techniques designed to take their skills to the next level. Newer specialists may want to attend all six sessions, while more-experienced employees may select topics to meet their specific needs. In addition, attendance verification for CE credits will be provided upon request.

You may register for the entire series or for individual sessions. By signing up for the entire series, you will receive 6 webinars for the price of 5. It’s a simple, economical solution for training accounting and auditing staff.

Accounting/Auditing Series Topics

• Troubled Debt Restructuring Issues: The Accountant’s Perspective
• Auditing Capital Records: Are Your Bank’s Squeaky Clean?
• Accounting & Auditing Reports to the Board
• Recent Accounting Developments & a Look Ahead
• Accounting for OREO
• Dissecting Loan Loss Reserves

Read more about your registration options here.

 

Session Dates & Descriptions

12:00 pm - 1:30 pm Pacific   1:00 pm - 2:30 pm Mountain   2:00 pm - 3:30 pm Central   3:00 pm - 4:30 pm Eastern

Click on presenters' names below for more information.

This presentation will address six regulators’ concerns about TDR policies and procedures. It will provide regulatory descriptions related to experiencing financial difficulty and granting a concession. Proper risk classification, reporting status, and impairment analysis will also be covered.

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Not all financial institutions know how to properly maintain their critical, permanent capital records. Recent bank audits reveal incorrect shareholder lists, federal law violations, illegal investment instruments, missing documents, shoddy recordkeeping, and poor internal controls. This webinar will address all these areas and more. Critical permanent capital records can be squeaky clean with the right training. Do you really know who your shareholders are? This must-attend webinar will provide the tools and steps you need to ensure your bank’s capital records pass examiner scrutiny.

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Accounting is often considered a “stagnant” part of the bank’s operations, but is it? “Stagnant” couldn’t be further from the truth! Accounting standards change and the pressure on the audit function has been elevated in recent years, which has put additional demands on management’s role and responsibility in reporting to the board. This proactive webinar will provide an understanding of how to better work with the board and senior managers when reporting the accounting results of the operations. It will include key numbers and ratios to look for, a guide through priority board reports, specialized focus on earnings, pending new lease-accounting changes, and fair value accounting.

In addition, this webinar will emphasize the audit function, including a brief review of the audit report, the management letter, the role of the audit and compliance committees, and training audit committee members.

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Several accounting updates continue to affect the banking industry. This webinar will cover the latest FASB implementation and changes, including important updates on accounting for leases, troubled debt restructurings, and the new expected loan loss reserve models. In addition, we will cover a wide range of topics such as updates to goodwill accounting; implementation of the new credit quality of financing receivables and the allowance for credit losses disclosures; changes to comprehensive income presentation; loan participations; operational issues related to purchase accounting for loans; accounting for bank financed OREO sales; and other timely topics.

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A bank’s Other Real Estate Owned (OREO) policies and procedures are reviewed during their safety and soundness examination. Accounting for OREO has not changed in recent years, however, this topic has become a major concern due to the changes in the economy. This webinar will cover OREO accounting from acquisition to sale, including considerations if you plan to finance the sale of the OREO. In addition some of the most common questions related to accounting for OREO will be addressed. Join us and brush up your skills on the proper procedures.

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Your analysis of your loan portfolio and loan loss reserves should include an assessment of changes in economic conditions and collateral values and their direct impact on credit quality. If certain types of loans show a trend in decreasing credit quality, the ALLL level as a percentage of the portfolio should generally increase.

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