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Bank Accounting: Complex Transactions - 4 Part Series

Designed for financial institution employees seeking to gain an understanding of accounting for more complex transactions as required under U.S. GAAP. All topics will be specific to the activities of a financial institution.

Upcoming
October 7, 2024
October 16, 2024
October 18, 2024
October 22, 2024
Presented by Cynthia Dopjera
8 CPE Credits
$1,129.00 or 4 Tokens

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Accounting/Reporting
  • Auditing
  • Reporting
  • Branch Manager
  • Controller/Accountant
  • Internal Auditor
  • Senior Management
  • Training Manager
  • Trainer

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Included Webinars

  • Bank Accounting: Complex Transactions - Part 1
  • Bank Accounting: Complex Transactions - Part 3
  • Bank Accounting: Complex Transactions - Part 2
  • Bank Accounting: Complex Transactions - Part 4

Series Details

Bank Accounting: Complex Transactions - Part 1

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.

Bank Accounting: Complex Transactions - Part 3

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.

Bank Accounting: Complex Transactions - Part 2

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.

Bank Accounting: Complex Transactions - Part 4

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.

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)
  • The requirements under ASC Topic 326 for accounting and reporting credit losses under CECL, to include off-balance sheet exposures
  • Modified loan accounting
  • Accounting for acquired loans
  • Accounting for loan fees and costs
  • Accounting for loans held for sale
  • Accounting for foreclosed real estate
  • Deferred tax accounting and accruing for tax expenses
  • Accounting for equity securities
  • Accounting for debt securities, to include credit loss accounting under CECL, and the required accounting treatment for premiums paid on callable debt securities
  • Accounting for lease contracts from the lessee position
  • Accounting for contingencies
  • The assumptions required to account for stock-based compensation
  • Accounting for certain life insurance agreements
  • The concepts behind accounting for a business combination
  • 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

The course is designed for those who understand the basis of bank accounting and desire to have a deeper understanding of the accounting for more complex activities that routinely impact an institution’s financial statements.

Field of Study:Accounting

Skill level:Basic

Prerequisites:None

Advanced Preparation:None

Cynthia Dopjera

Instructor Bio

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.

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.

Continuing Education Credit Information

Bank Accounting: Complex Transactions - 4 Part Series has been approved for 8 CPE credits. Credits are redeemable for Live attendance only.

OnCourse Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Students can contact OnCourse Learning via email at support@oncourselearning.com to lodge complaints or issues.

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