Bank Accounting: Complex Transactions – 4 Part Series

• 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.