Bank Accounting: The Basics – Part 3
This 4-part series will be held January 18, 21, 26, and 28. You can register for the full event here.
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.
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 26, 2022 Series Part 3: 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.
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.
Cynthia 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.
- OnDemand Recording – $295
- CD-ROM – $345