With Call Reports, everything begins with the balance sheet Schedule RC and income statement Schedule RI. This session will focus on Schedules RC and RI to help Call Report preparers and reviewers accurately report bank assets, liabilities, and income. The most common mistakes in classifying assets and liabilities on Schedules RC, RC-F, and RC-G, and in reporting bank income and expense on Schedules RI and RI-E will be addressed. The basics of investment reporting on Schedule RC-B and deposit reporting on Schedule RC-E will also be covered.
- Why Call Reports are required and how they are used by examiners and others
- Coverage of the primary balance sheet and income statement schedules RC and RI
- Tips for completing supporting Call Report schedules including:
- Investments reporting in RC-B
- Deposits reporting in RC-E
- Other assets and other liabilities reporting in RC-F and RC-G
- Importance of consistency between schedules RC and RI and average balances schedule RC-K
- Commonly misreported items in schedules RC and RI and supporting schedules
- PDF booklet that includes relevant regulatory guidance and Call Report schedules with helpful notes and supplementary information
- Employee training log
- Quiz to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed for new Call Report preparers and experienced preparers needing a refresher. CFOs, controllers, accounting and operations personnel, and others responsible for ensuring Call Report accuracy will benefit.
PLEASE NOTE: The live webinar option allows you to have one internet connection (from a single computer terminal). You may have as many people as you like listen and watch from your office computer.
ABOUT THE PRESENTERS – Michael Gordon & Kris Trainor, Mauldin & Jenkins, LLC
Michael Gordon is a CPA and director in the Atlanta office of Mauldin & Jenkins, LLC. He received his Bachelor’s in European History and Economics in 2003 from Vanderbilt University and received his MBA with a concentration in Accounting in 2005 from the Georgia Institute of Technology Scheller College of Business. Since joining Mauldin & Jenkins in 2005, he has focused on financial institution audits and employee benefit plans. Michael also has experience with HUD and governmental entity audits. He is a member of the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants.
Kris Trainor is a partner in the Atlanta office of Mauldin & Jenkins, LLC. He received his BBA in Accounting from Georgia Southern University in 1995. Since joining Mauldin & Jenkins in 1995, Kris has focused on financial institution services, including audit, tax, and consulting. He has continued his education by attending various audit and tax classes and is a member of the American Institute of Certified Public Accountants, the Georgia Society of Certified Public Accountants, and the Association of Certified Fraud Examiners. Kris is a CPA in Georgia and previously served on the AICPA’s Examination Content Subcommittee for the audit section of the CPA exam.