Day_1 || 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.

Day_2 || 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.

Day_3 || 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.

Day_4 || 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.