NEW! Introduction to Bank Accounting

$499.00/learner

This course is an introduction to the preparation and interpretation of bank financial statements. Over the past several years, we have seen accounting requirements move from a historical cost basis towards fair value accounting, which makes sense for most banks today. This program will explain the basics of fair value accounting, as well as accounting for bank deposits, investments, loans, leases, etc. The real focus of this course is on the meaning and usefulness of accounting information for decision-making and understanding that financial reports to a large extent are based on estimates, judgments and models. With volatility and the resulting possible changes in value to which financial instruments are exposed, the economic sense and determination of interest rate and credit losses is a central component of accounting.

  • Date: TBD 2023
  • Recommended CPE Credits: 4
  • Duration: 4 Hours
  • Time:1:00 p.m.-5:00 p.m. ET

Product Information

Description

This course is an introduction to the preparation and interpretation of bank financial statements. Over the past several years, we have seen accounting requirements move from a historical cost basis towards fair value accounting, which makes sense for most banks today. This program will explain the basics of fair value accounting, as well as accounting for bank deposits, investments, loans, leases, etc. The real focus of this course is on the meaning and usefulness of accounting information for decision-making and understanding that financial reports to a large extent are based on estimates, judgments and models. With volatility and the resulting possible changes in value to which financial instruments are exposed, the economic sense and determination of interest rate and credit losses is a central component of accounting.

Course Objectives

By the end of the course, participants will be able to:

  • Recognize accounting entries for deposits, loan, investments, and loss provisions
  • Explain bank financial statements
  • Explain difference between non interest and net interest income
  • Describe the main expense categories, such as loss provisions, taxes, etc.
  • Recognize requirements and methods for recording impairment charges and investment income
  • Recognize volatile financial statements line items that primarily rely on estimates

Suggested Prerequisites: None

Program Level: Foundational

Target Audience: Anyone who wants to learn about bank accounting, such as auditors, bank regulators/examiners, and financial analysts

Advance Preparation: None

Computers and Financial Calculators: N/A

Recommended CPE Credits: 4

Duration: 4 hours

Time: 1:00 p.m.-5:00 p.m. ET

Price: $499/learner