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Unique Bank Accounting GAAP Issues

July 11 @ 1:00 pm - 2:30 pm



Attendees will: 

Understand the way accounting “rules” are made by the FASB in the private sector

Focus on recent accounting trends that emphasize:

Balance sheet over income statement

Current values over historical costs

Full disclosure over detailed schedules

Focus on the general principles underlining GAAP “rules”

Appreciate unique peculiarities of bank accounting

Comprehend the intricacies of bank financial statements

Master the complete set of financial statements and related schedules and reports

This bank compliance session introduces and explains how bank accounting “rules” are made in the US.

It also includes discussions of recent accounting trends such as:

Emphasis on balance sheet in place of emphasis on the income statement

Movement toward more use of current values in financial statements

Emphasis on disclosure of business risks (both recorded and off-balance sheet)

Additionally, the following underlying accounting concepts are covered to help accountants and others understand the general principles covered by the authoritative accounting literature.

Entity Concept

Going Concern Concept

Stable Monetary Unit Concept (Historical Cost)


Revenue Realization/Recognition

Doctrine of Conservatism


Asset Valuation

Fair Presentation/Full Disclosure

Certain unique accounting peculiarities (i.e. daily balances, single-entry bookkeeping, non-refundable fees, OREO, loan loss reserves etc.) will be reviewed along with coverage about the typical bank GAAP balance sheet and income statement and the other information that “travels” with those GAAP financial statements. Also, briefly covered are the:

Importance of the Footnotes to GAAP Financial Statements

Auditor’s Report on Financial Statements

Other “Supplemental” Financial Statement Data

MD&A (Management Discussion & Analysis)

Typical Ratios (liquidity, turnover, leverage and profitability) used by bank financial statement analysts

This Bank Accounting and GAAP Financial Statements session is essential for all bank management personnel.

Why Should You Attend

Attendees should attend to learn the basics underlying GAAP accounting for bank financial statements. The webinar will:

Erase the fear and apprehension that often accompanies the uniqueness of bank accounting

Pinpoint and facilitate the understanding of the unique GAAPs

Classify any uncertainty with respect to how bank’s record, classify and interpret financial transactions in GAAP financial statement format

Analyze the financial statements, footnotes, and the accompanying information

Allow attendees to master the GAAP financial statement requirements for banks

Eliminate the common misconception that bank accounting is “difficult”

Learn about the presentation of bank financial statements, particularly the income statement and the statement of cash flows

Enhance your abilities to analyze and use bank financial statements

Grasp the “so-called” unique aspects of bank accounting so the financial statements can be used as an analytical tool for reviewing the banks financial position and its results of operations

Further broaden your analytical skills with respect to financial statements

Learn why and how bank accounting is formulated

Understand the importance of footnotes

Compare and contrast the meaning of various ratios with the financial statement reported dollar amounts

Learn what is the typical content of the “other supplemental data”

Distinguish between the various types of audit reports that can be issued

Areas Covered in this Webinar

The webinar will cover areas designed to help attendees:

Obtain an overview of Generally Accepted Accounting Principle (GAAP), including the public sector rule making mechanism, the current accounting trends and the FASB’s conceptual framework

Understand unique banking features such as:

Daily balancing and posting of transactions to the trial balances

Single entry bookkeeping

Continuous departmental accounting (due to; due from)

The “proof” function

Separate ledgers and memo

Review a listing of various unique bank accounting issues

Focus on detail accounting for investments in debt, and equity securities

Master GAAP financials and related footnotes

Analyze other information that “travels” with the GAAP financial statements including:

Auditor’s report

Management report on internal control over financial reporting

Supplemental data


Comprehend the importance placed on the balance sheet activity as opposed to income statement matters

Distinguish between permanent impairment and other than temporary impairment (OTTI)

Understand why accounts normally with debit balances wind up with credit balances

Understand why accounts normally with credit balances wind up with debit balances

Understand the key words in the audit report and other reports

Comprehend the need for clear language in the M,D&A and contrast the M,D&A coverage with the financial statement information

Learning Objectives

Learn GAAP rule making mechanism

Understand various unique accounting issues

Analyze journal entries and GAAP disclosures for accounting for marketable securities

Analyze bank GAAP financial statements

Who Will Benefit

Financial professionals (controllers, treasurer, etc.)

Internal auditors

External auditors

New bank accountants

Veteran bank accountants seeking refresher


For more detail please click on this below link:



Email: referrals@complianceglobal.us

Toll Free: +1-844-746-4244

Tel: +1-516-900-5515

Fax: +1-516-900-5510


July 11
1:00 pm - 2:30 pm
Event Category:
Event Tags:


2754 80th Avenue, New Hyde Park, NY 11040
2754 80th Avenue, New Hyde Park, NY 11040
New York, 11040 United States


Compliance Global Inc.

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