Accounting Essentials for Banks

Course Number: Webinar

Course Code: n/a

This webinar is designed to provide basic knowledge of how a Bank records its financial transactions and compiles and communicates the information in its financial statements. It will begin with identifying the uses and decision-makers of Bank accounting information, introduce generally accepted accounting principles and the accounting equation, then discuss how fundamental financial transactions are recorded, summarized and presented on its financial statements. This program will provide specific examples and hands-on exercises for attendees. We will wrap up with a discussion of how to read and understand the information presented on a Bank’s financial statements.

Covered Topics
-Accounting Information System
Defining Accounting and Role of Accounting in Decision Making
Decision Makers: The Users of Accounting Information
Accounting Equation
Generally Accepted Accounting Principles
Introduction of Financial Statements: Balance Sheet, Income Statement, Statement of Cash Flows
-Recording Financial Transactions
Measurement Issues
Double-Entry System
Recording and Posting Transactions
The Trial Balance
-Measuring Financial Income
Accrual Accounting
Adjustment and Close Process
-The Basics of Financial Statements
Reading and Understanding the Financial Statements
Basic Techniques to Analyzing the Financial Statements

Audience: Individuals seeking to learn the basics of bank financial accounting and reporting, including deposit operations personnel, loan officers, credit analysts, administrative assistants and all other personnel involved in using, reviewing and/or interpreting financial information. It is also excellent preparation for bankers planning to attend a formal banking school.

Prerequisites: n/a

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Member Price: $295.00
Non-Member Price: $295.00
Textbook Charge: $0.00

Credits: 2.5 CE

Length: 2 hours

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