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Unique Accounting Issues
for
Depository Institutions (UNIQ)
This two-day course is designed for auditing, controller, treasury and other
personnel involved with a depository institution’s GAAP financial statements.
It focuses on unique aspects of current bank accounting that should be known
by attendees.
The primary areas of focus are:
- FASB Trends in "Rule Making"
- Daily Balancing and Posting to Trial Balance
- Daily "Proof" Function
- Single Entry Accounting
- Accounting for Non-Refundable Fees and Costs
Associated with Originating or Acquiring Loans (FASB Statement No. 91)
- Disclosure of Information about Financial Instruments
with Off-Balance- Sheet Risk and Financial Instruments with Concentration of
Credit Risk (FASB Statement No. 105)
- Disclosure about Fair Value of Financial Instruments
(FASB Statement No. 107)
- Accounting by Creditors for Impairment of a Loan (FASB
Statement No. 114/118) and the Loan Loss Allowance
- Accounting for Certain Investments in Debt and Equity
Securities (FASB Statement No. 115)
- Other-Than-Temporary Impairments (EITF 03-1)
- Accounting for Transfers and Servicing of Financial
Assets and Extinguishment of Liabilities (FASB Statements No. 140)
- Purchase of Impaired Loans (SOP-03-3)
- Accounting for Variable Interest Entities (FIN 46R)
- Accounting for Share-Based Payments (FASB Statement
No. 123R)
- Accounting for Certain Financial Instruments with
Characteristics of both Liabilities and Equity (FASB Statement No. 150)
- Accounting for Derivatives (FASB Statements Nos. 133,
138, and 149)
- Fair Value Accounting (FASB Statements Nos. 156, 157
and 159)
A one-day version is also available. Both versions keep attendees current
and allow participants to become familiar with unique accounting that affects
what they do. Either version is an excellent first-time course for newcomers as
well as a refresher and current update for seasoned attendees.
Category: Banking - Accounting
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