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All bank management personnel must know the basics underlying GAAP accounting for bank financial statements? 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). The webinar will help attendees 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, and more.
Key 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
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 | Paul J. Sanchez, CPA
President, Professional Service Associates (PSA)
Paul J. Sanchez, CPA, CBA, CFSA, CGMA conducts a small CPA practice in Port Washington, New York. He is the author of the textbook, "Accounting Basics for Community Financial Institutions" (Financial Managers Society, 2nd edition, Chicago, 2009) and the "Ideas an Analysis Letter: The Sanchez Take. | |
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