(ON DEMAND) Bank Financial Accounting Essentials

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In the wake of the financial crisis, the Financial Accounting Standards Board (FASB) has been very active. Financial accounting for community banks continues to evolve much like compliance regulations. The new standards are more complex and have longer implementation periods. Now is the time to start learning and planning. Recently issued accounting standards and others on the immediate horizon will require additional information from existing systems and will impact decision making at every institution, regardless of asset size.

How will the new lease accounting standard impact your institution’s balance sheet? What is the current status of the new CECL model for accounting for the ALLL? How should your bank prepare for it? What are other important accounting issues auditors and regulators are focusing on in the current environment? This webinar will answer these questions, highlight recent and proposed accounting changes, provide a refresher on accounting topics that are making a comeback, and clarify topics that are continuing to cause confusion.

HIGHLIGHTS
Overview of the new lease accounting standard
Developments on the current expected credit loss model (CECL) for ALLL accounting
Stock compensation issues making a comeback
Problem asset accounting and areas still causing confusion
Defining a public business entity – key for new standards implementation
Other relevant accounting topics affecting community banks

TAKE-AWAY TOOLKIT
PDF booklet of the relevant accounting and regulatory guidance
Employee training log
Quiz you can administer to measure staff learning and a separate answer key

Attendance verification for CE credits provided upon request.

WHO SHOULD ATTEND? Financial accounting professionals including CFOs, controllers, other bank accounting staff, those charged with governance, and auditors.

ABOUT THE PRESENTERS – Michael Gordon & Kris Trainor, Mauldin & Jenkins, LLC

Michael Gordon is a CPA and director in the Atlanta office of Mauldin & Jenkins, LLC. He received his Bachelor’s in European History and Economics in 2003 from Vanderbilt University and received his MBA with a concentration in Accounting in 2005 from the Georgia Institute of Technology Scheller College of Business. Since joining Mauldin & Jenkins in 2005, he has focused on financial institution audits and employee benefit plans. Michael also has experience with HUD and governmental entity audits. He is a member of the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants.

Kris Trainor is a partner at Mauldin & Jenkins’s Atlanta office. He received his BBA in Accounting from Georgia Southern University in 1995. Since joining Mauldin & Jenkins in 1995, Kris has focused on financial institution audits. Kris has continued his education by attending a variety of audit and tax classes and is also a member of the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants. Kris is a CPA in Georgia and previously served on the AICPA’s Examination Content Subcommittee for the audit section of the CPA exam.