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This webinar will provide an overview of managing troubled debt restructurings (TDRs) from initial identification to ultimate resolution. The ideal resolution is for the borrower to improve to the extent that no financial difficulty is demonstrated, the loan can be rewritten at market terms, and it is no longer identified as a TDR. Join us to learn what is necessary before such action can be taken. You will also learn about many other TDR considerations, including determining the proper risk rating and accrual status, performing the impairment analysis, and charge-off requirements. In addition, this webinar will look ahead at what CECL (current expected credit loss model) means for how TDRs are considered in the allowance process, because CECL which will significantly change the ALLL process for all financial institutions.
HIGHLIGHTS
Keys to identifying TDRs and processes to ensure appropriate recognition of TDRs
Important accounting and regulatory guidance related to TDRs
How risk ratings, accrual status, and charge-offs should be determined for TDRs
What does the often-repeated statement “once a TDR, always a TDR” mean for financial institutions in 2017?
Proper impairment analysis and allowance estimation practices as they relate to TDRs
Insight on how institutions might handle TDRs under CECL
TAKE-AWAY TOOLKIT
List of important accounting and regulatory references for TDR rules
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? Chief Credit Officers, lenders and staff responsible for credit administration, credit risk management, and accounting.
ABOUT THE PRESENTER – Tommy Troyer, Young & Associates, Inc., Executive Vice President and manages the company’s lending division. In addition to presenting webinars and seminars, he contributes to capital planning, strategic planning, and other management consulting services. He also focuses on topics related to credit risk management, and assists clients with loan reviews, ALLL reviews, credit process reviews, and other lending-related services. Tommy joined Young & Associates, Inc. from the Bank Supervision Group at the Federal Reserve Bank of New York, where he focused on credit risk management practices at supervised institutions. His work focused on the ALLL, stress testing, and risk monitoring and reporting practices. Prior to his time in bank supervision, Tommy worked in the Federal Reserve Bank of New York’s Research Group. Tommy holds a Bachelor’s in Economics from Wittenberg University.
Showing posts with label Accounting. Show all posts
Showing posts with label Accounting. Show all posts
(ON DEMAND) Bank Financial Accounting Essentials
Email to Order Archived Webinar!
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.
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.
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