Event Calendar

Thursday, February 3, 2022

Financial Accounting for Lenders Seminar

Start Date: 2/2/2022 10:00 AM MST
End Date: 2/3/2022 5:00 PM MST


Event Website: https://ccbncaassoc.wliinc22.com/events/FINANCIAL-ACCOUNTING-FOR-LENDERS-8062088/register

Organization Name: Independent Bankers of Colorado

Contact:
Maelynn Lewis
Email: mlewis@ibcbanks.org
Phone: (720) 607-7937

The Independent Bankers of Colorado is pleased to partner with the California Community Banking Network (CCBN) to present
 
Financial Accounting for Lenders
Wednesday-Thursday, February 2-3, 2022, 10:00 a.m. – 5:00 p.m. MST
 
A banker’s understanding of accounting fundamentals is essential to the application of sound financial statement and credit analysis. Accounting is the language employed to communicate financial information. It is the process of identifying and measuring economic events, then classifying, recording, and summarizing the measurements and reporting the information to permit judgments and decisions by the users. Bankers rely on this accountant prepared information to make such decisions.
 
Financial Accounting for Lenders presents the fundamentals of accounting, with a focus on the accounts that will be of most interest to a banker, identifying economic events and how they are reported in financial statements. By learning how the Balance Sheet, Income Statement, Reconciliation of New Worth and Cash Flow Statement are developed and connected to each other you will gain insights that will be critical in further developing your credit analysis skills. And having an instructor who is a banker ensures the approach to the credit analysis process will be from a banker’s perspective. Case studies will be used to reinforce concepts presented. Specifically, the course will cover:
  • Underlying Assumptions Used by Accountants
  • Rules of Debits and Credits
  • Construction of the Balance Sheet, Income Statement, Reconciliation of New Worth, and the Statement of Cash Flow
  • Difference between Accrual and Cash Basis Accounting
  • Analysis of Accounts often used as Collateral such as
    • Accounts Receivable (Aging Schedules, Allowance Calculations, etc.)
    • Inventory (Effect of LIFO, FIFO, and Average Cost Costing Methods)
    • Fixed Assets (Effect of varying Depreciation Methods)
  • Analysis of the Notes to the Financial Statements
  • Types of Financial Statements and Meaning of CPA Opinions
  • Review of Major Accounting Standards and Where to Find Them
Objectives
After completing this program, you will be able to:
  • Describe the purpose of each financial statement and how they are constructed
  • Define line times and give examples of underlying transactions
  • Determine how specific business activities impact financial statements and how they are connected
  • Calculate earnings, equity, and cash flow for a business
  • Use the concepts in the financial forecasting of a borrower
  • Describe the accounting used for major collateral accounts
  • Use financial statements to identify questions for the borrower and to interpret responses in determining creditworthiness
Target Audience
This program is ideal for entry-level analysts as well as seasoned lenders seeking a review of accounting concepts to have a better understanding of financial statements, including commercial lenders, consumer lenders, branch managers, loan review officers, credit officers and directors.
 
PresenterJeffery W. Johnson, Principle, Bankers Insight Group
Jeffery is a training professional in the banking industry leading various seminars covering important topics relating to issues in banking. He teaches actively for 20 banking associations in the United States. Jeffery began his career with SunTrust Bank in Atlanta as a Management Trainee and progressed to Vice President and Senior Lender for SouthTrust and Senior Vice President and Commercial Banking Division Manager for Citizens Trust Bank of Atlanta. Most of his career has been spent in credit administration, lending (commercial, consumer and real estate), business development, loan review, management, and training and development. He has managed loan portfolios representing a cross section of loan types including large corporate, high net worth individuals, middle market companies, small businesses, real estate and non-profit organizations and managed several loan officers with portfolio management responsibilities.
 
Registration Pricing
IBC members use code ACAMS2022 to receive preferred pricing.
 
 
Early Bird Registration (expires January 19, 2022) $595
IBC Member
$595
Non-member
$795
Regular Registration  
IBC Member
$795
Non-member
$995
 
CCBN will process registrations. You must register via the CCBN website, click here, or visit https://ccbncaassoc.wliinc22.com/events/FINANCIAL-ACCOUNTING-FOR-LENDERS-8062088/register. Registration fee is per person. The webinar will be conducted via Zoom.
 
Questions? Contact Maelynn Lewis, mlewis@ibcbanks.org or 720.607.7937