This learning experience is designed for professionals working in the operational areas of teller operations, wire transfers, deposit operations, and loan operations. Participants will gain an understanding of the importance certain policies and procedures play in the accurate accounting for assets and liabilities.

The webinar series will cover teller cash transactions, wire transfers, deposit operations, and loan operations.

Included Webinars:-

• Bank Accounting: Operational Perspective - Part 1
• Bank Accounting: Operational Perspective - Part 2
• Bank Accounting: Operational Perspective - Part 3

Series Details:-

Bank Accounting: Operational Perspective - Part 1

The first part of this series will explain general accounting practices to include a discussion on the impact of posting debits and credits to cash accounts, deposit accounts, and loan accounts. Understanding the interface of the loan and deposit platforms and the general ledger will be discussed. This part will also drill down into teller cash activities and transactions with correspondent institutions, including wire transfers. Internal control procedures key to these areas will be discussed. Accounting entry examples and exercises will be provided.

Bank Accounting: Operational Perspective - Part 2

The second part of this series will focus on deposits and the associated interest expense on deposit accounts. This part will include a discussion on the anatomy of an official check and the associated debits and credits that keep the institution’s official check accounts in balance. Internal control procedures key to these areas will be discussed. Accounting entry examples and exercises will be provided.

Bank Accounting: Operational Perspective - Part 3

The third part of this series will focus on the loan portfolio, including accounting for premiums and discounts on purchased loans, accounting for non-accrual loans, and accruals into the allowance for credit losses. The associated income and expenses that flow through the income statement as part of loan transactions will also be covered. Internal control procedures key to running an effective loan operations department will also be discussed. Accounting entry examples and exercises will be provided.

Learning Objectives:-

• General application of accounting practices to include a discussion of debits and credits, the general ledger, and the flow of operational transactions into a balance sheet and income statement
• The impact of debits and credits posted to assets, liabilities, equity, income, and expense
• The importance of internal control procedures that are part of your daily tasks and responsibilities
• Examples and exercises to illustrate accounting transactions involving cash, wire transfers, deposits, and loans will play a significant role in the learning experience
• Discussions related to basic and important internal controls with description of why controls are important to the overall accounting and financial reporting process of the institution
• The presentation materials and the extensive exhibit takeaways provide a future reference source to all participants on the accounting topics covered.

Who Should Attend:-

This session is ideal for those who are new to financial institution accounting or those who work in operations areas and seek to increase their knowledge of how their daily routine interfaces into the general ledger and financial statements of the institution. Time should be allowed for post-session follow-up work on athe ccounting exercises provided as part of the learning experience.

The presentation information and extensive exhibit takeaways contribute significantly to the learning experience and provide a source for future reference on the accounting topics covered.