Accounting Essentials for Banks

This webinar is designed to provide basic knowledge of how a Bank records its financial transactions and compiles and communicates the information in its financial statements. It will begin with identifying the uses and decision-makers of Bank accounting information, introduce generally accepted accounting principles and the accounting equation, then discuss how fundamental financial transactions are recorded, summarized and presented on its financial statements. This program will provide specific examples and hands-on exercises for attendees. We will wrap up with a discussion of how to read and understand the information presented on a Bank's financial statements.

Covered Topics:

  • Accounting Information System
    • Defining Accounting and Role of Accounting in Decision Making
    • Decision Makers: The Users of Accounting Information
    • Accounting Equation
    • Generally Accepted Accounting Principles
    • Introduction of Financial Statements: Balance Sheet, Income Statement, Statement of Cash Flows
  • Recording Financial Transactions
    • Measurement Issues
    • Double-Entry System
    • Recording and Posting Transactions
    • The Trial Balance
  • Measuring Financial Income
    • Accrual Accounting
    • Adjustment and Close Process
  • The Basics of Financial Statements
    • Reading and Understanding the Financial Statements
    • Basic Techniques to Analyzing the Financial Statements

Who Should Attend?

Individuals seeking to learn the basics of bank financial accounting and reporting, including deposit operations personnel, loan officers, credit analysts, administrative assistants and all other personnel involved in using, reviewing and/or interpreting financial information. It is also excellent preparation for bankers planning to attend a formal banking school.