The Essential GAAP Update for Banks and Other Financial Institutions (2019)
Banks and other financial institutions have unique and sometimes complex transactions that follow special accounting rules not applicable to other companies. Furthermore, the entire industry has been subject to increased regulatory scrutiny in recent years.
This one-day seminar offered via Executive Education, designed for financial executives, managers and others responsible for accounting and reporting by banks and other financial institutions, provides an in-depth update of recent developments impacting the financial services industry as a result of recent standard setter and regulatory activities. Through the use of class exercises and illustrative examples, these developments are not only “presented”, but also “discussed” to emphasize the impact on these unique entities.
The program covers hot topics, issues and trends in accounting and reporting for banks and other financial institutions. Regularly updated throughout the year as new developments occur, sample subject matter includes:
- Standards generally effective in 2018 including classification of deferred taxes, equity method accounting, share-based payments, contingent options in debt instrument, and novation of derivatives in hedging relationships
- Financial Instruments
- Revenue from contracts with customers
- Other ASUs and FASB projects generally effective in 2019 and beyond
The Essential GAAP Update (2019)
The regulatory landscape is constantly evolving, and your knowledge must be, too. This two-day program is one of the best ways for financial accounting professionals to stay up to speed on emerging developments from the FASB, SEC and other regulators. An interactive classroom experience ensures participants not only walk away with knowledge of the new guidance, but also strategies for and issues impacting implementation.
The program covers details of recent and proposed guidance, explores important issues impacting implementation, and presents best-practice strategies for applying new accounting and reporting standards in various types of companies.
The program covers hot topics, issues and trends in accounting and reporting. Regularly updated throughout the year as new developments occur, sample subject matter includes:
- A series of scenario-based practice issues highlighting accounting and reporting issues resulting from recent economic trends and events
- Reminders about standards becoming effective in 2017
- A look ahead to standards becoming effective in 2018 and beyond
- Spotlights on practice issues and implementation issues resulting from the recently issued "Big 3" standards: revenue from contracts with customers, financial instruments, and leases
- Insights on current accounting and reporting issues as identified by regulators, including SEC and PCAOB