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Accounting Basics: Refresher for Bankers - Webinar

  • ID: 4394948
  • Webinar
  • November 2017
  • Region: Global
  • 90 Minutes
  • Lorman Business Center, Inc.
Get a full refresher course on accounting for banking professionals.

This topic will provide you with the basics refresher of accounting. The information will demonstrate how the income statement, statement of owners equity, balance sheet, and statement of cash flows are developed and connect to each other. It will also cover the ten step accounting cycle leading up to the creation of the financial statements including the rules of debits and credits, accrual versus cash basis accounting, adjusting entries, accounting for inventory and receivables, longterm liabilities and depreciation, proper analysis of the notes to the financial statements, types of financial statements, and the CPA opinion. Several hands on examples to reinforce the accounting concepts will also be included.

Learning Objectives
  • You will be able to identify the four financial statements.
  • You will be able to review the ten step accounting cycle.
  • You will be able to discuss how to adjust entries.
  • You will be able to recognize the types of financial statements and the CPA option.
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The Four Financial Statements
  • Income Statement
  • Statement of Owner's Equity
  • Balance Sheet
  • Statement of Cash Flows
  • The Ten Step Accounting Cycle (Business Transactions to the Post-Closing Trial Balance)
  • Rules of Debits and Credits
  • Accrual vs. Cash Basis Accounting
  • Adjusting Entries
  • Accounting for Inventory and Receivables
  • Long-Term Liabilities and Depreciation
  • Analysis of the Notes to the Financial Statements
  • Types of Financial Statements and the CPA Opinion
  • Examples to Reinforce Accounting Concepts
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David L. Osburn, M.B.A., CCRA - Osburn & Associates, LLC
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This webinar is designed for branch managers, loan officers, loan department personnel, credit and collection managers, controllers, business executives, accountants and real estate professionals.
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