Banking Industry Fundamentals

Looking for banking accounting CPE courses that explain the specialized accounting and reporting requirements for banks and other financial institutions? Our Banking Industry Fundamentals collection is designed for accountants and auditors who are new to the banking industry or who need a practical refresher on the U.S. GAAP topics that make bank financial statements unique.

This collection includes 10 self-study courses eligible for 11.7 CPE credits. The courses build a foundation in banking operations and financial reporting before moving into the accounting for loans, interest income, credit losses, investments, derivatives, other real estate owned, deposits, and other sources of funding. The result is a broad bank accounting training program that connects the underlying accounting guidance to transactions commonly encountered by financial institutions.

Topics covered include:

• Banking industry fundamentals and bank financial statements
• Accounting for loans and the effective interest method
• Current expected credit losses (CECL)
• Investments in debt and equity securities, including fair value measurements
• Derivatives and other financial instruments
• Other real estate owned (OREO)
• Deposits and other sources of bank funding

Further details

Across the collection, the training addresses fundamentals of the banking industry and bank financial statements, including core activities and key transactions. It walks through the lending process, types of loans originated by banks, and the accounting for loans and related loan fees and costs under ASC 310, including application of the effective interest method in accordance with ASC 835. Then, we explore the impairment requirements for financial assets, including how to calculate the allowance for credit losses (ACL) using the current expected credit losses (CECL) model prescribed by ASC 326.

After an overview of fair value measurements under ASC 820, the next series of banking industry CPE courses focuses on investments commonly held by banks and the related accounting and reporting requirements under U.S. GAAP. Topics covered include:

• Investments - debt securities (ASC 320)
• Investments - equity securities (ASC 321)
• Derivatives - characteristics and scope exceptions (ASC 815)
• Other real estate owned (OREO)

Finally, this banking industry CPE course collection covers accounting and reporting considerations for deposits and other primary sources of funding for banks.

The goal is not simply to memorize accounting rules, but to understand how U.S. GAAP applies to the transactions, estimates, judgments, and financial reporting issues commonly encountered by banks and other financial institutions.

Who will benefit

Whether you prepare financial statements for a bank, audit financial institutions, or support accounting and reporting in the banking industry, these banking accounting CPE courses provide a practical way to strengthen your knowledge.

Value proposition

Purchase all 10 courses for $599 instead of $1,384 if purchased separately—a savings of $785.

Interested in group discounts? Contact us today to learn more.