Banking: Industry Overview

What is a bank? How do they make money? And why are they so special? Are there special rules when accounting for banks and the specific transactions they undertake? What regulators impact accounting for banks? Don't worry, we answer these questions (and more) in this CPE-eligible, eLearning course (1.5 CPE). Join us as we walk through the core activities and key transactions of a bank to provide an overview of this specialized industry. For each of the core activities, we introduce you to the area, provide a high-level overview of initial and subsequent accounting in accordance with U.S. GAAP, review the key accounting issues, and briefly look at the related disclosures using "real-life" financial statements of a bank.

Topics covered in this introduction to accounting for banks and the banking industry include:

• Introduction to banks and the banking industry
• Core activities and key transactions
• Critical accounting estimates of depository and lending institutions
• Regulator matters impacting the banking industry

If your new to the banking industry, this online course is a great place to start! This course is just one of many in our industry library. Interested in more in-depth content on accounting for banks? Make sure to check out the entire Industry Library or our banking course collections (linked below).

Interested in group discounts for your team? Contact us to learn more.

 By the end of this course, you should be able to: 

• Recall the core activities and key transactions of a bank 
• Identify the various risks faced by banks
• Recall the critical accounting policies and estimates of a bank 
• Recall the importance of regulatory capital