Accounting for Bankers (Part 3)

Past Event

3 DAY COURSE: TUESDAY, FEB 16 – WEDNESDAY, FEB 17 – THURSDAY, FEBRUARY 18
(9:00 - 11:00am via Zoom)

 

Before you can analyze a set of financial statements, you need to understand both (1) where the numbers came from, and (2) what they represent. Otherwise, your “analysis” will be limited to “This went up, and this went down,” or what is usually referred to as “Elevator Analysis”. Lending and credit staff have to have an acceptable grasp of accounting to provide the optimal financial analysis.

Participants will have the opportunity to understand, both intuitively and practically, the language, purpose, and basic mechanics of financial accounting.

Because this course is specifically designed for bankers rather than accountants, it will only touch on a cursory basis on T-accounts and journal entries.

The Primary Focus: Building the financial statements, determining where the information is coming from as well as the impact of the way the transactions are created on your analysis.

The Goal: To allow attendees to get behind the numbers to fully understand what is going on in the client’s business.

We will Cover:

• The difference between a cost ad an expense, and how this difference should affect a financial analysis.
• The requirements for something to be recorded as a revenue and how these requirements should affect a financial analysis.
• The requirements for something to be recorded as an expense and how these requirements should affect a financial analysis.
• The rules for capitalizing costs and how those rules should affect a financial analysis.
• The application and effect of accounting principles & how these principles should affect a financial analysis.
• The limitations, and important uses, of interim financial statements.

Participants: All business lenders, credit analysts, loan reviewers, lending managers & bank presidents.

There are no prerequisites to attend this course.

A minimum of 6 participants is required to hold this course.

BRAD STEVENS is the founder of Stevens Risk Management, LLC which specializes in credit training and consulting for both the finance and manufacturing industry. He has over 30 years of experience in banking that included leading two banks out of troubled credit positions, identifying the deteriorating credits, working directly or with lenders in rehab and exit strategies as well as rebuilding the credit cultures to avoid future credit problems. As a banker Brad built strong credit portfolios based on the core approaches that he now shares in his training programs. Brad brings a unique hands on experience to his training sharing real world examples that resonate with those in attendance at presentations. He believes strongly in the philosophy of Making Banking Better through Bankers Training Bankers.

CERTIFICATE OF ACHIEVEMENT REQUIREMENTS:

• Attendees must attend (via Zoom) all three 2-hour sessions: February 16th, 17th and 18th (Tuesday, Wednesday and Thursday) (9 - 11am).
• Attendees must complete 2 surveys: The 1st survey will be sent immediately after the last session on Thursday and the 2nd survey will be sent the 15th of March.

 

Cancelation Policy

Cancellations will be not be refunded unless the instructor cancels the course.  If participant is unable to attend, the registration fee can be applied to a future RMA-MN local course.  Substitutions are allowed as long as the chapter administrator is notified 24 hours prior to the course, however any difference in the applicable registration fee will be requested.