Accounting for Bankers

Past Event

ACCOUNTING FOR BANKERS

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.”  In other words, if you don’t have an acceptable grasp of accounting, then your financial analysis will always suffer.

In this one-day seminar, participants will have the opportunity to understand, both intuitively and practically, the language, purpose, and basic mechanics of financial accounting.  This course is specifically designed for bankers rather than accountants.  As such, this course avoids discussions of T-accounts and journal entries, which are topics that are more properly discussed in courses designed for accountants.

IN THIS COURSE, WE WILL COVER:

• The difference between a cost and 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 and 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 and bank presidents.

INSTRUCTOR: John Reik of John Reik & Associates, a Minnesota based business training and consulting firm.  John has presented numerous RMA seminars since 1986 and has been a lecturer and Assistant Professor of Finance at the University of Minnesota for over 40 years.  He also was senior trainer and manager of Credit and Finance Education for U.S. Bank for 8 years.

ITEMS TO BRING: Pencils and Calculator.
Note: We are unable to guarantee enough outlets for everyone to charge phones.

 

CERTIFICATE OF ACHIEVEMENT: Survey participation is required to receive a certificate of completion for this course.  Please take the time to complete two short surveys; one will be sent immediately after and a second survey will be sent 30 days post-event.

 

EVENT CANCELLATION POLICY: Cancellations (and no-shows) 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.