Accounting for Bankers

Past Event

ACCOUNTING FOR BANKERS

Before you can analyze a set of financial statements, you need to understand both:

• Where the numbers came from, and
• 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.” 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.

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 you to get behind the numbers to fully understand what is going on in the client’s business.

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: 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. He brings a unique hands on experience to his training sharing real world examples that resonate with those in attendance at presentations. Brad believes strongly in the philosophy of Making Banking Better through Bankers Training Bankers.

IMPORTANT NOTE ABOUT COVID-19: Please be assured that seating will be placed at the recommended distance in the meeting room. Masks are strongly encouraged/ for all attendees.

ITEMS TO BRING: Pencils and Calculator.  Fully charged laptop.

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 2nd survey will be sent 30 days post-event.

YOUR PERSONAL ZOOM LINK - Watch for an email a few days prior to the event. Once you receive it, be sure to save to your calendar for easy access on event day.

A minimum of 10 participants is required in order hold this course.

 

Cancelation 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 business prior to the course, however any difference in the applicable registration fee will be requested.