Accounting Basics/Refresher for Bankers
Accounting Basics/Refresher for Bankers
This seminar provides the banker with the “basics/refresher” of accounting. The seminar demonstrates how the
income statement, statement of owner’s equity, balance sheet and statement of cash flows are developed and
connect to each other.
The seminar also covers the ten-step accounting cycle leading up to the creation of the financial statements
including the rules of debits and credits, accrual versus cash basis accounting, adjusting entries, accounting for
inventory and receivables, long-term liabilities and depreciation, proper analysis of the notes to the financial
statements, types of financial statements, and the CPA opinion.
The seminar includes several hands-on examples to reinforce the accounting concepts.
SEMINAR OBJECTIVES
- The four financial statements: income statement, statement of owner’s equity, balance sheet
and statement of cash flows
- The ten-step accounting cycle (business transactions to the post-closing trial balance)
- Rules of debits and credits
- Accrual versus cash basis accounting
- Adjusting entries
- Accounting for inventory and receivables
- Long-term liabilities and depreciation
- Analysis of the notes to the financial statements
- Types of financial statements and the CPA opinion
- Examples to reinforce accounting concepts
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Registration and continental breakfast begins at 8:30 a.m. with the seminar beginning at 9 a.m. Once online registration closes, please call CBAI at 800/736-2224 to register for this event.