• Develop a better understanding of key accounting fundamentals
• Review generally accepted accounting principles (GAAP) and how they relate to the activities of a community financial institution
• Calculate and use key ratios for analysis of a community financial institution’s financial statements
• Examine recent trends in financial reporting for community financial institutions

Wednesday, September 15, 2010

8:00 - 8:30 a.m. Registration and Continental Breakfast
8:30 a.m. — 4:30 p.m. Seminar

Community Financial Institution Activities and Risks

The GAAP Framework

• Generally Accepted Accounting Principles (GAAP) for depository institutions
• Unique accounting features

Internal Accounting Controls

• COSO, FDICIA and SOX
• Definitions and responsibilities
• Management duties
• Internal and external auditor duties

Typical Financial Statements of a Community Financial Institution (including Case Study)

• Balance Sheet
• Income Statement
• Statement of Cash Flows
• Notes to the Financial Statements
• Auditor’s Report
• Supplemental Data
• MD&A
• Review of Case Study

Thursday, September 16, 2010

8:00 - 8:30 a.m Continental Breakfast
8:30 a.m. - 4:00 p.m. Seminar

Special Accounting Issues Particular to Community Financial Institutions

• Accounting for non-refundable fees
• Accounting for unearned loan interest
• Accounting for investments

Trends in Financial Reporting

• Current value vs. historical costs
• Risk disclosures
• Balance Sheet emphasis
• Fair value approaches

Current “Hot” Accounting Topics

• Accounting for loan loss provisions and loan impairments, etc.
• Classification of trust preferred securities – GAAP vs. RAP
• Fair value measurements
• Newest trends

Financial Statement Ratio Analysis

• Calculation of key ratios
• Limitations of ratio analysis
• Industry benchmarks
• Peer group analysis

FMS is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses. Complaints regarding sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue, North, Suite 700, Nashville, TN 37219-2417 Web: www.nasba.org.

• Level: Basic to Intermediate
• Prerequisites: None
• Advance preparation: None
• Up to 15 hours of CPE in the field of Accounting 
• Instructional Method: Live-Group

For more information regarding administrative policies such as complaints or refunds, call 800-ASK-4FMS (800-275-4367).

This seminar is designed to benefit newcomers to the financial services industry as well as experienced personnel looking for a refresher course in accounting, including:

• CFOs
• Accountants
• Controllers
• Financial Analysts

The Westin Indianapolis - SOLD OUT!
50 South Capitol Avenue
Indianapolis, IN
Reservations: 800-228-3000
Special room rate: $139 single/double

New Hotel Reservations
Please use the following information to make room reservations at the Sheraton (about six blocks from the hotel). We have secured the same rate of $139. Please call 888-627-8186 for reservations and make sure you ask for the FMS room block.

Sheraton Indianapolis City Centre
31 W Ohio St
Indianapolis, IN 46204

www.sheratonindianapoliscitycentre.com

When calling for hotel reservations, identify yourself as a Financial Managers Society meeting attendee to secure a room at the reduced rate.

Ground Travel
Please visit the hotel website for detailed maps and directions.

Attire
Seminar attire is business-casual. Please bring a jacket or sweater as meeting rooms may be cool.

Refunds and Cancellations
A refund minus a $150.00 processing fee will be provided for cancellations received by FMS in writing by August 30, 2010. No refund can be given for cancellations received after that date; however, a substitution from your company is welcome. FMS reserves the right to change instructors or reschedule/cancel sessions when necessary. FMS is not responsible for airfare penalties that may be incurred due to the cancellation of FMS programs.

Save $100 with a Members-Only Team Discount!
FMS Members and their coworkers save $100 per person when they register two or more employees. Simply complete one form per person and deduct $100 from the fee.

Not an FMS Member? Join now and save with the team discount today!

Paul Sanchez conducts a CPA practice and owns Professional Service Associates, a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University — C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting his consulting business, Paul was the vice president and director of professional practices for the Audit Division of a regional bank and of a money-center bank, where he directed the professional practice development and training for internal auditors. Paul was also on the technical staff of the Auditing Standards and Examinations Divisions of the AICPA. He is a frequent industry speaker and the author of the best-selling FMS publication Accounting Basics for Community Financial Institutions.