This webinar will equip participants with critical insights into recent regulatory and accounting changes affecting the industry, as well as proposed updates for 2025. To keep everyone up-to-date, the agenda will also cover any new regulatory developments, ensuring that this training is highly relevant for the December 31, 2024, reporting period.
Participants will receive handout materials to include a PDF version of the presentation and additional documentation required to support the topics covered in the webinar.
What You’ll Learn
Recent Communications from Regulators:
- A discussion on Fair Value measures for equity securities with contractual restrictions under ASU 2022-03
- A summary of Staff Accounting Bulletin No 121 on Crypto-Asset Safeguarding Obligations
- Reporting estimated uninsured deposits under FIL 54-2023 and FIL 37-2023
- FIL 68-2023 and the proposed changes to Nondepository Financial Institutions, Reporting on Guaranteed Structured Financial Products, and long-term debt
- FIL 3-2024: Proposed changes to risk based regulatory capital requirements
A compilation of common questions asked during 2024 to include:
- Shifts in reporting status
- Reporting loan modifications to borrowers experiencing financial difficulties
- Brokered deposits and reporting in the proper line-items of Schedule RC-E
- Appropriately reflecting adjustments between the ACL for Loans and the ACL for Unfunded Commitments
- Deciphering when you have a loan commitment and when is it legally binding
- Reporting negative deposit accounts
- Bringing a nonaccrual loan back to accrual status
Who Should Attend
This program provides significant value for a wide range of individuals involved in Call Report preparation, review, or approval, regardless of their level of experience. Whether you’re a newcomer or a seasoned professional, the updates and discussions on accounting and financial reporting issues are tailored to enhance your knowledge and skills. This webinar aims to benefit a diverse audience by addressing current and relevant topics in the field of financial reporting.