Mind the GAAP: What New US Accounting Principles Mean for Borrowers and Lenders


Dev Strischek is a Keynote Speaker at Compliance Key. A frequent speaker, instructor, advisor and writer on credit risk and commercial banking topics and issues, Dev is principal of Devon Risk Advisory Group and engages in consulting, speaking and training on a wide range of risk, credit, and lending topics. As former SVP and senior credit policy officer at SunTrust Bank, Atlanta, he was responsible for developing, implementing, and administering credit policies for SunTrust's wholesale lines of business--commercial, commercial real estate, corporate investment banking, capital markets, busine........

Overview

Much of the change in GAAP in recent years is the result of collaboration between the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) to bring US and international accounting principles closer together. At some point, both groups decided they were as close as they would be likely to get on several key concepts-revenue recognition, lease capitalization, and CECL. In addition, FASB decided to revise financial statement disclosure for the large and growing not-for-profit segment of the American economy.

This session will explain these new concepts and how they affect borrowers and how lenders should incorporate these changes into their own analyses and underwriting of borrowers.

Why should you attend this webinar?

We tend to take accounting for granted-debits equal credits, total assets equal total liabilities and stockholder's equity. Generally accepted accounting principles (GAAP) are generally accepted because they do not change often, and when they do, there are good reasons for the change.

However, business and the economy do change over time, and several new principles warrant review to understand how they will affect both borrowers and lenders--new GAAP for revenue recognition, lease capitalization, current expected credit losses (CECL) as well as changes to not-for-profit financials.

Areas Covered in the Session:

  • Background of FASB and IASB accounting convergence
  • Revenue recognition
  • Lease capitalization
  • CECL
  • Not-for-profits
  • Government accounting (GASB)

Who can Benefit:

  • Credit Analysts
  • Credit Managers
  • Loan review officers
  • Work-out officers
  • Commercial lenders
  • Credit Risk Managers
  • Chief Credit Officers
  • Senior Lenders
  • Senior Lending Officer
  • Bank Director
  • Chief Executive Officer
  • President
  • Board Chairman


Webinar Id: LSHCDS001

Training Options:

Duration: 60 mins

  22-Apr-2020

 10:00 AM PT | 01:00 PM ET

 Single Attendee: [Only for one participant]

$149 (Live)                    $248 (Live + Recorded)

 Multiple Attendee: [For a group of 2-5 participants]

$353 (Live)                    $655 (Live + Recorded)

 Corporate Attendee: [For a group of 6-10 Participants]

$726 (Live)                    $1068 (Live + Recorded)

 Recorded: [Six month unlimited access]

$177 (Single Attendee) $449 (Unlimited Attendee)

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