Banks and Credit Unions
Serious financial damage has been caused by security breaches, but because there is no standard model for estimating the cost of an incident, the only data available is that which is made public by the organizations involved. This webinar will focus on the type of breaches and how to prevent them.Areas Covered FDIC, OCC, and Federal Reserve New RequirementsNecessary Plan Updates to complyGeneral Regulatory ..
A strong credit culture: Focuses the organization—everyone on the same pageReduces organizational conflict and confusion—prioritiesMinimizes need for rigid controlsSupports commitment to the organizational vision and missionAdds to the organization’s bottom line and enhances shareholder valueIn order to achieve the advantages of strong credit culture, there must be strong credit management. Achieving both m..
The speaker has 30 years of experience managing and directing Credit teams working in both Public and Private organizations, six in total. During this time the experiences he has had with reviewing employees, terminating employees, developing dysfunctional departments into World-class teams. From his experiences, you will learn what things you can do to help further your career, how to do them, and also how..
The turbulent ever-changing and technology-driven world of business requires changing and evolving roles for controllers. The focus is currently more on the soft side of the business, rather than accounting and reporting. It is more about people-pleasing than pencil-pushing. Studies have shown the controllers who want to rise in the ranks of CFO must learn to put down their pencils and master the soft skill..
Management has a responsibility to be familiar with and alert to the types of fraud that might occur in their area and to put in place effective controls to avoid such occurrences. Management should also provide support to and work with the Internal Audit Division, other areas in a financial institution by reporting and investigation of dishonest or fraudulent activity, including the prosecution of of..
Credit risk is the probability that a borrower is unable or unwilling to repay your loan in full, on time, and as agreed. Identifying, evaluating, underwriting, and extending credit to a creditworthy borrower requires teamwork, and a strong credit culture builds and maintains that team. The optimal culture is led by management that prioritizes credit quality and says so regularly. Lenders and credit approve..
During many years of evaluating companies there are many things that you find are not as they seem after breaking down a balance sheet, income statement or statement of cash flows. If you do not have the skills to properly analyze the companies’ financial statements, you could end up losing a large customer to bankruptcy or granting a loan and the company defaults on it. In the webinar you will learn how re..
All non-financial professionals are challenged in today’s business environment to manage and ensure full and efficient utilization of limited resources to improve profits and productivity and achieve overall business success. Requires as a foundation the understanding and analyzing of financial statements.Financial transactions of a business are transformed through an accounting process to three key and req..
The market and the regulatory community pay close attention to a financial organization’s credit culture because a strong credit culture is critical to the success of credit risk management. Some 14 credit discipline tools help management to implement, maintain, and ensure that credit risk and the credit culture stay on track. Join Dev Strischek as he offers a credit discipline tool checklist and explains h..
Making of Financial StatementsUnderstanding and Analysing Financial StatementsFinancial Ratios The Path to Profits and ProfitabilityThree related Finance and Accounting topics are presented in this Webinar:Understanding and Analysing Financial Statements:Overview of the entire accounting process is simple to understand steps Interactive exercises to illustrate the accounting process Transforming transaction..
One of the most basic analytical and underwriting tools a banker must have is the ability to determine whether a borrower can repay its loans based on the financial information available. Financial organizations extend credit to borrowers when the borrowers show the ability to repay the loans extended. Ideally, a request for a five-year loan should be supported by a 5-year cash flow projection. Learn key as..
For years the IRS has struggled with the independent contractor and tax collection. In assessing opportunities to close the tax gap (taxes due but not reported or paid), one of the greatest opportunities comes from expanding the information reporting on taxpayers by payors – the 1099. This time consuming reporting obligation can be streamlined in a number of ways. Join us to learn more… Areas CoveredI..
All business professionals need a good working knowledge of financial statements to include how they are created and how they can be used to make key business decisions. Business/Financial transactions are transformed into financial statements through an accounting process.Three required statements are produced:Income StatementBalance SheetCash Flow StatementThe statements provide Results of business activi..
This session is intended to provide guidance on how to develop and maintain a Credit Administration (CA) function that will provide guidance to anyone involved in the credit function of the bank. The session also highlights the safeguards to manage the bank’s loan portfolio in a safe and sound manner.A supports credit risk management by watching over credit policy, credit analysis and underwriting, credit a..
Do you have a plan to deal with IRS demands for backup withholding if you failed to deduct from payments to Nonresident Aliens' (NRAs)? The IRS is working hard to reduce the delinquent tax burden. They know companies are becoming relatively compliant with 1099 reporting, but they also understand that companies and their advisors are less sure when it comes to identifying and performing backup withholding on..