The Call Report has been subject to many changes over the course of the past several months and continues to be impacted by economic, accounting and regulatory changes.
This 2 hour webinar will include a discussion of regulatory and accounting changes impacting the 2022 Call Report and those proposed to impact 2023, including the adoption of CECL for many banks. As new regulatory matters arise, they will be added to the agenda in order to provide participants with the most current training applicable for the December 31, 2022 reporting period with a look at what to expect for March 31, 2023.
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
A summary of the reporting impact and the implementation timelines for selected new Accounting Standards Updates (ASU) related to the following will be discussed:
- Reference Rate Reform under ASU 2020-04
- TDR accounting changes under ASU 2022-02
- Credit Loss Accounting (CECL) under ASU 2016-13 to include current regulatory reporting matters
- Schedule RC-B new reporting item for portfolio layering derivatives under ASU 2022-01
- Regulatory impact items covered will include:
- How to answer RC-R Part I item 2.a once your bank adopts CECL
- Recent guidelines on reporting deferred tax assets on a separate entity basis and use of the standardized approach for counterparty credit risk in RC-R Part 1 item 31.a
- Off-balance sheet exposures to include a discussion on unconditionally cancelable commitments as provided in the Regulatory Capital Rules and applied to the Call Report
- Reporting Sweep Deposits in RC-E
- Reporting international remittance transfers in your December 31, 2022 report
- PPP loan reporting, income recognition, and risk weighting unforgiven loan balances
- HELOC reporting in schedule RC-C and how to apply the new reporting rules when a loan converts to non-advancing status
- Risk weighting certain loans and what is eligible to be included in the Residential Mortgage Exposure category in RC-C Part II
Who Should Attend
Call Report preparation requires knowledge of bank accounting, bank regulations, and virtually all bank operations. Annual training is highly recommended by regulators. Banks should have a trained preparer and a trained reviewer. Anyone responsible for preparing, reviewing, or signing a Call Report will find this program valuable. Both new and experienced preparers and reviewers will benefit from this update and the continued discussion on accounting and financial reporting matters.