Review of Savings with Newest Call Report for Eligible Small Institutions
Monday, October 18, 2021
2:00 – 3:30 pm (Eastern Time)
In an effort to reduce regulatory burden (i.e. excessive overhead) the FFIEC, the umbrella group of primary regulators, introduced a new Call Report (FFIEC #051) for depository institutions with domestic offices only and less than $5 billion total assets.
This new Form #051 will save many hours of unnecessary work on the part of small institutions’ preparers of Call Reports.
The new Form #051 allows a switch from the long, detailed Form #041.
Topics include:
This important webinar will focus on the most recent Call Report made available for small depository institutions – Form FFIEC #051.
This Accounting training will cover questions related to reducing regulatory burden such as the following:
- What is the purpose for Form #051?
- Who (which entities) should use the Form #051?
- What is the reason for the new Schedule SU, Supplemental Information?
- What Schedules have been significantly changed because of the new Schedule SU?
- What frequency of reporting changes have been made on FFIEC #051?
- What threshold changes have been made on FFIEC #051?
- What lines have been removed from FFIEC #051?
This overview of the entire #051 Call Report will give preparers valuable information that will help then prepare the new report efficiently. Those who use the #051 in place of FFIEC #041 will experience significant time savings.
Instructor
Paul Sanchez
PSA Professional Service Associates / Founder
Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), 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 PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.
Attendance verification for CE credits provided upon request.
Webinar Sponsored by BankersHUB
If you are having issues with registering online, please contact CBAO's Education, Training & Special Event Coordinator, Patti Webb, (614) 610-1877.
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Webinar and Playback* ($295/$445)
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