Off-Balance-Sheet Risks in Financial Accounting

Seminar Overview
Adelphia and Enron were penalized by investors, regulators, and bankers for undisclosed off-balance-sheet risks. Bankers must be equipped to perform due diligence on clients’ financial statements. Learn to be aware of accounting practices that can impact your clients’ financial position.

Length: One 60-minute session

Who will benefit?
This seminar is for financial analysts and credit officers needing information on off-balance-sheet risks in clients’ financial statements.

You will:

• Understand the structure of leases and lease accounting with an emphasis on off-balance-sheet leases and related disclosure in the financial footnotes.
• Identify when affiliate organizations are consolidated on financial statements and when they are kept off balance sheets, along with the accounting implications on the financial statements of each scenario.
• Understand and identify basic off-balance-sheet items such as contingencies, commitments, and guarantees.
• Understand the basic elements of transactions using variable interest entities (formerly known as special-purpose vehicles).

Our Web seminars provide the following benefits: 

• Cost-efficient and convenient — There’s no travel time, travel expenses, or time out of the office.
• Available 24/7 to suit your schedule
• Risk-free — You can go back and listen as often as you like within 30 days from the date of your  first log-in.
• Safe and secure — Only those enrolled with the user ID and password can access the course.
• All you need is an Internet connection.

Workstation Requirements

• Windows Media Player
• Internet Explorer version 5.5+ with JavaScript and cookies enabled.
• 800 x 600 screen resolution.
• Internet connection (high-speed broadband connection recommended).
• Display driver settings: 16-bit color or better; font set to “Standard” or “Small.”
• Speakers or a headset.

Proxy/Firewall Settings

• Port 80 must be open both incoming and outgoing.

RMA-CRC: 1 CEU

Please allow one business day to receive Web seminar access information via e-mail.