The GSB Online Seminar Series

Presenter: Shane Daniel, SBS CyberSecurity, LLC This 90-minute program will be presented live on: September 29, 2:00-3:30 p.m. Central Time Recording available through: December 29, 2021 Price: $199 On June 30, 2021, the FFIEC released its latest guidance - the Architecture, Infrastructure, and Operations (AIO) booklet. This new guidance completely overhauled the previous IT "Operations" booklet from 2004. The new AIO booklet is a much-needed, modern take on how to manage IT Operations at a financial institution and includes many new and forward-looking regulatory expectations.  Join us to discuss the new FFIEC AIO booklet, including the following areas: AIO guidance structure and overview Architecture Infrastructure Operations Big Takeaways (what to look out for going forward) Target Audience:  Information security officer, IT managers   Read More

Presenter: David Osburn, Osburn & Associates, LLC This 90-minute program will be presented live on: November 9, 10:00-11:30 am Central Time Recording available through: February 9, 2022 Price: $275 This program will explore multiple models of both business and personal (business owner) cash flow analyses. The session will begin with the business traditional EBITDA cash flow and personal cash flow of the business owner (using the 1040 tax return, including tax schedules and K-1s, and the personal financial statement). Additionally, the Global Cash Flow or combined business & personal cash flow model will be displayed. This will be followed by the Statement of Cash Flows (using the Direct and Indirect Methods), as prepared by the CPA, the UCA Cash Flow (using the Moody’s software spreadsheet), Cash Basis Cash Flow, Fixed-Charge Coverage (FCC), and Free Cash Flow (FCF). Various cash flow projections and sensitivity analyses will also be explored. The webinar will then conclude with commercial real estate (CRE) cash flow analysis and other related real estate investment cash flow models.  Topics to be covered include: Business (EBITDA) & personal cash flow analyses Global cash flow: combining the business and personal cash flows Statement of cash flows, UCA cash flow, cash basis cash flow, fixed-charge coverage, and free cash flow Cash flow projections and sensitivity analysis CRE cash flow analysis including investment models Target Audience: Commercial lenders, commercial relationship managers, credit analysts, loan administrators Read More

Presenter: David Osburn, Osburn & Associates, LLC This 90-minute program will be presented live on: November 2, 10:00-11:30 a.m. Central Time Recording available through: February 2, 2022 Price: $275 Attend this proactive seminar and learn a comprehensive approach to financial statement analysis. The session will begin with analyzing the four financial statements - Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. This will include revenue and expense recognition, FIFO, LIFO, and average inventory costing models, operating expenses (repairs) versus improvements, depreciation including straight-line, units-of-production, and double-declining balance, amortization, and depletion. The seminar will also explore accounts receivable assessment, allowance for doubtful accounts, intangible assets, accounts payable assessment, capital and operating leases, and analysis of the equity section of the Balance Sheet including partners’ capital accounts, common and preferred stock, treasury stock, stock splits, and retained earnings.   Additionally, the types or levels of financial statements will be highlighted including company-prepared, compiled, reviewed, and audit. The audited financial statements will include unqualified, qualified, adverse, and disclaimer. The participant will then be introduced to a five-part financial statement analysis model which will include the liquidity, activity, leverage, operating performance, and cash flow. The Cash Flow section will include the business traditional EBITDA cash flow and personal cash flow of the business owner (using the 1040 tax return, including tax schedules and K-1s, and the personal financial statement). Additionally, the global cash flow or combined business & personal cash flow model will be displayed along with sensitivity cash flow analysis. Additionally, the related topics of the Z-Score (bankruptcy predictor) and the sustainable growth models will be reviewed. Two case studies will be used to illustrate the five-part analysis model and the correct interpretation of the financial statements.  Objectives: Analyze the four financial statements including Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows Explore income statement issues including revenue recognition, inventory costing, and depreciation Cover Balance Sheet accounts including accounts receivable, allowance for doubtful accounts, accounts payable, and the equity section Review the levels of financial statement reporting including company-prepared, compiled, reviewed, and audit Analyze a “five-part” analysis model including liquidity, activity, leverage, operating performance, and cash flow Analyze the EBITDA, personal (business owner), global, and sensitivity cash flow analyses Discuss the Z-score (bankruptcy predictor) and sustainable growths models Summarize the seminar concepts through case studies Target Audience: Commercial lenders, commercial relationship managers, credit analysts, loan administrators Read More

Presenter: Richard Hamm, Advantage Consulting & Training This 90-minute program will be presented live on: October 26, 1:00-2:30 p.m. Central Time Recording available through: January 26, 2022 Price: $275 Many bankers underwrite loans primarily from personal and business tax returns, particularly at the community bank level. What reported income is actually cash flow? How can we properly assess a large capital gain (or loss)? How can you determine of an item is recurring? Why should you exclude non-recurring items? How do loss carryforwards affect cash flow? What is the Section 179 deduction? This program provides answers and provides case examples. Specific subjects that will be covered during the seminar: Examples of capital gains (and losses) and how to extract the cash flow involved Issues in determining if an item is recurring When to ask questions of the borrower and/or his or her tax advisor when the tax return does not appear to make sense What is a loss carryforward item and how it should be treated in an analysis Overview of Section 179 for write-off or depreciation of assets In complex situations, ideas for limiting the analysis to material or significant items, and how to determine if further and/or annually updated information should be waived Ways to move forward with analysis while waiting for additional information Why you will often need information beyond what is reported in tax returns Target Audience: Branch managers, consumer lenders, mortgage bankers, private bankers, small business lenders, commercial lenders, credit analysts, loan review specialists, special assets officers, lending managers and credit officers Read More

Presenter: David Osburn, Osburn & Associates, LLC This 90-minute program will be presented live on: November 15, 2:00-3:30 p.m. Central Time  Recording available through: February 15, 2022 Price: $275 This seminar will provide the banker with several advanced tax return concepts and related analyses to help them more effectively work with their business customers. The session will begin with a brief review of analyzing a business owner’s personal 1040 tax return and the return of an LLC, S corporation, and C corporation including Schedules M-1 and M-2, Schedule K-1, pass-through transactions, and other deductions. The remainder of the seminar will cover the following advanced tax topics related to business clients: Corporate tax Issues including business structure, Section 179 depreciation, and bonus depreciation Investments including capital gain/loss issues and passive activities Real estate issues including personal residence, rentals, home offices, and 1031 tax-free exchanges Employer provided benefits including Qualified Retirement Plans and Health Savings Accounts (HSAs) Retirement planning strategies including defined benefit plans and captive insurance Estate planning issues including gifting Year-end tax strategies Changes to the tax code that impact business owners including the tax cuts and Jobs Act (TCJA) Each of the program topics will be presented from the perspective of more effectively working with the bank’s business customers. Target Audience: Commercial lenders, credit analysts, loan documentation specialists, branch managers, private bankers, and business development officers Read More

Presenter: Richard Hamm, Advantage Consulting & Training This 90-minute program will be presented live on: November 23, 1:00-2:30 p.m. Central Time Recording available through: February 23, 2022 Price: $275 This seminar is designed to strengthen your ability to analyze personal financial statements and loan applications within a simple, logical and consistent framework.  It provides the tools needed to build an assessment of an individual’s financial strength as a direct borrower, or as a guarantor of a business loan.  This assessment provides the foundation for further cash flow analysis, generally from personal tax returns.  Understanding that many banks use an automated process for consumer lending, this program will help participants understand what is happening in the background. This program will review: Current industry trends   Taking the loan application, getting the needed information, and issues with helping the customer complete the schedules Beyond W-2’s and pay stubs: Tips on how to qualify income and verify employment Personal financial statement (PFS) overview and eight items bankers should look for “Three-step” approach to reviewing and analyzing a PFS in an efficient manner Issues with getting complete and accurate information from the customer The format does matter: Key features of bank-provided formats for a PFS compared to an accountant-prepared PFS, including assets and liabilities, reported income, and contingent liabilities How to calculate adjusted net worth and outside net worth Target Audience: Branch managers, consumer lenders, mortgage bankers, private bankers, small business lenders, credit analysts, loan review specialists, consumer lending managers and credit officers Read More