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

Presented by: Ascensus  This 60-minute program will be presented live on: February 9, 10:00-11:00 a.m. Central Time Recording available through: May 9, 2022 Price: $275 The rules and regulations governing IRAs, HSAs, and other tax favored savings accounts are constantly evolving, and can be challenging to keep up with. Rely on our industry experts to bring you up to date on recently proposed legislation and regulatory updates that may affect your organization and your clients. Read More

Presented by: David Osburn, Osburn & Associates, LLC This 90-minute program will be presented live on: February 8, 2:00-3:30 p.m. Central Time Recording available through: May 8, 2022 Price: $330 This seminar will provide the banker with the basics/refresher of accounting. The program will demonstrate how the income statement, statement of owner’s equity, balance sheet, and statement of cash flows are developed and connect to each other. The seminar will also cover the ten-step accounting cycle leading up to the creation of the financial statements including the rules of debits and credits, accrual versus cash basis accounting, adjusting entries, accounting for inventory and receivables, long-term liabilities and depreciation, proper analysis of the notes to the financial statements, types of financial statements, and the CPA opinion. The seminar will include several hands-on examples to reinforce the accounting concepts. Items covered include: The four financial statements- income statement, statement of owner’s equity, balance sheet, and statement of cash flows The ten-step accounting cycle (business transactions to the post-closing trial balance) Rules of debits and credits Accrual versus cash basis accounting Adjusting entries Accounting for inventory and receivables Long-term liabilities and depreciation Analysis of the notes to the financial statements Types of financial statements and the CPA opinion Examples to reinforce accounting concepts Target Audience:  Commercial lenders, credit analysts, branch managers, private bankers, and business development officers Read More

Presented by: David Osburn, Osburn & Associates, LLC This 90-minute program will be presented live on: March 16, 10:00-11:30 a.m. Central Time Recording available through: June 16, 2022 Price: $330 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

Presented by: David Osburn, Osburn & Associates, LLC This 90-minute program will be presented live on: March 15, 10:00-11:30 a.m. Central Time Recording available through: June 15, 2022 Price: $330 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

Presented by: David Osburn, Osburn & Associates, LLC This 90-minute program will be presented live on: March 22, 10:00-11:30 a.m. Central Time Recording available through: June 22, 2022 Price: $330 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 (DB) plans 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), the CARES Act, and proposed tax legislation Target Audience: Commercial lenders, credit analysts, relationship managers, credit administrators Read More