Idaho Bankers Association

WEBINAR - Accounting for OREO & ALLL: Part 1 Other Real Estate Owned

Date	Start	End	Location		Event Registration
13 Jul 2010	12:30 PM	2:30 PM	Webinar

Accounting for OREO & ALLL : Part 1 Other Real Estate Owned
Note: This tele-web seminar will begin on Tuesday, July 13, 2010 at 12:30 PM to 2:30 PM Mountain Time.

Click here for more information and/or to register online.

This session provides the knowledge to properly account for these transactions at acquisition and disposition. This discussion will deal with the complex issue of gain recognition upon the sale of foreclosed assets. Learn specifics and receive practical recommendations related to
supporting your OREO valuations.

Highlights include:

Information Applicable To All U.S. Banks:
Proper Accounting Treatment under Generally Accepted Accounting
Principles (GAAP) During:

Initial Acquisition
Establishing the Initial Carrying Value
Gain and Loss Treatment
Holding Period
Subsequent Expenditures
Capital Improvements
Subsequent Impairment
Disposition
Gain and Loss Treatment
Seller Financed Transactions
Practical Applications
15 fact based examples or question and answer scenarios
adapted from the OCCs most recent Accounting Advisory Series
Practical Information Specific to Nationally Chartered Banks:
OREO Defined
Allowable Acquisition Methods
Appraisal Requirements
Allowable Expenditures
Holding Period Requirements
Disposition Methods and Requirements

Presenter
Rodney McFadden is a Financial Institution Audit Division Manager for Pattillo, Brown & Hill, L.L.P. Rodney specializes in Internal Audits, Regulatory Compliance Examinations and BSA examinations. He has been an instructor for the Texas Banker`s Association’s Internal Audit
School and BSA Audit Seminar.

Audience
CEO`s, CFO`s, controllers, auditors, accountants, senior lenders and loan review personnel.

CE Applied: 2.5 hrs/session CLBB with the ICB

What is a Webinar?
A webinar is an online seminar featuring live audio and PowerPoint slides. Everything is delivered through your PC. No special hardware is needed - speakers or headphones are required. The program consists of 90 minutes instruction and 30 minutes live Q&A. Each webinar registration provides 1 connection to the webinar, materials and access to the On-Demand Webinar for 30 days after the broadcast. You may have unlimited listeners on your connection by PC. You will receive a PIN, materials and instructions prior to the seminar.

Transmission, retransmission or republishing of the seminar is prohibited. Your registration
entitles you to 1 connection at 1 location with permission to copy materials for participants.
Complete one registration per location.