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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).

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

Associate member price$0.00
Professional member price$140.00
Nonassociate at member institutions price$0.00
Nonmember price$185.00
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