Call Report: Recent Changes, Highlights & Pitfalls
Speaker: Third Party Resources, Inc. (3PR)
This recording is from a 1-day instructor led program held on February 10 via Zoom. Recordings are 2 MP4 links. Electronic materials will be sent as well.
The Call Report is constantly changing, producing confusion and many questions. Extensive changes took place over the course of the past few years and it is anticipated that changes will continue into the future. Our nation’s recent challenges related to the economic crisis under COVID-19 have added to the reporting burden with changes impacting all financial institutions.
This virtual training will provide information on new, proposed, and revised changes to the Call Report with identification of specific Call Report line items impacted. Accounting guidance and regulatory changes will be discussed and presented in order to update those with Call Report preparation and review responsibilities.
Participants will receive handout materials to include a PDF version of the presentation and additional documentation required to support the topics covered in the program. The FFIEC 041 and 051 reports will be referenced in the presentation and materials.
This virtual training will cover new accounting and regulatory matters that impact the financial services industry and require reporting changes currently impacting the Call Report. The impact of the CARES Act and related regulatory interim and final rules resulting from the COVID-19 crisis will also be discussed.