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Speaker:


Paul J. Sanchez

Paul J. Sanchez, CPA, CBA, CFSA, CGMA conducts a small CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University - C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors. He also was on the technical staff of the Auditing Standards and Examinations Divisions of the AICPA. He practiced public accounting in the New York office of Deloitte where he also was a firm recruiter and in-house professional development instructor. He was an owner and auditing and accounting seminar leader for the Person/Wolinsky CPA Review Courses, a company that prepared candidates to pass the Uniform CPA Examination. He is a frequent lecturer and seminar leader for accounting, auditing, banking, risk assessment and other professional presentations. He is the author of the textbook, “Accounting Basics for Community Financial Institutions” (Financial Managers Society, 2nd edition, Chicago, 2009) and the “Ideas an Analysis Letter: The Sanchez Take” (see www.sanchez-psa.com). As a contributing author, his chapter on ‘An Auditor’s Approach to Risk-Based Auditing: What to Audit and When,’ is included in the textbook, “Effective Auditing for Corporates: Key Developments in Practice and Procedures,” (Bloomsbury Information, Ltd, London, 2012).

Live Webinars

Chronicles

Industry: Banking and Finance

Duration: 90 Minutes

Recorded Session

Capital ratios are essential metrics for financial institution management and for regulators. The capital ratios measure the liquidity issue of the institutions. The webinar discusses the scarcity of capital for banks and bank holding companies. It explains how financial institutions are highly leveraged and the owners have little “skin in the game.” A review of call report ratios will verify these notions

Industry: Banking and Finance

Duration: 60 Minutes

Recorded Session

This 90-minute webinar provides an overview of ALM principles and ALM measurement techniques. It focuses on auditor issues and procedures related to the audit of the ALM function.

It covers important ALM topics such as:

 

Liability sensitivity

Monitoring the mismatch of maturing interest sensitive assets and maturing interest sensitive liabilities

Knowing management’s view of the future direction of interest rates

Reviewing strategies used to react to expected changes in interest rates

Understanding “immunity”

Understanding “position management”

Managing the “gap”

Industry: Banking and Finance

Duration: 60 Minutes

Recorded Session

Financial Statement information at times appears to be overwhelming. Directors, managers, officers, auditors, reviewers, investors, controllers, regulators and others often try to focus on financial statements to pinpoint bank areas of concern.
These financial statement analysts are usually concerned with:

  • Unusual transactions
  • Unusual events
  • Accounting changes
  • Business changes
  • Misstatements

Various tools are used to help focus on the analysis.

Generally, the tools include:

  • Use of Financial Statement Analytical Procedures (APs) Designed to Focus on Bank Area of Concern
  • Use of the Uniform Bank Holding Company Performance Report (UBHCPR)
  • Use of Key Indicators (KIs)

This webinar addresses the first of these three tools – Use of Financial Statement Analytical Procedures.
The other two tools are covered in other webinars.
This webinar addresses historical trend analysis which includes:

  • Dollar Analysis
  • Percentage Analysis
  • Common-Size Financial Statement Analysis: Balance Sheet and Income Statement

Industry: Banking and Finance

Duration: 90 Minutes

Recorded Session

Financial Statement information at times appears to be overwhelming. Directors, managers, officers, auditors, reviewers, investors, controllers, regulators and others often try to focus on financial statements to pinpoint bank areas of concern.

These financial statement analysts are usually concerned with:

  • Unusual transactions
  • Unusual events
  • Accounting changes
  • Business changes
  • Misstatements

Various tools are used to help focus on the analysis.
Generally, the tools include:

  • Use of Financial Statement Analytical Procedures (APs) Designed to Focus on Bank Area of Concern
  • Use of the Uniform Bank Holding Company Performance Report (UBHCPR)
  • Use of Key Indicators (KIs)

This webinar addresses the first of these three tools - Use of Financial Statement Analytical Procedures.
The other two tools are covered in other webinars.
This webinar addresses historical trend analysis which includes:

  • Dollar Analysis
  • Percentage Analysis
  • Common-Size Financial Statement Analysis: Balance Sheet and Income Statement

It also reviews and discusses Ratio Analysis which emphasis on:

  • Profitability Ratios
  • Focusing on:
    • Return on average assets
    • Return on average equity
    • Growth in EPS
    • Interest ROA
    • Interest income ratio
    • Interest express ratio
    • Net interest margin
    • Non interest ROA
    • Overhead burden
  • Capital Ratios
  • Focusing on:
    • Capital adequacy
    • Regulatory capital ratio
    • Asset leverage ratio
    • Internal capital generation rate
  • Asset Quality Ratios
  • Focusing on:
    • Asset quality ratio
    • Net charge-offs ratio
    • Non-performing ratio
    • Non-performing assets reserved
  • Liquidity Ratios
  • Focusing on:
    • Loan to deposit ratio
    • Jumbo deposit ratio
    • Loans to earning asset ratio
    • Short-term investment ratio
  • Productivity Ratios
  • Focusing on:
    • Non-interest expense ratio
    • Revenue per employee ratio
    • Efficiency ratio
    • Overall efficiency ratio

The webinar presents and discusses the typical common-size balance sheet and common-size income statement. It shows how to calculate the following metrics and what they really mean.

  • Return on Average Assets
  • Return on Average Shareholders' Equity
  • Average Equity to Average Assets
  • Primary Capital Ratios
  • Net Charge-Offs to Average Loans
  • Reserve for Loan Losses to Year-End Loans
  • Liquidity Ratio (Cash Reserve ÷ Total Deposits)
  • Loan Ratio (Total Loans ÷ Total Deposits)
  • Leverage Ratio (Total Loans ÷ Total Capital)
  • Expense Ratio (Operating Expenses ÷ Operating Income)

This webinar presentation gives the attendees an overall appreciation for the power of these simple ratios and analytical comparisons. The power of the financial statement AP tool is clearly demonstrated in this webinar. Information covered can be immediately put to use by all reviewers of financial statements.

Industry: Banking and Finance

Duration: 90 Minutes

Recorded Session

This 90-minute webinar covers the following topics:

  • The balance sheet approach to accounting for income taxes
  • The handling (from creation to write-off) of deferred tax assets and deferred tax liabilities
  • Need for a valuation account in certain circumstances
  • Specific examples of differences – temporary and permanent
  • Special topics such as accounting for net operating losses, multiple tax rates etc.
  • AMT