Find solutions to your day-to-day challenges as a controller and take part in an industry-specific drill-down of key accounting standards, during this highly-rated seminar.

Designed specifically to address the key issues that you face as a controller of a community bank, thrift or credit union, this program is updated each year based on previous attendee feedback and current industry hot-button issues. Guided by a team of industry experts, you’ll cover everything from budgeting to fair-value to ALLL methodology and troubled debt restructuring. You’ll discover best practices that will save you time and money and gain insight that make better use of your skills.

Day one will conclude with a roundtable discussion based on attendee needs and feedback. This, along with built in networking breaks throughout the program, will assist you in exchanging new ideas with your peers.

You’ll walk away with a better understanding of industry specific accounting standards and the tools needed to tackle the challenges you encounter head-on!

• Learn how to develop and document an ALLL methodology that is in compliance with GAAP and regulatory requirements
• Take an in-depth look at budgeting and examine the keys to a successful budgeting process
• Define troubled debt restructuring and learn how it should be handled for accounting and reporting purposes
• Examine effective strategies for improving branch performance
• Review accounting and reporting implications for FAS 141R
• Discuss current issues in asset liability management including ALM models and interest rate
• Improve your understanding of fair value and other-than-temporary impairment

Monday, August 16, 2010

8:30 AM – 9:00 AM Registration & Continental Breakfast
9:00 AM – 4:45 PM Workshop

ALLL Impairment, Methodology, Documentation and Disclosures
Jyothi Manahor, Director, McGladrey & Pullen LLP

• Developing and documenting a compliant ALLL Methodology
• Current regulatory issues and trends in methodologies
• Best practices in formulating an allowance methodology
• Documenting the assumptions and support needed to satisfy auditors and regulators
• Updating your methodology as circumstances warrant
• Review of the latest for disclosures of the ALLL

Best Practices in Budgeting
Robert E. Kafafian, President & CEO, The Kafafian Group, Inc.

• Examine the keys to the budgeting process
• Integrating management's goals
• Working with operating budgets: Costs and expenses
• Controlling cash and structuring a budget

Troubled Debt Restructurings: Loan Modifications
Jyothi Manahor, Director, McGladrey & Pullen LLP

• Define TDR and outline risk and benefits
• Best practices in accounting and reporting for TDRs
• Industry observations (including challenges encountered) when it comes to TDRs

Driving Branch Performance and Profitability
Tim Reimink, Senior Consultant, Crowe Horwath LLP

• Concepts and pitfalls of typical branch profitability
• The “Branch Value Metric” approach to branch profitability
• Why branch profitability measurement must be reworked to be truly useful for decision making and goal setting
• Effective strategies for improving profitability and value
• Aligning individual goals and incentives with branch performance
• Combining branch location and operating approaches to generate increased income and value

Business Combinations: Applying FAS 141R, Evaluating Goodwill and Determining Core Deposit Intangibles
Don Hutson, National Industry Partner, BKD LLP

• Accounting and reporting implications of FAS 141R
• Initial implementation issues
• Key changes important for decision-making
• Associated valuation issues, including identifying intangible assets and the subsequent evaluation for goodwill impairment

ALM Current Issues
Mike Guglielmo, Managing Director, Darling Consulting Group, Inc.

• Avoiding the pitfalls associated with today's current ALM issues
• Identifying and addressing possible problems before they occur
• Maximizing balance sheet opportunities presented by the current yield curve
• Practical tips and practices to guarantee that your ALM is not MIA (Missing in Action)
• Liquidity contingency planning

ALM Models and Interest Rate Risk
Mike Guglielmo, Managing Director, Darling Consulting Group, Inc.

• Defining/types of IRR
• Effect on liquidity
• How models measure interest rate risk
• Modeling trends and issues
• Modeling do’s, don’ts and top mistakes
• Establishing risk limits

Fair Value and Other-than-temporary Impairment (OTTI)
John P. Behringer, CPA, Director, McGladrey & Pullen LLP

• Interaction between fair value and OTTI
• Concepts for cash flow analysis and modeling
• Implementation and practice issues
• Implications of fair value changes on Accounting, Acquisition, ALLL, and ALCO analysis and financial reporting

FMS is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses. Complaints regarding sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue, North, Suite 700, Nashville, TN 37219-2417 Web: www.nasba.org.

• Level: Basic to Intermediate
• Prerequisites: None
• Advance preparation: None
• Field of Study: Up to 13 hours in the field of Accounting
• Instructional Method: Live-Group

For more information regarding administrative policies such as complaints or refunds, call 800-ASK-4FMS (800-275-4367).

Any one responsible for accurate accounting and reporting at a bank, thrift or credit union, including:

• CFOs
• Controllers
• Comptrollers
• Financial Analysts
• Accountants

Hotel Sax Chicago
333 North Dearborn Street
Chicago, IL 60654

Reservations: (877) 569-3742

Special room rate: $169 single/double
Deadline for rate: July 26, 2010

You must identify yourself as part of the Financial Managers Society program to receive the preferred rate. Reservations are limited to availability, so book early to ensure your savings.

Ground travel
Please visit www.thompsonhotels.com for detailed maps and directions.

Attire
Seminar attire is business-casual. Please bring a jacket or sweater as meeting rooms may be cool.

Refunds and Cancellations
A refund minus a $150.00 processing fee will be provided for cancellations received by FMS in writing by August 2, 2010. No refund can be given for cancellations received after that date; however, a substitution from your company is welcome. FMS reserves the right to change instructors or reschedule/cancel sessions when necessary. FMS is not responsible for airfare penalties that may be incurred due to the cancellation of FMS programs.

Save $100 with a Members-Only Team Discount!
FMS Members and their coworkers save $100 per person when they register two or more employees. Simply complete one form per person and deduct $100 from the fee.

Not an FMS Member? Join now and save with the team discount today!

John is a Director dedicated to working with McGladrey and Pullen’s Financial Institutions group. John has over 11 years of public accounting experience working specifically with community banks, both privately- and publicly-held, and de novo institutions, mortgage banks, investment companies and broker dealers. John focuses on providing assurance, advisory and risk management consulting services to community banks and financial service companies and managing the service delivery process. He has extensive experience providing external audit services that include SEC reporting experience, 404 implementation and on-going compliance services, loan review and due diligence services.

With over 20 years in asset/liability management, Michael provides both technical and strategic consulting to a diverse group of financial institutions in the U.S. and abroad. During his tenure at DCG, he has served in various capacities including Director of Financial Analytics. In addition, he has served as a technical resource for the development of DCG’s products and services. Prior to joining DCG in 1992, he managed the asset/liability management and strategic planning process for a large regional bank in the northeast.

Don is the National Industry Partner for BKD National Financial Services Group. He provides a full range of accounting, audit and consulting services. Services he provides include consulting in the areas of regulatory issues, profit planning, long range strategic planning, regulatory report preparation and acquisitions, as well as managing audits and directors examinations. He’s active in various industry associations as well as a frequent guest speaker for financial industry associations.

Bob Kafafian is President & C.E.O. of The Kafafian Group, a finance, strategy, and operations consulting firm that specializes in performance measurement, profitability outsourcing, strategic and business planning, process/profit improvement, and investment banking advisory services for the financial industry. Over the past thirty years he has consulted with and advised over 300 financial institutions in over forty states. He was instrumental in the design and development of a nationally established bank profitability software product and recognized as a leader in the performance measurement field of the banking industry.

Jyothi serves as a Financial Institutions Director for McGladrey & Pullen, LLP’s Accounting and Auditing Department as well as for RSM McGladrey Inc.’s Financial Institutions Risk Management Group for the Philadelphia area. She has over 20 years of experience in the financial services industry and is a Firm-designated Financial Institutions Specialist as well as Internal Control Specialist. She is a frequent speaker, presenting to client Board of Directors and Audit Committees on Risk Management topics.

Timothy is a senior consultant in the Financial Institutions Performance Consulting Group for Crowe Horwath LLP. Crowe’s consulting group focuses on improving the effectiveness of key areas which drive financial institution growth and performance. During his 5 years with Crowe, Timothy has assisted clients with branch performance assessment, activity costing, incentive compensation, commercial credit risk management, and operational process improvement. In addition to working with clients to improve performance, Timothy has conducted a unique to the industry Branch Performance Benchmarking Study, and is responsible for Crowe’s annual Financial Institutions Compensation Survey.