Webinar: Financial Literacy Part 2: How to Interpret Key Ratios, Risks & Reporting
August 10, 2023 3:00 pm - 4:30 pm
In this session, attendees will gain exposure, learn about, and understand their credit union’s financial statements, critical ratios, and trends so they can effectively perform their responsibilities.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Learn and understand key financial literacy components of your credit union’s financial condition
- Understand your credit union’s financial statements and how risks are identified
- Identify key financial statement ratios and trends
- Discuss key accounting principles
WEBINAR DETAILS
Everything a credit union does to serve its members involves some kind of risk, whether it be collecting loans, investing excess funds, providing electronic services to members, etc. This program will explain how these risks can be identified. Understanding your credit union’s financial statements, key financial ratios, and trends is essential and required for officials in performing their fiduciary role. Part 2 of this two-part series will cover a sample financial statement and explain how to translate these numbers into key financial ratios and trends to understand the financial performance of your credit union. In addition, this webinar will cover some key accounting principles for proper financial statement reporting.
WHO SHOULD ATTEND?
This informative session is designed for directors, supervisory and audit committee members, new credit union employees, rising stars at your credit union, and accounting department personnel.
TAKE-AWAY TOOLKIT
- Website links to provide additional guidance
- Sample financial statement
- Sample critical key ratios
- Cheat sheet – 7 Credit Union Risk Categories
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Presenter: Bryan Mogensen, CLA
Bryan Mogensen is an assurance principal at CLA in Phoenix, AZ. With CLA since 1995, Bryan has extensive audit and public accounting experience and has devoted the last 30 years specifically to financial industry clientele. Bryan serves as leader of CLA’s western region financial institution audit, internal audit, and employee benefit plan audit practices. His background includes overseeing and managing audits and internal audits of CUs, CUSOs, profit sharing plans, 401(k) plans, defined benefit plans, and employee and group health plans.
Bryan frequently has national speaking engagements and is a licensed CPA and a member of the AICPA and ASCPA. He received a bachelor’s in Business Administration with an emphasis in accountancy from the University of Wisconsin-Milwaukee.