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Audio Conference Series:
Accounting for OREO Properties Under Revised Program Conditions

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Date: Wednesday, July 15, 2009
Time:* 1:00 pm - 2:30 pm ET
Featured Speaker: Gary M. Deutsch
Duration: 90 Minutes
Location: Your office or conference room
Prerequisites: None
*Time reflects Daylight Saving Time
If your area does NOT observe Daylight Saving Time, the time will be one hour earlier.

With the increasing number of OREO transactions occurring today, make sure that real estate taken through the foreclosure process is accounted for according to Generally Accepted Accounting Principles (GAAP).

When accounting guidelines are not followed properly, institutions risk carrying inaccurate balances on their financial statements and regulatory reports. Inaccuracies could lead to improper financial decisions that may adversely impact regulatory safety and soundness assessments.

Join Accounting for OREO Properties Under Revised Program Conditions and get practical guidance for recording OREO transactions when acquiring, holding or disposing of foreclosed properties.

Topics to be covered include:

  • Gathering the required information to account for the foreclosure transaction
  • Correctly booking the OREO property at foreclosure
  • Accounting for value changes during the holding period
  • Managing OREO valuation reserves and the allowance for loan and lease losses
  • Following GAAP guidance to recognize a sale of OREO including loans to facilitate a sale and continuing investment requirements for OREO buyers
  • Obtaining sale and closing documents to support the transaction
  • Retaining proper sold property file

The program includes a 30-minute Q&A session following each session. Listen in and get the chance to ask your specific questions!

Registration Includes:

  • Admittance to the 90-minute call for as many people as you can fit in a room
  • Access to all presentation handouts (made available 48 hours in advance)
  • Participation in the 30-minute Q&A with the speaker following the presentation
  • Certificates of attendance for all audio conference attendees

About Our Speaker

Gary M. Deutsch, CPA MBA CMA CBA CIA has worked extensively with financial institutions in audit, lending, financial, and operational areas. He has served in senior positions for regional banks as VP of Finance, Real Estate Loan Officer and Senior Audit Manager. Mr. Deutsch served as a consultant to financial institutions in strategic planning, profit improvement, financial management, and merger- and acquisition-related studies while working at KPMG. He was the CFO at a start-up bank, where he organized the accounting, finance, and investment functions to manage significant growth.

Mr. Deutsch is the President of BRT Publications LLC, a professional authoring company serving the financial industry. Some of his published works for AlexInformation include ALM Management Manual, Loan Procedures Manual, Practices and Procedures for Financial Institutions Risk Management, Bank Controller’s Manual, Internal Audit Procedures Handbook, and Risk-Based Audit for Financial Institutions.