Understand the major accounts used in credit unions and the importance of internal controls. Learn the procedures for closing accounts and preparing financial statements. Understand dividend calculations and reserve accounts. Easy to use activities have been added to each chapter to test staff's knowledge. For the third edition, new sections on market value accounts, additional reporting and disclosure requirements, movement from regulatory accounting to GAAP, and the roles of various accounting watchdogs were added.
This is a CUNA STAR course.