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The books and records are the backbone of the broker/dealer and investment banker business. Explore how information for the Stock Record and General Ledger is gathered, validated and then reported. Learn the federal rules that mandate what and how information must be obtained and maintained.
| Topics include: |
• Account number structure considerations
• Debits/ credits, assets/ liabilities and their impact on security and cash balances
• Effects of fails, stock loans/borrows, and repos |
• Federal regulations impacting the stock record and general ledger
• Resolution of breaks and illogical positions
• Suspense and exception activity |
| Benefits of attendance: |
• Balance a stock record
• Generate a trial balance
• Grasp importance of timely & accurate information |
• Identify how to use account ranges
• Learn to book cash and securities entries
• Understand two-sided accounting |
| Staff from the following areas should attend: |
• Compliance
• Information Technology
• Internal Audit |
• Operations
• Regulatory Reporting
• Risk Management |
Basics of the Securities Industry program and knowledge of accounting or equivalent experience preferred |
