Basic Accounting Workshops will explain CU accounting terms, principles


Registration is open for the New York Credit Union Association’s Basic Accounting Workshops, which will be held Aug. 20 and 21 in Buffalo and Albany, respectively. The sessions are designed to explain financial reporting in easy-to-understand terms for credit union staff.

To register for a session, use the links below:

These sessions are designed to help staff understand how the work they do serving members relates to the credit union’s overall finances and financial reporting. The workshops will take a practical approach to explaining financial reporting without getting bogged down in technical accounting jargon. At the same time, commonly used terms will be explained so that participants will be able to understand the basic terminology that is part of credit union accounting.

This year’s workshops will again be led by Jeffrey Paille, a CPA and audit partner at the Bonadio Group; and Grace Gonzalez, a CPA and audit principal at the Bonadio Group.

Paille’s background includes conducting financial statement audits of credit unions. Paille has also consulted with credit unions on various matters, including executive compensation arrangements, strategic planning, board election procedures, merger due diligence and accounting, allowance for loan losses considerations, the adoption of new accounting standards, and other matters.

Gonzalez has served on audit teams for numerous credit unions. She has significant experience addressing audit implications related to loan portfolios and lending programs, investing and borrowing activities, performing compliance audits for specialized lending programs, as well as understanding and evaluating internal controls.

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