TBMA Panel Tackles Tricky Derivatives Accounting Rule
- Senator seeks to exempt banks from derivatives reporting rule. de Senerpont Domis, Olaf // American Banker;11/17/1997, Vol. 162 Issue 221, p2
Features the bill introduced by Senator Lauch Faircloth that could exempt banks from a controversial accounting rule for derivatives. Aspects of the regulation; Faircloth's complaint that the Financial Accounting Standards Board (FASB) has worked too closely with the Securities and Exchange...
- IASC publishes far-reaching proposals on accounting for assets and liabilities. // Management Accounting: Magazine for Chartered Management Account;May97, Vol. 75 Issue 5, p6
Presents proposals by the International Accounting Standards Committee on the accounting of financial assets and liabilities, including derivative financial instruments, such as swaps and options. Balance sheet recognition; Treatment of changes in fair values; Changes in the financial markets...
- SEC backs derivatives accounting plan. Roland, Neil // American Banker;5/22/1997, Vol. 162 Issue 98, p34
Reports that US Securities and Exchange Commission Chairman Arthur Levitt Jr. has endorsed the Financial Accounting Standards Board's controversial proposal on derivatives accounting. Opposition from banks, securities firms and influential congressmen; Year-long study of the proposal urged by...
- Bankers to join hearings to protest proposed rules on reporting derivatives. Wexler, Celia Viggo // American Banker;10/21/1996, Vol. 161 Issue 202, p2
Reports on the banking industry's opposition to proposed rules in the United States for accounting derivative securities. Proposals from the Financial Accounting Standards Board (FASB); Volatility stemming from the use of fair-market valuation standard; Problems resulting from FASB's standards.
- SEC proposes derivatives rule. Bisgay, Louis // Management Accounting: Magazine for Chartered Management Account;May96, Vol. 74 Issue 5, p54
Discusses the Securities and Exchange Commission's proposed amendments to Regulation S-X, Regulation S-K, and other accounting policies for derivative financial instruments. Disclosure outside the financial statements of qualitative and quantitative information about market risk inherent in...
- One world, one GAAP? Not yet! Dave, Lindorff // Global Finance;Dec97/Jan98, Vol. 12 Issue 1, p28
Reports that accounting for derivatives is hampering the adoption of one set of generally accepted accounting principles (GAAP). National pride and concerns during a meeting of the International Accounting Standards Committee; Adherence and resistance to United States financial-instruments...
- Hearing on FASB derivatives plan set for Oct. 1. de Senerpont Domis, Olaf // American Banker;9/19/1997, Vol. 162 Issue 181, p2
Reports that United States Representative Richard Baker will hold on October 1, 1997 hearing on the Financial Accounting Standards Board's controversial derivatives proposals.
- THE EFFECT OF ACCOUNTING FOR DERIVATIVES ON OTHER COMPREHENSIVE INCOME. Jones, Jefferson P.; Wilson, Arlette C.; Dyson, Robert A,; Steinberg, Joel // CPA Journal;Mar2000, Vol. 70 Issue 3, p54
Discusses how accounting for derivatives affect other comprehensive income (OCI). What the SFAS requires for items recognized under accounting standards as components of comprehensive income; How the components are created; Examples of hedges resulting in OCI; Effect of accounting for...
- New derivatives rules will make waves. CONNOLLY, JIM // National Underwriter / Life & Health Financial Services;1/18/99, Vol. 103 Issue 3, p1
Discusses the potential impact of the Statement of Financial Accounting Standards No. 133 on insurance companies. How the standard requires entity to recognize all derivatives; Comment from Ira Strassberg, a KPMG senior manager-capital markets; How the standard should be examined.