Bank Accounting Advisory Series 2018
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- Bu səhifədəki naviqasiya:
- Topic 12D Allowance for Credit Losses All questions UP DAT E D Topic 1A
- Topic 10D Corporate Reorganizations Question 2 Topic 11B Hedging Activities Question 3 D EL ET ED
- Contents Message From the Chief Accountant
- Topic 2 Loans
- Topic 3 Leases
- Topic 4 Allowance for Loan and Lease Losses
- Topic 6 Liabilities
- Topic 7 Income Taxes
| Bank Accounting Advisory Series i August 2018 Message From the Chief Accountant I am pleased to present the Office of the Chief Accountant’s August 2018 edition of the Bank Accounting Advisory Series (BAAS). The BAAS expresses the office’s views on accounting topics relevant to national banks and federal savings associations (collectively, banks or institutions, unless otherwise specified). We hope you find this publication useful. This edition reflects Accounting Standards Updates (ASU) issued by the Financial Accounting Standards Board (FASB) through March 31, 2018. Because many ASUs have different effective dates for public business entities (PBE) and institutions that are not PBEs (non-PBE), we have differentiated staff responses for new ASUs between those that (1) are already effective for PBEs and must be adopted by non-PBEs beginning in 2019 (2) while not yet effective for all institutions, must be adopted by PBEs beginning in 2019 and may be adopted early by other institutions, or (3) are not yet effective for any institutions but for which early adoption is allowed. To differentiate these three scenarios, we have three color schemes—green for content applicable to both PBEs and non-PBEs, lavender for content applicable to PBEs and early adopters, and gold for content applicable to early adopters only. The responses in green, lavender, and gold text boxes replace the original staff responses for applicable entities and should not be read in conjunction with the original staff responses. We have added Topic 12, Credit Losses, to address ASU 2016-13, the FASB’s standard on credit losses. Topic 12 only applies to institutions that early adopt ASU 2016-13 in 2019. The following questions have been added, updated, or deleted in the 2018 edition of the BAAS: N EW Topic 3B Lessee Classification and Accounting Question 6 Topic 11B Hedging Activities Questions 4 and 5 Topic 12A Credit Losses on Debt Securities All questions Topic 12B Troubled Debt Restructurings All questions Topic 12C Acquired Loans All questions Topic 12D Allowance for Credit Losses All questions UP DAT E D Topic 1A Investments in Debt and Equity Securities Question 16 Topic 2A Troubled Debt Restructurings Question 8 Topic 3D Lease Exit Costs Question 2 Topic 10B Intangible Assets Question 7 Topic 10D Corporate Reorganizations Question 2 Topic 11B Hedging Activities Question 3 D EL ET ED Topic 1A Investments in Debt and Equity Securities Question 1 Topic 2C Commitments Question 2 Topic 7A Deferred Taxes Question 7 Bank Accounting Advisory Series ii August 2018 As part of our annual review process, we made minor edits to some existing entries and renumbered others. Banks are reminded that the BAAS does not represent official rules or regulations of the Office of the Comptroller of the Currency (OCC). Rather, the BAAS represents the OCC Office of the Chief Accountant’s interpretations of generally accepted accounting principles and guidance based on the facts and circumstances presented. Deviations from these interpretations may raise supervisory concerns. Sydney S. Menefee Deputy Comptroller and Chief Accountant Office of the Comptroller of the Currency Bank Accounting Advisory Series iii August 2018 Contents Message From the Chief Accountant ................................................................ i Topic 1 Investment Securities ........................................................................................ 1 1A. Investments in Debt and Equity Securities ..................................................... 1 1B. Other-Than-Temporary Impairment ............................................................. 12 Topic 2 Loans ................................................................................................................ 22 2A. Troubled Debt Restructurings ...................................................................... 22 2B. Nonaccrual Loans ........................................................................................ 48 2C. Commitments .............................................................................................. 64 2D. Origination Fees and Costs ......................................................................... 72 2E. Loans Held for Sale ..................................................................................... 77 2F. Loan Recoveries .......................................................................................... 87 2G. Acquired Loans ........................................................................................... 90 Topic 3 Leases .............................................................................................................. 97 3A. Lessor Classification and Accounting .......................................................... 97 3B. Lessee Classification and Accounting ........................................................ 105 3C. Sale-Leaseback Transactions ................................................................... 109 3D. Lease Exit Costs ....................................................................................... 114 Topic 4 Allowance for Loan and Lease Losses ........................................................ 116 Topic 5 OREO and Other Assets ................................................................................ 146 5A. Other Real Estate Owned .......................................................................... 146 5B. Life Insurance and Related Deferred Compensation.................................. 172 5C. Miscellaneous Other Assets ...................................................................... 176 Topic 6 Liabilities ........................................................................................................ 181 6A. Contingencies ............................................................................................ 181 6B. Other Borrowings ....................................................................................... 184 Topic 7 Income Taxes ................................................................................................. 186 7A. Deferred Taxes .......................................................................................... 186 7B. Tax Sharing Arrangements ........................................................................ 189 7C. Marginal Income Tax Rates ....................................................................... 192 Yüklə 1,63 Mb. Dostları ilə paylaş:
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