Bank Accounting Advisory Series 2018
Yüklə 1,63 Mb. Pdf görüntüsü
|
- Bu səhifədəki naviqasiya:
- Topic 9 Income and Expense Recognition
- Topic 10 Acquisitions, Corporate Reorganizations, and Consolidations
- Topic 11 Miscellaneous Accounting
- Topic 12 Credit Losses
- Appendixes
- INVESTMENT SECURITIES 1A. Investments in Debt and Equity Securities Bank Accounting Advisory Series 1 August 2018 Topic 1
Bank Accounting Advisory Series iv August 2018 Topic 8 Capital ............................................................................................................. 194 8A. Sales of Stock ............................................................................................ 194 8B. Quasi-Reorganizations .............................................................................. 196 8C. Employee Stock Options ........................................................................... 198 Topic 9 Income and Expense Recognition ................................................................ 199 9A. Transfers of Financial Assets and Servicing .............................................. 199 9B. Credit Card Affinity Agreements................................................................. 210 9C. Organization Costs .................................................................................... 211 Topic 10 Acquisitions, Corporate Reorganizations, and Consolidations ................ 214 10A. Acquisitions ............................................................................................. 214 10B. Intangible Assets .................................................................................... 223 10C. Pushdown Accounting ............................................................................ 231 10D. Corporate Reorganizations ...................................................................... 235 10E. Related Party Transactions (Other Than Reorganizations) ...................... 237 Topic 11 Miscellaneous Accounting ........................................................................... 242 11A. Asset Disposition Plans ........................................................................... 242 11B. Hedging Activities .................................................................................... 244 11C. Financial Statement Presentation ............................................................ 248 11D. Fair Value Accounting ............................................................................. 249 Topic 12 Credit Losses ................................................................................................ 254 12A. Credit Losses on Debt Securities ............................................................. 254 12B. Troubled Debt Restructurings .................................................................. 259 12C. Acquired Loans ....................................................................................... 265 12D. ACL ......................................................................................................... 270 Appendixes ........................................................................................................................ 281 Appendix A. Commonly Used Abbreviations and Terms .................................. 281 Appendix B. Commonly Used Pre-Codification References ............................. 283 Appendix C. Commonly Used FASB Codification References.......................... 287 INVESTMENT SECURITIES 1A. Investments in Debt and Equity Securities Bank Accounting Advisory Series 1 August 2018 Topic 1 Investment Securities 1A. Investments in Debt and Equity Securities Question 1 How should a bank account for the unrealized gains or losses on investments denominated in a foreign currency? Staff Response The net unrealized holding gains and losses on AFS investments denominated in a foreign currency should be excluded from net income and reported in AOCI. The entire unrealized gain or loss, including both of the portions related to interest rate and foreign currency rate changes, is accounted for as an unrealized holding gain or loss and reported in the separate component of stockholders’ equity. Therefore, the income statement effect of foreign currency gains and losses is deferred until the security is sold. PBEs and non-PBEs In January 2016, the FASB issued ASU 2016-01, “Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Liabilities.” This guidance creates Topic 321, “Investments – Equity Securities,” which addresses accounting and reporting for investments in equity securities. ASU 2016-01 is effective for banks that are PBEs. For banks that are not PBEs, the guidance is effective for fiscal years beginning after December 15, 2018, and for interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted for banks that are not PBEs. The following staff responses comply with GAAP guidance applicable to all banks prior to adopting ASU 2016-01; to the extent that staff interpretations differ under ASU 2016-01, these are provided in separate green text boxes. UP DAT E D UP DAT E D PBEs and early adopters only In March 2017, the FASB issued ASU 2017-08, “Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.” ASU 2017-08 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, for banks that are PBEs. For banks that are not PBEs, the guidance is effective for fiscal years beginning after December 15, 2019, and for interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted for all banks. The following staff responses comply with existing GAAP guidance; to the extent that staff interpretations differ under ASU 2017-08, these are provided in separate lavender text boxes. Yüklə 1,63 Mb. Dostları ilə paylaş:
|