Mark to Market and Fair Value Accounting : An Examination.
James W. Curtis
Bok Engelsk 2009 · Electronic books.
| Omfang | 1 online resource (261 pages)
|
|---|---|
| Utgave | 1st ed.
|
| Opplysninger | Intro -- MARK TO MARKET AND FAIRVALUE ACCOUNTING:AN EXAMINATION -- CONTENTS -- PREFACE -- FAIR VALUE ACCOUNTING:CONTEXT AND CURRENT CONCERNS* -- ABSTRACT -- HISTORICAL COST ACCOUNTING VS.FAIR VALUEACCOUNTING -- THE FINANCIAL ACCOUNTING STANDARDS BOARD -- THE SARBANES-OXLEY ACT OF 2002,THE SEC, AND FASB -- FAIR VALUE AND MARK- TO-MARKET ACCOUNTING,ANDSECURITIES THAT ARE DESIGNATED AS TRADEABLE,HELD-TOMATURITY, AND AVAILABLE FOR SALE -- FINANCIAL ACCOUNTING STANDARD 157 -- BASIC DIVISIONS BETWEEN SUPPORTERSAND OPPONENTSOF FAIR VALUE ACCOUNTING -- CONGRESSIONAL INTEREST -- KEY ARGUMENTS AGAINST FAIR VALUE ACCOUNTING -- KEY ARGUMENTS IN FAVOR OFFAIR VALUE ACCOUNTING -- THE SEC EXAMINES THE IMPACT OF FAIRVALUEACCOUNTING ON FINANCIAL SERVICEFIRMS' BALANCESHEETS, INCOME STATEMENTS,AND ON BANK FAILURES -- SOME PROPOSED REFORMS -- SOME RECENT DEVELOPMENTS -- The FASB Clarification of October 2008 -- The Group of 30 Report -- FASB's 2009 Fair Value Projects -- REFERENCES -- WRITTEN TESTIMONY OF TANYA S. BEDER[1],CHAIRMAN, SBCC GROUP INC. PREPAREDFOR THE U.S. HOUSE OF REPRESENTATIVES,COMMITTEE ON FINANCIAL SERVICES,SUBCOMMITTEE ON CAPITAL MARKETS,INSURANCE AND GOVERNMENT SPONSOREDENTERPRISES,MARCH 12, 2009 -- 1. ON SUSPENDING MARK-TO-MARKET ACCOUNTING -- Recommendation -- 2. ON "FAIR" VALUE -- Recommendation -- 3.WE SHOULD NOT RELY ON SINGLE MEASURES -- Recommendation -- 4. ON PRO-CYCLICALITY -- Recommendation -- REFERENCES -- STATEMENT OF THE COMMERCIALMORTGAGE SECURITIES ASSOCIATION,BEFORE THE UNITED STATES HOUSE OFREPRESENTATIVES COMMITTEE ONFINANCIAL SERVICES SUBCOMMITTEE ONCAPITAL MARKETS, INSURANCE, ANDGOVERNMENT SPONSORED ENTERPRISES,HEARING ON "MARK-TO-MARKETACCOUNTING: PRACTICES ANDIMPLICATIONS",MARCH 12, 2009 -- BACKGROUND -- THE PROBLEM:MARKET DISRUPTIONS AND FVA -- POSSIBLE SOLUTIONS.. - ATTACHMENT 5, NEWS RELEASE, "FASB ISSUES FIRSTOF TWO PROPOSED STAFF POSITIONS TO IMPROVE THEFINANCIAL REPORTING FOR FINANCIAL INSTRUMENTS" -- FASB Issues First of Two Proposed Staff Positions to Improve theFinancial Reporting for Financial Instruments -- About the Financial Accounting Standards Board -- TESTIMONY OF ROBERT H. HERZ,CHAIRMAN, FINANCIAL ACCOUNTINGSTANDARDS BOARD, BEFORE THE U.S. HOUSEOF REPRESENTATIVES FINANCIAL SERVICESSUBCOMMITTEE, ON CAPITAL MARKETS,INSURANCE, AND GOVERNMENT SPONSOREDENTITIES,MARCH 12, 2009 -- ATTACHMENT 6, NEWS RELEASE, "IASB AND FASBANNOUNCE MEMBERSHIP OF FINANCIAL CRISIS,ADVISORY GROUP" -- IASB and FASB Announce Membership ofFinancial Crisis Advisory Group -- Notes for editors About the IASB -- About the Financial Accounting Standards Board -- Overview of the Financial Crisis Advisory Group -- Areas within the Advisory Group's purview -- Advisory Group Structure and Meetings -- Conduct of Its Activities -- TESTIMONY OF ROBERT H. HERZ,CHAIRMAN, FINANCIAL ACCOUNTINGSTANDARDS BOARD, BEFORE THE U.S. HOUSEOF REPRESENTATIVES FINANCIAL SERVICESSUBCOMMITTEE, ON CAPITAL MARKETS,INSURANCE, AND GOVERNMENT SPONSOREDENTITIES,MARCH 12, 2009 -- ATTACHMENT 7, NEWS RELEASE, "FASB INITIATESPROJECTS TO IMPROVE MEASUREMENT ANDDISCLOSURE OF FAIR VALUE ESTIMATES" -- FASB Initiates Projects to Improve Measurement andDisclosure of Fair Value Estimates -- ABOUT THE FINANCIAL ACCOUNTINGSTANDARDS BOARD -- TESTIMONY OF WILLIAM M. ISAAC,CHAIRMAN, THE SECURA GROUP OF LECG,FORMER CHAIRMAN, FEDERAL DEPOSITINSURANCE CORPORATION, BEFORE THESUBCOMMITTEE ON CAPITAL MARKETS,INSURANCE, AND GOVERNMENT SPONSOREDENTERPRISES, U.S. HOUSEOF REPRESENTATIVES COMMITTEE ONFINANCIAL SERVICES,WASHINGTON,DC,MARCH 12, 2009 -- MARK TO MARKET ACCOUNTING EXPECTED LOSSES VS.MARK TO MARKET WRITE-DOWNS -- MBS Description -- Losses based on MTM -- A. BACKGROUND.. - B. TODAY'S PROBLEMS -- C. ALTERNATIVES -- D.WHO MAKES THE RULES? -- OPENING STATEMENT OF CONGRESSMANPAUL E. KANJORSKI, SUBCOMMITTEE ONCAPITAL MARKETS, INSURANCE, ANDGOVERNMENT SPONSORED ENTERPRISES,HEARING ON MARK-TO-MARKETACCOUNTING: PRACTICES ANDIMPLICATIONS,MARCH 12, 2009 -- TESTIMONY OF KEVIN J. BAILEY, DEPUTYCOMPTROLLER, OFFICE OF THECOMPTROLLER OF THE CURRENCY, BEFORETHE SUBCOMMITTEE ON CAPITAL MARKETS,INSURANCE AND GOVERNMENT SPONSOREDENTERPRISES OF THE COMMITTEE ONFINANCIAL SERVICES OF THE UNITED STATESHOUSE OF REPRESENTATIVES,MARCH 12, 2009 -- I. INTRODUCTION -- II. BACKGROUND ON FAIR VALUE ACCOUNTING -- Valuation of Financial Instruments -- Definition of Fair Value -- Impairment -- III. BACKGROUND ON CAPITAL -- IV. INTERPLAY BETWEEN FAIRVALUE ACCOUNTING AND CAPITAL -- V. CHALLENGES FACED BY BANK AND SUPERVISORS -- OTTI -- Valuation -- VI. CONCLUSION -- REFERENCES -- TESTIMONY OF JAMES KROEKER,ACTINGCHIEF ACCOUNTANT, U.S. SECURITIES ANDCOMMISSION, CONCERNING MARK-TOMARKETACCOUNTING: PRACTICES ANDIMPLICATIONS, BEFORE THE SUBCOMMITTEEON CAPITAL MARKETS, INSURANCE, ANDGOVERNMENT SPONSORED ENTERPRISES,COMMITTEE ON FINANCIAL SERVICES,U.S. HOUSE OF REPRESENTATIVES,MARCH 12, 2009 -- THE FOCUS OF FINANCIAL REPORTING -- THE HISTORY OF FAIR VALUE ACCOUNTING -- EFFORTS TO IMPROVE FAIR VALUE ACCOUNTING -- CONGRESSIONAL MARK-TO-MARKET STUDY -- CONCLUSION -- REFERENCES -- TESTIMONY OF JEFFREY P.MAHONEY,GENERAL COUNSEL, COUNCIL OFINSTITUTIONAL INVESTORS, BEFORE THESUBCOMMITTEE ON CAPITAL MARKETS,INSURANCE AND GOVERNMENT SPONSOREDENTERPRISES OF THE COMMITTEE ONFINANCIAL SERVICES,MARCH 12, 2009 -- PREPARED STATEMENT -- FULL TEXT OF STATEMENT -- The Council[2] -- Council Corporate Governance Policies[5] -- How Fair Value Accounting AffectsInvestors and the Overall Economy.. - Potential Proposals for Regulators and StandardSetters Relating to Fair Value Accounting.. - TESTIMONY OF CYNTHIA FORNELLI ,EXECUTIVE DIRECTOR, CENTER FOR AUDITQUALITY , BEFORE THE UNITED STATESHOUSE OF REPRESENTATIVES COMMITTEE ONFINANCIAL SERVICES , SUBCOMMITTEE ONCAPITAL MARKETS, INSURANCE ANDGOVERNMENT SPONSORED ENTERPRISES ,THURSDAY,MARCH 12, 2009 ,FULL TEXT OF TESTIMONY -- INTRODUCTION -- THE VALUE OF FAIR VALUE -- ADDRESSING CAPITAL ADEQUACY CONCERNS -- PROPOSALS FOR IMPROVING FAIR VALUEAND ADDRESSING THE FINANCIAL CRISIS -- THE IMPORTANCE OF INDEPENDENT STANDARD SETTING -- THE IMPORTANCE OF INDEPENDENT STANDARD SETTING -- REFERENCES -- TESTIMONY OF ROBERT H. HERZ,CHAIRMAN, FINANCIAL ACCOUNTINGSTANDARDS BOARD, BEFORE THE U.S. HOUSEOF REPRESENTATIVES FINANCIAL SERVICESSUBCOMMITTEE, ON CAPITAL MARKETS,INSURANCE, AND GOVERNMENT SPONSOREDENTITIES,MARCH 12, 2009,FULL TEXT OF TESTIMONY -- INTRODUCTION -- THE FASB -- WHAT PROCESS DOES THE FASB FOLLOW INDEVELOPING ACCOUNTING STANDARDS? -- THE ROLE OF ACCOUNTING STANDARD SETTERS ANDTHE ROLE OF PRUDENTIAL REGULATORS -- WHAT IS FAIR VALUE MEASUREMENTAND ITS ROLE IN ACCOUNTING? -- SOME OBSERVATIONS ON RECENT CALLS TO SUSPENDAPPLICATION OF FAIR VALUE ACCOUNTING -- IMPACT OF FAIR VALUE ACCOUNTINGON FINANCIAL INSTITUTIONS -- FASB STATEMENT NO. 157,FAIR VALUE MEASUREMENTS -- FASB IMPLEMENTATION ACTIVITIESRELATING TO FAIR VALUE MEASUREMENTS -- INTERNATIONAL FINANCIAL REPORTING STANDARDS -- CONCLUSION -- REFERENCES -- TESTIMONY OF ROBERT H. HERZ,CHAIRMAN, FINANCIAL ACCOUNTINGSTANDARDS BOARD, BEFORE THE U.S. HOUSEOF REPRESENTATIVES FINANCIAL SERVICESSUBCOMMITTEE, ON CAPITAL MARKETS,INSURANCE, AND GOVERNMENT SPONSOREDENTITIES,MARCH 12, 2009 -- ATTACHMENT 1, SUMMARY AND INTRODUCTION OFFASB STATEMENT OF FINANCIAL ACCOUNTINGSTANDARDS, NO. 115, ACCOUNTING FOR CERTAININVESTMENTS IN DEBT AND EQUITY SECURITIES -- Summary -- Introduction.. - TESTIMONY OF ROBERT H. HERZ,CHAIRMAN, FINANCIAL ACCOUNTINGSTANDARDS BOARD, BEFORE THE U.S. HOUSEOF REPRESENTATIVES FINANCIAL SERVICESSUBCOMMITTEE, ON CAPITAL MARKETS,INSURANCE, AND GOVERNMENT SPONSOREDENTITIES,MARCH 12, 2009 -- ATTACHMENT 2, SUMMARY OF FASB STATEMENT OFFINANCIAL ACCOUNTING STANDARDS NO. 157,FAIR, VALUE MEASUREMENTS -- REASON FOR ISSUING THIS STATEMENT -- DIFFERENCES BETWEEN THIS STATEMENTAND CURRENT PRACTICE -- HOW THE CONCLUSIONS IN THIS STATEMENT RELATE TOTHE FASB'S CONCEPTUAL FRAMEWORK -- HOW THE CHANGES IN THIS STATEMENTIMPROVE FINANCIAL REPORTING -- COSTS AND BENEFITS OF APPLYING THIS STATEMENT -- THE EFFECTIVE DATE OF THIS STATEMENT -- TESTIMONY OF ROBERT H. HERZ,CHAIRMAN, FINANCIAL ACCOUNTINGSTANDARDS BOARD, BEFORE THE U.S. HOUSEOF REPRESENTATIVES FINANCIAL SERVICESSUBCOMMITTEE, ON CAPITAL MARKETS,INSURANCE, AND GOVERNMENT SPONSOREDENTITIES,MARCH 12, 2009, -- ATTACHMENT 3, NEWS RELEASE, "SEC OFFICE OF THECHIEF ACCOUNTANT AND FASB STAFF CLARIFICATIONSON FAIR, VALUE ACCOUNTING" -- TESTIMONY OF ROBERT H. HERZ,CHAIRMAN, FINANCIAL ACCOUNTINGSTANDARDS BOARD, BEFORE THE, U.S. HOUSEOF REPRESENTATIVES FINANCIAL SERVICESSUBCOMMITTEE, ON CAPITAL MARKETS,INSURANCE, AND GOVERNMENT SPONSOREDENTITIES,MARCH 12, 2009 -- ATTACHMENT 4, FASB STAFF POSITION NO. FAS 157-3,DETERMINING THE FAIR VALUE OF A FINANCIAL ASSETWHEN THE MARKET FOR THAT ASSET IS NOT ACTIVE -- Fasb Staff Position -- OBJECTIVE -- BACKGROUND -- FASB Staff Position -- Amendment to Add an Illustrative Example to Statement 157 -- Effective Date and Transition -- TESTIMONY OF ROBERT H. HERZ,CHAIRMAN, FINANCIAL ACCOUNTINGSTANDARDS BOARD, BEFORE THE U.S. HOUSEOF REPRESENTATIVES FINANCIAL SERVICESSUBCOMMITTEE, ON CAPITAL MARKETS,INSURANCE, AND GOVERNMENT SPONSOREDENTITIES,MARCH 12, 2009.
|
| Emner | |
| Sjanger | |
| Dewey | |
| ISBN | 9781614702153
|
| ISBN(galt) |
