Lenders may be required to disclose more information about loan loss reserves
A proposal being considered by the American Institute of Certified Public Accountants (AlCPA) could require lenders to publicly disclose more detailed information about how they account for loan loss reserves.
In November 2005, the AlCPA's Accounting Standards Executive Committee gave preliminary
The Accounting Standards Executive Committee was expected to give final approval to the proposal by the end of 2005. The measure would then require approval by the Financial Standards Accounting Board. Once FASB approves the proposal, it could become effective by December, 2006.
The complete proposal can be found at mw.aicpa.org.
IMAGE ILLUSTRATION 1In addition, make sure to read these articles:
- FASB Launches Verification Phase for the FASBAccounting Standards Codification(TM).
- Guidelines for responding to proposed accounting andauditing standards: the GFOA Executive...
- What Are Generally Accepted Accounting Principles?
- YES Clothing Co. makes announcement.
- FASB Proposal Would Amend Accounting for Certain Costs and Activities Related to Property,...
- Purchased loans to be accounted for differently than originated loans
- FAS 116 and 117: the implementation process.
- FASB Issues Accounting Standard to Improve the Accounting and Reporting of Real Estate...
- Lombardi Media Corporation - CompanyUpdate.
- New math for ESOPs.
- Sony Net Drops 55% In Quarter
- SOP 98-5 brings uniformity to reporting start-up costs.
- Playing the numbers game by a fair set of rules.
- Quest Software Adds H. John Dirks to Board of Directors.
- Inprimis Names Arthur R. WyattChairman.
NORWALK, Conn. -- The Financial Accounting Standards Board (FASB) today officially launched the one-year verification phase of the FASB Accounting Standards Codification(TM) (Codification). During the ......
The Government Finance Officers Association (GFOA) routinely responds to proposed new guidance from the Governmental Accounting Standards Board (GASB), such as exposure drafts, preliminary views ......
Accountants may tailor their financial reporting to the particular needs of a company, but they often also follow GAAP. Learn more about the importance and ......
LOS ANGELES--(BUSINESS WIRE)--Feb. 21, 1995--YES Clothing Co. (NASDAQ:YSCO) announced the elections of Irving B. Kroll and Daniel Goodstein to the company's board of directors. Kroll ......
Business Editors NORWALK, Conn.--(BUSINESS WIRE)--July 10, 2001 The Financial Accounting Standards Board (FASB) today proposed to amend Statement No. 67, Accounting for Costs and Initial ......
Purchased loans are in line for different accounting treatment from originated loans for fiscal years beginning after Dec. 15. The Financial Accounting Standards Board recently ......
The Financial Accounting Standards Board finalized and issued two new statements in June 1993: "Financial Statements of Not-for-Profit Organizations" (FAS 117) and "Accounting for Contributions ......
NORWALK, Conn. -- The Financial Accounting Standards Board (FASB) has issued Statement No. 152, Accounting for Real Estate Time-Sharing Transactions. Statement 152 amends FASB Statements ......
TORONTO--(BUSINESS WIRE)--June 11, 1998--Lombardi Media Corpo(Alberta Stock Exchange:LC.) Lombardi Media Corporation (the "Corporation") announces that it has requested and accepted the resignation of its former ......
Under the new ESOP rules, your employees are in for some changes in their earnings, so get set for a crash course in fair-value accounting....
A powerful Japanese yen and weak contributions from music operations and Sony Pictures Entertainment saw Sony Corp.'s profits slide 55% during the fiscal first quarter, ......
AICPA guidance on the treatment of start-up costs places priority on consistency rather than matching revenues and expenses. In April 1998, the American Institute of ......
Banking has always been an accountant's game. But some academics and accountants now read that as "fair game. That's one way to explain a growing ......
ALISO VIEJO, Calif. -- Quest Software, Inc. (Nasdaq:QSFT) today announced the election of H. John Dirks, CPA, as a new, independent member of its ......
Business Editors/High-Tech Writers BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 21, 2000 Inprimis Inc. (Nasdaq:INPM) today announced it has named Arthur R. Wyatt chairman of its board of ......
Email
Digg It
del.icio.us
Related Resources
Press Releases
Business Resources
Sponsored Links
Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy
Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.
© Copyright Commercial Finance Association Jan/Feb 2006
Provided by ProQuest, LLC. All rights Reserved.
You may not repost, republish, reproduce, package and/or redistribute the content of this page,
in whole or in part, without the written permission of the copyright holder.
Provided by ProQuest, LLC. All rights Reserved.
You may not repost, republish, reproduce, package and/or redistribute the content of this page,
in whole or in part, without the written permission of the copyright holder.
Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.
AllBusiness.com, its parent company D&B, and its affiliates.
