Is there an accounting issue with ‘double counting’ for guarantees under ASC 460 and ASC 326? This post discusses guarantee accounting.
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The post walks you through the accounting for repurchase agreements under U.S. GAAP (ASC 860) using a worked example.
Need cash? Have excess? Repurchase agreements may be the solution in both scenarios. This post discusses repos with an explanatory video.
ASC 326 is not prescriptive with a methodology to estimate current expected credit losses. Let’s take a look at some of the common methodologies.
Looking for U.S. GAAP training for banks? Don’t settle for generic U.S. GAAP training. Online bank CPE courses and bank training program now available!
ASC 815 permits three hedge types that qualify for special hedge accounting treatment. In this post we will look at fair value and cash flow hedges.
Do banks invest in cookies? Nope! This post covers the accounting for other real estate owned, or OREO, under U.S. GAAP.
How do you estimate current expected credit losses under ASC 326? This post discusses reversion to historical data under CECL.
Scared of embedded derivatives? Using a “real-life” example, this post walks through the accounting for embedded derivatives under ASC 815.
The new CECL model requires an entity to record lifetime expected credit losses for financial instruments, but can that expectation ever be zero?
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