FASB derivative accounting standards: hearing before the Subcommittee on Commerce, Trade, and Consumer Protection of the Committee on Energy and Commerce, House of Representatives, One Hundred Eighth Congress, first session, July 22, 2003U.S. Government Printing Office, 2003 - 62 lappuses |
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1.–5. rezultāts no 28.
1. lappuse
... thank Mr. Baumann , Freddie Mac's Chief Financial Officer , for testifying this afternoon . I fully appreciate the fact that Mr. Baumann is limited in his ability to be responsive to all questions as Freddie Mac's restatement process is ...
... thank Mr. Baumann , Freddie Mac's Chief Financial Officer , for testifying this afternoon . I fully appreciate the fact that Mr. Baumann is limited in his ability to be responsive to all questions as Freddie Mac's restatement process is ...
3. lappuse
... thank Chairman Stearns for con- vening this important hearing today on FASB derivative account- ing standards . Our subcommittee has an important responsibility to ensure that FASB's accounting rules provide clear and accurate ...
... thank Chairman Stearns for con- vening this important hearing today on FASB derivative account- ing standards . Our subcommittee has an important responsibility to ensure that FASB's accounting rules provide clear and accurate ...
4. lappuse
... Thank you . Mr. STEARNS . Thank the gentlelady . The gentleman from Florida , Mr. Davis . Mr. DAVIS . No statement , Mr. Chairman . Mr. STEARNS . Then I think what we will do is we will go down and vote and recess the subcommittee , and ...
... Thank you . Mr. STEARNS . Thank the gentlelady . The gentleman from Florida , Mr. Davis . Mr. DAVIS . No statement , Mr. Chairman . Mr. STEARNS . Then I think what we will do is we will go down and vote and recess the subcommittee , and ...
5. lappuse
... thank the distinguished panelists for coming before the sub- committee . Your insight today will serve to advance the discussion of accounting standards so the most appropriate and effective legislative solution may be reached . We are ...
... thank the distinguished panelists for coming before the sub- committee . Your insight today will serve to advance the discussion of accounting standards so the most appropriate and effective legislative solution may be reached . We are ...
6. lappuse
... thank you very much for holding this important hearing so that we may hear testimony from today's witnesses on the state of FAS 133 and the role its complexity may have played in the recent Freddie Mac restatement . At the outset , Mr ...
... thank you very much for holding this important hearing so that we may hear testimony from today's witnesses on the state of FAS 133 and the role its complexity may have played in the recent Freddie Mac restatement . At the outset , Mr ...
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accounting for derivatives accounting rules assets Baker Botts basis points BAUMANN billion cash-flow cash-flow hedge changes companies Congress debt derivative accounting standards derivative contracts derivative instruments derivatives and hedging disclosure earnings economic effect Enron enterprises fair value fair value balance fair value measures Fannie and Freddie Fannie Mae Fannie's FASB FASB's Federal Financial Accounting Standards financial instruments financial reporting financial statements Fixed-rate Freddie Mac Freddie's GAAP GAAP financial gain or loss gains and losses hearing hedged item hedging activities homebuyers homeowners income statement interest rate risk interest rate swap interest-rate June June 25 liabilities LINSMEIER Mac and Fannie Mae and Freddie Mae's mark to market ments mortgage market OFHEO oversight percent portfolio press release principles-based regulator requirements restatement Sarbanes-Oxley Act SCHAKOWSKY SEIDMAN shareholders special hedge accounting special hedging rules Statement 133 STUPAK subcommittee swap testimony Thank tives transaction transparent volatility WALLISON
Populāri fragmenti
12. lappuse - By virtue of today's Commission determination, the FASB will continue its role as the preeminent accounting standard setter in the private sector. In performing this role, the FASB must use independent judgment in setting standards and should not be constrained in its exploration and discussion of issues.
1. lappuse - HOUSE OF REPRESENTATIVES, COMMITTEE ON ENERGY AND COMMERCE, SUBCOMMITTEE ON COMMERCE, TRADE, AND CONSUMER PROTECTION, Washington, DC. The subcommittee met, pursuant to notice, at 10 am, in room 2322 Rayburn House Office Building, Hon.
14. lappuse - If certain conditions are met, a derivative may be specifically designated as (a) a hedge of the exposure to changes in the fair value of a recognized asset or liability or an unrecognized firm commitment...
11. lappuse - The FASB's authority with respect to public enterprises comes from the US Securities and Exchange Commission ("SEC"). The SEC has the statutory authority to establish financial accounting and reporting standards for publicly held enterprises. For 30 years, the SEC has looked to the FASB for leadership in establishing and improving those standards. The SEC recently issued a Policy Statement reaffirming this longstanding relationship.' The Policy Statement, consistent with the language and intent of...
5. lappuse - PREPARED STATEMENT OF HON. HILDA L. Sous, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF CALIFORNIA Mr. Chairman...
9. lappuse - I have brief prepared remarks, and I would respectfully request that the full text of my testimony and all supporting materials be entered into the public record.
14. lappuse - ... portion of the derivative's gain or loss is initially reported as a component of other comprehensive income (outside earnings) and subsequently reclassified into earnings when the forecasted transaction affects earnings. The ineffective portion of the gain or loss is reported...
7. lappuse - I yield back the balance of my time. PREPARED STATEMENT OF HON. JOHN SULLIVAN, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF OKLAHOMA Thank you Mr.
14. lappuse - For a derivative designated as a hedge of the exposure to changes in the fair value of a recognized asset or liability or a firm commitment (referred to as a fair value hedge), the gain or loss is recognized in earnings in the period of change together with the offsetting loss or gain on the hedged item.
9. lappuse - FASB Statement of Financial Accounting Standards No. 133, Accounting for Derivative Instruments and Hedging Activities...