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 14.
2. lappuse
... applying FAS 133 with dramatically dif- ferent results . Moreover , my colleagues , if two transactions such as two different hedging techniques bring about the same economic outcome , GAAP treatment of the two transactions should be ...
... applying FAS 133 with dramatically dif- ferent results . Moreover , my colleagues , if two transactions such as two different hedging techniques bring about the same economic outcome , GAAP treatment of the two transactions should be ...
3. lappuse
... application are an example of the need to have a more principle - based accounting sys- tem , free from special exceptions and undue complexity that , really , I don't think , serve investors well . So , I look very much to the ...
... application are an example of the need to have a more principle - based accounting sys- tem , free from special exceptions and undue complexity that , really , I don't think , serve investors well . So , I look very much to the ...
5. lappuse
... application of FAS 133 by treating certain derivatives as hedges when they should have been marked - to - market and reported in earnings . And while Fannie Mae's application of the special hedging rules is GAAP compliant , use of FAS ...
... application of FAS 133 by treating certain derivatives as hedges when they should have been marked - to - market and reported in earnings . And while Fannie Mae's application of the special hedging rules is GAAP compliant , use of FAS ...
7. lappuse
... applying generally accepted accounting principles and that ac- counting policies were implemented to smooth earnings . If we are here to draw policy conclusions from the accounting mistakes made at Freddie Mac , we should reserve ...
... applying generally accepted accounting principles and that ac- counting policies were implemented to smooth earnings . If we are here to draw policy conclusions from the accounting mistakes made at Freddie Mac , we should reserve ...
10. lappuse
... applying the applicable standards to each component of the strategy , hedge accounting allows the en- tity to recognize the ... apply special hedge accounting is re- quired to identify and document at the inception of the hedge ( 1 ) the ...
... applying the applicable standards to each component of the strategy , hedge accounting allows the en- tity to recognize the ... apply special hedge accounting is re- quired to identify and document at the inception of the hedge ( 1 ) the ...
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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...