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 |
No grāmatas satura
1.–5. rezultāts no 16.
1. lappuse
... restatement process is ongoing and not yet com- plete , and that Freddie Mac's restatement is subject to a number of investigations , including one by the SEC . I also welcome all the other witnesses , too . The immediate trigger for ...
... restatement process is ongoing and not yet com- plete , and that Freddie Mac's restatement is subject to a number of investigations , including one by the SEC . I also welcome all the other witnesses , too . The immediate trigger for ...
6. lappuse
... restatement . At the outset , Mr. Chairman , I want to say that it's very important we exercise oversight of our ... restatement - and that is the role FAS133 played in that restatement . I hope that we maintain that focus and sidestep ...
... restatement . At the outset , Mr. Chairman , I want to say that it's very important we exercise oversight of our ... restatement - and that is the role FAS133 played in that restatement . I hope that we maintain that focus and sidestep ...
7. lappuse
... restatement or to review any board or accounting documents , nor have we re- ceived the Doty report yet . I look forward to these steps being completed so that we can make educated decisions on these matters and on what , if anything ...
... restatement or to review any board or accounting documents , nor have we re- ceived the Doty report yet . I look forward to these steps being completed so that we can make educated decisions on these matters and on what , if anything ...
8. lappuse
... restatement so that it too can fulfill its commitment to become an SEC- registered company . This will not be a panacea , however . The GAO reported in its October 2002 report , Financial Statement Restatements , that the number of ...
... restatement so that it too can fulfill its commitment to become an SEC- registered company . This will not be a panacea , however . The GAO reported in its October 2002 report , Financial Statement Restatements , that the number of ...
16. lappuse
... restatement is underway and the reasons giving rise to the restatement are the subject of Federal investigations . I am sure you can understand why I cannot comment further at this time on the restatement . I also want to mention that ...
... restatement is underway and the reasons giving rise to the restatement are the subject of Federal investigations . I am sure you can understand why I cannot comment further at this time on the restatement . I also want to mention that ...
Citi izdevumi - Skatīt visu
Bieži izmantoti vārdi un frāzes
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...