Encouraging Small Business Lending And Investment Hearing Before the Committee
Encouraging Small Business Lending And Investment Hearing Before the Committee
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In our eReader you can find the full English version of the book. Read Encouraging Small Business Lending And Investment Hearing Before the Committee Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Encouraging Small Business Lending And Investment Hearing Before the Committee
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Under generally accepted accounting principles (GAAP) — or more specifically fi- nancial accounting standard (FAS) 77 — which the bill as introduced proposed to uti- 48 lize, a bank may remove from its balance sheet an asset sold with recourse even if it has retained the risk of ownership. This accounting standard treats the transfer of assets with recourse as a sale if the seller relinquishes the benefits of owning the asset, is reasonably able to estimate the expected losses to which it is st...ill exposed under the recourse provision, and establishes a specific liability reserve equal to the amount of these expected losses. This treatment generates a strong incentive for banks to underestimate losses, and this weakness has caused some accounting pro- fessionals to criticize FAS 77. However, even if accurate loss estimates were used, this approach would still be of concern from a supervisory perspective because it does not take into account the possibility that actual losses may turn out to be sub- stantially greater than expected losses.
What to read after Encouraging Small Business Lending And Investment Hearing Before the Committee?
You can find similar books in the "Read Also" column, or choose other free books by Housing United States Congress Senate Committee On Bank to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Under generally accepted accounting principles (GAAP) — or more specifically fi- nancial accounting standard (FAS) 77 — which the bill as introduced proposed to uti- 48 lize, a bank may remove from its balance sheet an asset sold with recourse even if it has retained the risk of ownership. This accounting standard treats the transfer of assets with recourse as a sale if the seller relinquishes the benefits of owning the asset, is reasonably able to estimate the expected losses to which it is st...ill exposed under the recourse provision, and establishes a specific liability reserve equal to the amount of these expected losses. This treatment generates a strong incentive for banks to underestimate losses, and this weakness has caused some accounting pro- fessionals to criticize FAS 77. However, even if accurate loss estimates were used, this approach would still be of concern from a supervisory perspective because it does not take into account the possibility that actual losses may turn out to be sub- stantially greater than expected losses.
What to read after Encouraging Small Business Lending And Investment Hearing Before the Committee?
You can find similar books in the "Read Also" column, or choose other free books by Housing United States Congress Senate Committee On Bank to read onlineMoreLess
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