CCH Accounting for Financial Assets and Liabilities offers comprehensive guidance on accounting for transactions dealing with financial assets, such as receivables, loans, and securities. The publication covers a broad range of transactions, including: collateralized borrowings; sales and securitizations; servicing of financial assets; securities lending transactions; loan syndications and participations; and debt extinguishments and refinancing. Accounting for sales, transfers, and servicing of financial assets and extinguishments of liabilities can be extremely complex. CCH Accounting for Financial Assets and Liabilities focuses on FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, and other guidance that has been issued on these matters and will assist professionals with the difficult issues that continually arise in planning for, implementing, and reviewing the accounting for such transactions. It selectively combines information from the official text of the FASB, along with information drawn from the rules and releases of the SEC, consensuses of the FASB’s Emerging Issues Task Force, and lessons learned from leading accounting practioners.
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John E. Stewart, CPA, is a co-founder and Managing Director of Financial Reporting Advisors, LLC (FRA). Based in Chicago, Illinois, FRA provides consulting services related to accounting and SEC reporting, and litigation support services. Prior to his association with FRA, John was a partner with the firm of Arthur Andersen LLP. He was the Director of U.S. Accounting Principles in the firm's Professional Standards Group. In this role, John consulted with clients and engagement teams on financial reporting matters; authored interpretive guidance on numerous accounting topics; and represented the firm before the FASB, SEC, AICPA, and IASB. John was a member of the FASB's Emerging Issues Task Force for more than 10 years. He also chaired or was a member of various EITF working groups on topics, such as consolidations, derivatives, financial instruments, foreign currency, hedging, leases, and leveraged buyouts. John served as a member of FASB Implementation Groups on accounting for pensions (Statement Nos. 87 and 88) and income taxes (Statement Nos. 96 and 109). More recently, he was a member of the FASB's Financial Instruments Task Force, the Derivatives Implementation Group, and the AICPA's Financial Instruments Task Force. He is a member of the Institute of Management Accountants' Financial Reporting Committee and the Advisory Council Executive Committee of the SEC and Financial Reporting Institute at the University of Southern California. John received an MBA from Indiana University's Graduate School of Business and an undergraduate degree from DePauw University. He is a licensed CPA in Illinois. John is a member of the American Institute of Certified Public Accountants, the Illinois CPA Society, the American Accounting Association, and the Institute of Management Accountants. James F. Green, CPA, helps people understand complex accounting principles through his writing and by onsite training. Previously, as a partner in Arthur Andersen LLP's Professional Standards Group, he developed and communicated Andersen's technical accounting positions on derivatives, hedging activities, financial instruments, securitizations, and foreign currency translation--authoring firm guidance and comment letters, participating in the U.S. and international standards-setting process, and consulting with internal and external clients. Before joining Andersen, Jim managed and was a primary author on financial services issues for the American Institute of Certified Public Accountants, working with the U.S. Congress, federal regulatory agencies, private-sector standards setters, and CPAs in industry and public practice on relevant issues and proposals. Jim received a BBA in accounting from the College of William and Mary in Virginia. He joined the AICPA after six years! of experience serving large publicly held financial services clients at KPMG. Accounting Research Manager (ARM) Group has a staff of content, publishing, and technology experts dedicated to updating and maintaining ARM. The content experts include three individuals who have more than 75 years of aggregate experience as CPAs and financial reporting professionals. These individuals were previously part of Arthur Andersen's national office, the Professional Standards Group (PSG). The PSG was responsible for maintaining and updating ARM prior to the acquisition of ARM by Aspen Publishers and CCH Tax and Accounting Group. These content experts include: Ronald Pippin, Managing Director, Accounting Content; Teresa Dimattia, Managing Director, Accounting Content; and Liza Prossnitz, Managing Director, SEC Content.
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Book Description CCH Inc., Chicago, for the Accounting Research Manager Group., 2006. Paperback. Book Condition: New. 8vo, paperback. NEW. Bright, crisp & clean, unread; covers glossy. 758 p. Interpretations of FASB Statement No. 140, Accounting for transfers and servicing of financial assets and extinguishments of liabilities -- a Replacement of FASB Statement No. 125. Bookseller Inventory # 1060329.16