Bank Accounting & Finance articles from June 2002

Bank Accounting & Finance archives from June 2002

Implementing accounting for goodwill.(Brief Article)
June 1, 2002... New accounting rules for business combinations and goodwill and other intangibles, effective for 2002 financial statements, are being implemented in the first quarter. Companies are completing the initial fair-value tests of goodwill this...

Goodwill impairment testing and disclosures under SFAS No. 142.
June 1, 2002... Two new Statements of Financial Accounting Standards (SFAS) from the Financial Accounting Standards Board (FASB) require the use of the purchase method of accounting for mergers and acquisitions and eliminate the amortization of purchased...

Financial statement effects of goodwill amortization.(Brief Article)
June 1, 2002... The profits of Kroger, a leading grocery store chain, will increase from $90 million to $100 million for fiscal 2002. This increase in profit is due to a change in accounting rules that eliminates the amortization of goodwill. As of November...

Best practice for liquidity pricing requires dual methodologies.(Brief Article)
June 1, 2002... Liquidity pricing is receiving more attention now than ever before. And for good reason. Consider just two examples now being addressed by astute bank managers: off-balance-sheet commitments where fees paid by customers do not adequately...

Using decision analysis to improve strategy design.(Statistical Data Included)(Brief Article)
June 1, 2002... In the last two decades, the field of decision analysis has had a fast-increasing impact in the way organizations, private and public, are making strategic and tactical decisions. Major advances in theory, modeling tools, and computational...

SEC guidance on MD&A disclosures addresses liquidity and capital resources, certain trading activities, and related-party transactions. (SEC Update).(Securities and Exchange Commission, Management's Discussion and Analysis)(Brief Article)
June 1, 2002... Recently, the Securities and Exchange Commission (SEC) issued a statement regarding Management's Discussion and Analysis (MD&A) of Financial Condition and Results of Operations to set forth its views regarding certain disclosures that should be...

Disaster recovery and business resumption planning. (Regulatory Developments).(Statistical Data Included)
June 1, 2002... On the morning of September 11, 2002, while the tragic events of the day were still unfolding, financial services executives whose primary bases of operations were in or near the World Trade Center (WTC) complex were quickly moving to put their...

Managing interest-rate risk with limited resources. (Community Banking).(Brief Article)
June 1, 2002... Community banks constantly make decisions involving the trade-off between risk and return. One of the most important risks faced is interest-rate risk. It is critical that all banks, including community banks, identify measure, and manage...