Bank Accounting & Finance articles from March 2000

Bank Accounting & Finance archives from March 2000

Performance Measurement: Prelude to Effective Action.(Brief Article)
March 22, 2000... It turns out this theme issue on performance measurement isn't about performance measurement after all. It's about strategy. In each of the five articles in this special section, you'll see an overarching emphasis on the big picture: Ask not...

Seven Challenges to Implementing Shareholder Value Management.
March 22, 2000... Managers outside the financial services industry have come to accept shareholder value management concepts such as shareholder value added (SVA), economic value added (EVA) [*], and market value added (MVA) as the most holistic performance...

The Balanced Scorecard for Community Banks: Translating Strategy into Action.
March 22, 2000... Today's community banks face tremendous challenges from many different directions. They have seen their highly valued and profitable product, the residential mortgage loan, transformed into a commodity by mortgage banking operations, much the...

Performance Measurement: Time for an Overhaul?
March 22, 2000... By now most financial services organizations have implemented performance-measurement systems that include both financial and nonfinancial measures and are routinely measuring business units against established performance targets. The main...

Customer Relationship Management: An Outgrowth of the Changes in Consumer Financial Services.
March 22, 2000... The last 20 years have seen numerous changes in the world of consumer financial services, especially for traditional depository institutions, or banks. Most of these changes have opened up traditional consumer banking markets to increased...

Do You Have Derivatives Lurking in Your Hybrids?
March 22, 2000... One of the more vexing aspects of Statement of Financial Accounting Standards (SFAS ) No. 133, "Accounting for Derivatives and Hedging Activities," is the accounting for embedded derivatives. SFAS No. 133 considers derivatives to be financial...

Measuring Financial Risk in the 21st Century.
March 22, 2000... The Russian-inspired correction has brought a brutal reminder to financial institutions that global finance is all about risk taking, and risk management remains not a science but an art. Over the past decade or so, the markets have seen one...

SEC Staff Addresses Current Accounting and Reporting Issues.
March 22, 2000... Representatives of the Securities and Exchange Commission (SEC) staff addressed current accounting and reporting issues at the American Institute of Certified Public Accountants (AICPA) National Conference on Current SEC Developments (December...

Setting Credit Limits for Trading.
March 22, 2000... Currently, credit risk for trading is almost universally controlled through limits against measures of exposure. This is similar to a command economy, which sets quotas. An outcome in command economies is low-quality products that fail to meet...

Final Regulations on Purchased Mortgage Servicing.
March 22, 2000... The mortgage banking industry has had a long history of trying to shorten the depreciation lives of mortgage-servicing rights to an economic life rather than a statutory life. With the passage of Section 197 and Section 167(f)(3) in 1993 it...

SEC Issues New Guidance on Restructuring and Impairment Charges.
March 22, 2000... In November 1999, the staff of the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin (SAB) No. 100, "Restructuring and Impairment Charges," to provide guidance on the accounting for and disclosure of certain expenses and...

SEC Adopts New Audit Committee Disclosures.
March 22, 2000... On December 30, 1999, the Securities and Exchange Commission (SEC) adopted new rules and amendments designed to improve disclosures related to the functioning of registrants' audit committees and to enhance the reliability and credibility of...