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Exposure Drafts, Comment Letters, and Statements of Position
Bank investments -- United States -- Accounting; Banks and banking -- United States -- Finance -- Accounting
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Reporting By Banks Of Investment Securities Gains Or Losses : December 31, 1983 : Amendment To Aicpa Industry Audit Guide Audits Of Banks; Statement Of Position 83-1;, American Institute Of Certified Public Accountants. Accounting Standards Division
Reporting By Banks Of Investment Securities Gains Or Losses : December 31, 1983 : Amendment To Aicpa Industry Audit Guide Audits Of Banks; Statement Of Position 83-1;, American Institute Of Certified Public Accountants. Accounting Standards Division
Exposure Drafts, Comment Letters, and Statements of Position
No abstract provided.
Proposed Statement Of Position : Reporting By Banks Of Investment Securities Gains Or Losses;Reporting By Banks Of Investment Securities Gains Or Losses; Exposure Draft (American Institute Of Certified Public Accountants), 1983, Apr. 22, American Institute Of Certified Public Accountants. Banking Committee
Proposed Statement Of Position : Reporting By Banks Of Investment Securities Gains Or Losses;Reporting By Banks Of Investment Securities Gains Or Losses; Exposure Draft (American Institute Of Certified Public Accountants), 1983, Apr. 22, American Institute Of Certified Public Accountants. Banking Committee
Exposure Drafts, Comment Letters, and Statements of Position
This statement of position provides guidance for bank reporting of investment securities gains or losses in the income statement. The AICPA Banking Committee recommends the following: (1) Net investment securities gains or losses should be presentd on a separate line, on a pretax basis, in the "other income" section of a bank's income statement. If not material, they may be included in "other income." (2) Prior periods' interim and annual financial statements should be restated to conform with the one-step format. (3) If significant to an understanding of the revised reporting format, the tax effect of securities gains or losses …