Invesco restates 2013-2015 financials due to failure to apply ASC 815
Invesco is the latest company to restate its financials due to failure to apply ASC 815: In the fourth quarter of 2013, the company began...
Evolution of Over-The-Counter Derivatives and Associated Accounting Concerns
When OTC derivatives are transacted on a bi-lateral basis between end-users and dealers, dealers quote bids and offers and end-users essenti
Hedging Bank Portfolios: Framing the Issue
To illustrate, consider a simplified example where a bank relies on monthly deposits as its primary funding source in connection with its ho
Comparing Apples and Oranges (and Pears)
Values for all of these three contract prices are dependent on the yield curve as of the date of the valuation, or more directly, on the con
Hedge Effectiveness Testing Revisited
This article addresses two problems often encountered by practitioners who endeavor to qualify for special hedge accounting treatment.
The f
This Year’s Model – New Lending Practices and Related Accounting Concerns
The first pitfall to avoid is using a standard pay-fixed/receive-floating interest rate swap in conjunction with this loan. This plain-vanil