Financial reporting for financial instruments
Author(s)
Bibliographic Information
Financial reporting for financial instruments
(Foundations and trends in accounting / editor-in-chief, Stefan J. Reichelstein, v. 6,
Now, c2012
Available at 2 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references (p. 153-167)
Description and Table of Contents
Description
Financial Reporting for Financial Instruments develops the foundational knowledge related to financial instruments and the markets in which they trade, financial institutions and their internal decision-making and external circumstances, and currently required and credible alternative financial reporting for financial instruments. While the main focus is the financial reporting for financial instruments, the author also considers financial reporting by financial institutions. Particularly commercial banks and thrifts for the following reasons: First, financial institutions are the largest holders of financial instruments, with both sides of their balance sheets typically dominated by these instruments. Second, financial institutions provide rich sets of information about their financial instruments, individually and collectively, in their financial reports. Third, financial institutions play essential roles in providing liquidity and absorbing or distributing various types of economic risks. Fourth, it is often suggested that banks and other types of financial institutions are amenable to accounting research due to their homogeneity.
Financial Reporting for Financial Instruments gives an introduction to fundamental issues in financial reporting for financial instruments that is accessible to readers who do not have extensive prior knowledge of structured finance transactions and of the accounting for those transactions. It is however assumed that readers have reasonable background knowledge about financial instruments and solid understandings of introductory financial accounting. Following the introduction, Chapter 2 provides important background information for the topics covered in this monograph. Chapter 3 examines banks' loan loss accruals. Chapter 4 examines fair value accounting for financial instruments. Chapter 5 examines instruments-such as derivatives, loan commitments, and retained residual securities from securitizations-which have small values relative to their risks, i.e., are ""risk-concentrated."" Finally, chapter 6 examines required risk disclosures related to financial instruments in financial reports under GAAP and SEC rules.
Table of Contents
Introduction. Background on Financial Instruments, Financial Institutions, and their Risks. Banks' Loan Loss Accruals. Fair Value versus Amortized Cost Accounting. Balance Sheet Presentation of Risk-Concentrated Instruments. Risk Disclosures
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