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Accounting
Reference Series
Financial Assets and Liabilities:
Sales, Transfers and Extinguishments - Interpretations of FASB Statement
No. 125, Accounting for the Transfer and Servicing of Financial Assets
and Extinguishments of Liabilities
Authored by Arthur Andersen’s Professional
Standards Group, this Guide was developed as a reference source to update
and assist professionals with the complex issues that continually arise
in planning, implementing and reviewing the accounting sales, transfers
and servicing of financial assets and extinguishments of liabilities. The
guidance in this practical, real-world, interpretive accounting publication
represents Arthur Andersen’s understanding of current practice based on
experiences with companies, standard-setters and regulators; including
FASB and SEC officials. Current financial arrangements discussed include
securitization, collateralized borrowings, refinancing, loan syndication,
factoring and mortgage backed security. In short, structuring any financials
to reduce the cost of funds.
The features of this publication
are that:
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it is organized by paragraph of the
standards and implementation sections of Statement No. 125
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the quoted paragraphs are shaded to
distinguish them from Arthur Andersen commentary and interpretation
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after a practical question is posed,
the Arthur Andersen "Response" expresses their commentary, as well as comparison
charts and examples when required
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contains a detailed glossary of terms
used in the profession
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contains appendices that outline:
- Repurchase Agreements and Securities
Lending Arrangements: a comparison of current practice with Statement 125
- major issues on Credit Card Sale
Accounting under Statement 125
- AICPA literature discussing Legal
Opinion Requirements for Transactions within the scope of Statement 125
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includes an "Index of Accounting Literature"
which is a topical index with cross-references to interpretations that
make reference to or incorporate the authoritative pronouncement (in whole
or in part)
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for added value STP has also added the
original FASB 125 Booklet, which includes the FASB’s own Introduction and
Basics of Conclusion (pages 7113 to 7156)
Additionally Arthur Andersen adds new
questions and answers and modifies existing ones, as they learn from participation
in real transactions.
Loose-leaf - $315
CD-Rom - $365
Combination CD-Rom & Loose-leaf - $515
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