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Accounting for Banks

Provides straightforward expert analysis necessary to guide professionals through the complex accounting rules unique to banks and financial institutions.
Publisher: Matthew Bender
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ISBN: 9781579110499
Publisher: Matthew Bender
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Book Edition: 62

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Accounting for Banks offers insightful, practical analysis of the application of existing accounting guidance and its effect on banks, as well as the latest accounting and regulatory changes. The two-volume publication features an array of examples, illustrations, and other valuable practice aids for the special situations that may be encountered.

•  Explains how to analyze a bank's financial position and operations using the bank's financial statements, and illustrates alternative bank financial statement presentations
•  Discusses accounting principles applicable to banks within the framework of their operations
•  Provides a working knowledge of bank operations and internal accounting controls
•  Details bank audit objectives and procedures
•   Demonstrates applications of internal accounting controls and accounting and reporting principles to banks' cash, investment securities, trading account securities, loans, property and equipment, and a host of other assets

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Table of Contents

VOLUME 1



Part I Overview



Chapter 1 The Banking Industry--An Overview

Chapter 2 Analysis of a Bank's Financial Position

Chapter 3 Accounting and Financial Reporting Overview

Chapter 4 Bank Auditing Under GAAS and PCAOB Standards

Chapter 4A The Interrelationship of Regulatory, Internal, and External Bank Audits

Chapter 4B Directors' Examinations



Part II Accounting and Reporting



Chapter 5 Cash and Due From Banks

Chapter 6 Accounting for Investment Securities

Chapter 7 Trading Account Securities

Chapter 7A Accounting for Impaired Securities

Chapter 7B Consolidations, Transfers and Servicing of Financial Assets and Liabilities

Chapter 8 Loans

Chapter 8A Accounting for Leases

Chapter 9 Property and Equipment

Chapter 10 Accounting for Other Assets

Chapter 11 Deposits

Chapter 12 Securities Sold Under Agreements to Repurchase and Federal Funds Purchased

Chapter 13 Other Liabilities

Chapter 14 Accounting for Debt

Chapter 14A Fair Value Measurement, Reporting and Disclosure

Chapter 15 Equity and Income

Chapter 15A Revenue Recognition from Contracts with Customers Under Revised Topic 606

Chapter 16 Letters of Credit, Collections, and Consigned Inventories

Chapter 17 Bank Trust Departments



VOLUME 2



Part III Auditing



Chapter 18 Evaluating Internal Control Structure

Chapter 18A Independent Audits Under Generally Accepted Auditing Standards (GAAS)

Chapter 18B Independent Audit Quality Control Under Generally Accepted Auditing Standards (GAAS) for Non-Public Financial Institutions

Chapter 19 Auditing Bank Assets

Chapter 20 Auditing Bank Liabilities

Chapter 21 Auditing Bank Equity and Results of Operations



Part IV Related Bank Accounting Topics



Chapter 22 Bank Holding Companies

Chapter 23 Bank Employee Stock Ownership Plans

Chapter 24 [Reserved]

Chapter 24A Regulatory Enforcement Process

Chapter 25 Banking Statutes and Regulations of Special Interest to Auditors

Chapter 26 Management Issues



Part V Appendices



Appendix I Organization of the Office of the Comptroller of the Currency

Appendix II Federal Reserve Board Locations

Appendix III Sample Basic Internal Control Questionnaire

Appendix IV Sample Internal Audit Program

Appendix V Sample Bank Directors' Examination Report

Appendix VI Interagency Policy Statement on External Auditing Programs of Banks and Savings Associations

Appendix VII Glossary of Selected Financial Institution and Industry Terms

Appendix VIII Federal Financial Institutions Examination Council Policy Statement on Allowance for Loan and Lease Losses Methodologies and Documentation for Banks and Savings Institutions

Appendix IX Comptroller of the Currency-Bank Supervision Process-Comptroller's Handbook

Appendix X Comptroller of the Currency-Insider Activities-Comptroller's Handbook

Appendix XI Audit Committee Guide for Financial Services Companies

Bibliography

Index