Accounting Guide
American Institute of Certified Public Accountants (Verlag)
978-1-945498-99-2 (ISBN)
- Titel ist leider vergriffen;
keine Neuauflage - Artikel merken
Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession's technical and ethical standards. The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.
Chapter 1 The Securities Industry 01-142
Broker-Dealers 04-25
Discount Brokers 08
Investment Bankers 09-14
Government Securities Dealers 15
Designated Market Maker 16
Clearing Brokers 17
Carrying Brokers 18
Prime Brokers 19
Swap Dealers 20-21
Introducing Brokers 22
Brokers’ Brokers 23
Bank-Owned Brokers (Section 4k4(e) and Section 20 Brokers) 24
Independent Broker-Dealers 25
The Financial Markets 26-46
Exchange Market 29-34
OTC Market 35-39
Third Market 40
Alternative Trading Venues 41-46
Clearing Organizations and Depositories 47-53
Transfer Agents 54-57
Regulatory Overview 58-61
Business Activities 62-142
Brokerage 62-70
Firm Trading 71-107
Investment Banking 108-115
Financing 116-128
Other Activities 129-142
Chapter 2 Broker-Dealer Functions, Books, and Records 01-176
Introduction 01-18
Overview 01-03
Original Entry Journals 04-06
General Ledger 07
Stock Record 08-12
Regulatory Recordkeeping Requirements 13-15
Trade Date and Settlement Date 16-18
Trade Execution 19-60
Customer Trades 19-48
Proprietary Trades 49-60
Clearance and Settlement 61-90
Overview 61-65
Comparison 66-70
Settlement 71-87
Bookkeeping 88-90
Specialized Clearance Activities 91-118
Mortgage-Backed Securities 91-95
Government Securities 96-98
Repos and Reverse Repos 99-100
Derivative Securities 101-103
Commodity Futures and Options on Futures 104-108
Forward Transactions 109
Municipal Securities 110-111
International Securities 112
Options on Securities 113-118
Reconciliation and Balancing 119-122
Custody 123-134
Possession or Control 124-128
Securities Transfer 129-134
Dividends, Interest, and Reorganization 135-148
Dividends and Interest 135-143
Reorganization 144-148
Collateralized Financing 149-163
Stock Loan and Stock Borrow 149-153
Bank Loan Financing 154-157
Reverse Repos and Repos 158-163
Regulatory Considerations 164-171
Tax Information Reporting for Certain Customer Transactions 172-175
Illustrative Stock Record Entries 176
Chapter 3 Regulatory Considerations 01-188
Applicable Rules 05-10
Interpretations of Rules 09-10
Explanation of Significant SEC Financial Responsibility Rules 11-125
SEC Rule 15c3-3, "Customer Protection—Reserves and Custody of Securities" 11-40
SEC Rule 15c3-1, "Net Capital Requirements for Brokers or Dealers" 41-60
SEC Rule 15c3-1(e), "Notice Provisions Relating to the Limitations on the Withdrawal of Equity Capital" 61-65
SEC Rule 17a-13, "Quarterly Security Counts to Be Made by Certain Exchange Members, Brokers, and Dealers" 66-70
SEC Rule 17a-3, "Records to Be Made by Certain Exchange Members, Brokers, and Dealers" 71
SEC Rule 17a-4, "Records to Be Preserved by Certain Exchange Members, Brokers, and Dealers" 72
Regulation T and Maintenance Margin 73-79
Account Statement Rule(s) 80-81
SEC Rules and CFTC Regulations Governing Customer Margin for Transactions in Security Futures 82
SEC Rules 17h-1T and 17h-2T 83-86
SEC Rule 17Ad-17, "Lost Securityholders and Unresponsive Payees" 87-92
SEC Rule 17Ad-22, "Clearing Agency Standards" 93-94
SEC Rule 17-248—Subpart C, "Regulation S-ID: Identity Theft Red Flags" 95
SEC Rule 506 of Regulation D and SEC Rule 144A 96-97
SEC Rule 15c3-5, "Risk Management Controls for Brokers or Dealers with Market Access" 98-101
SEC Rule 17a-5, "Reports to Be Made by Certain Brokers and Dealers" 102-122
Anti-money Laundering Regulations 123-125
Reporting Requirements 126-151
Consolidation of Subsidiaries 132-134
Form Custody 135
Other Periodic Reporting 136
The Annual Audited Financial Report 137-151
Filings Concurrent With the Annual Audited Financial Report 152-161
Compliance or Exemption Report Required by SEC Rule 17a-5 152-154
Report to State Regulatory Agencies 155
Financial Statements to Be Furnished to Customers of Securities Broker-Dealers 156-161
Other Reports 162-171
Reports on Securities Investor Protection Corporation Assessment 162-164
Reports on Agreed-Upon Procedures for Distributions 165
PCAOB Accounting Support Fee 166-171
Additional Requirements for Registered Investment Advisers 172-180
Rules Applicable to Broker-Dealers in Commodities and US Government Securities 181-183
Commodities Brokers 182
Government Securities Broker-Dealers 183
OTC Derivatives Dealers 184-185
Swap Dealers and Swaps Marketplace Participants 186
Annual Compliance Certification 187-188
Chapter 4 Internal Control 01-70
Introduction 01-06
The Control Environment 07-09
Risk Assessment for Financial Reporting Purposes 10-19
Control Activities 20-23
Information and Communication 24-30
Information and Communication Control Activities 27-30
Monitoring Activities 31-36
Broker-Dealer Control and Monitoring Activities 37-62
Sales and Compliance 41-44
Clearance 45-46
Securities Settlement 47-48
Custody 49-50
Dividends, Interest, and Reorganization 51-52
To-Be-Announced Securities 53
Principal Transactions 54-56
OTC Derivative Transactions 57
Commissions 58
Collateralized Financings 59-61
Period End Financial Reporting 62
SEC Requirements for Management’s Report on Internal Control Over Financial Reporting for Issuers 63-70
Annual Reporting Requirements for Issuers 67
Quarterly Reporting Requirements for Issuers 68-70
5 Accounting Standards 01-127
Accounting Model 02-40
Definition of Fair Value 06-08
Application of Fair Value Measurement to Liabilities and Instruments Classified in a Reporting Entity’s Shareholders’ Equity 09-11
Valuation Techniques 12-14
Inputs to Valuation Techniques 15-16
Application to Financial Assets and Financial Liabilities With Offsetting Positions in Market Risks or Counterparty Credit Risk 17-19
Inputs Based on Bid and Ask Prices 20
Present Value Techniques 21-24
The Fair Value Hierarchy 25-28
Fair Value Measurements of Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) 29-32
Fair Value Determination When the Volume or Level of Activity Has Significantly Decreased 33-37
Fair Value Option 38-40
Additional Fair Value Considerations 41-54
Financial Instruments Listed on a Recognized Exchange 41-45
Financial Instruments Not Listed on a Recognized Exchange but Having a Readily Available Market Price 46-48
Financial Instruments Not Having a Readily Available Market Price 49-54
Trade-Date Versus Settlement-Date Accounting 55-68
Proprietary and Principal Transactions 58-65
Agency Transactions 66-68
Statement of Financial Condition Considerations 69-112
Due From, and Due to, Other Broker-Dealers and Clearing Entities 69-70
Transfers of Financial Assets 71-85
Exchange Memberships Owned or Contributed 86
Suspense Accounts 87
Derivatives 88-97
Conditional Transactions 98
Leveraged Buyouts and Bridge Loans 99
Asset Securitizations 100-103
Variable Interest Entities 104
Soft-Dollar Arrangements 105-109
Mandatorily Redeemable Instruments 110-112
Statement of Income or Loss Considerations 113-124
Underwriting Revenues and Expenses 113-117
Distribution Costs 118-119
Interest, Dividends, and Rebates 120-123
Costs Associated With Exit or Disposal Activities 124
Revenue Recognition: Implementation of FASB ASC 606 125-127
Brokers, Dealers, and Futures Commission Merchants and the Definition of a Public Business Entity 125-127
6 Financial Statement Presentation and Classification 01-169
Introduction 01-12
Financial Statements 13-31
Statement of Financial Condition 13-15
Statement of Income or Operations 16-20
Statement of Cash Flows 21-22
Statement of Changes in Ownership Equity 23-24
Statement of Changes in Subordinated Borrowings 25
Consolidation of Subsidiaries 26-28
Going Concern 29-31
Supplementary Schedules 32-39
Computation of Net Capital Pursuant to SEC Rule 15c3-1 34
Computations for Determination of Reserve Requirements Pursuant to SEC Rule 15c3-3 35-36
Information Relating to Possession or Control Requirements Under SEC Rule 15c3-3 37-38
Schedules of Segregation Requirements and Funds in Segregation for Customers’ Trading Pursuant to the Commodity Exchange Act 39
Statement of Financial Condition Account Descriptions 40-97
Cash and Securities Segregated Under Federal and Other Regulations 41
Memberships in Exchanges 42-46
Securities Sold Under Agreements to Repurchase and Securities Purchased Under Agreements to Resell 47-53
Securities Borrowed and Securities Loaned 54-61
Securities Received as Collateral and Obligation to Return Securities Received as Collateral 62-64
Receivables From and Payables to Broker-Dealers, Clearing Organizations, and Others 65-73
Receivables From and Payables to Customers 74-77
Deferred Dealer Concessions 78
Securities Owned and Securities Sold, Not Yet Purchased 79-86
Other Borrowed Funds 87-89
Subordinated Borrowings 90-94
Commitments and Guarantees 95-96
Equity 97
Statement of Income or Operations Account Descriptions 98-126
Commission Income and Related Expense 99-103
Interest Income and Interest Expense 104-105
Dividend Income and Dividend Expense 106
Principal Transactions (Trading Gains and Losses) 107
Investment Banking Fees and Expenses 108-113
Asset Management and Investment Advisory Income 114-115
Distribution Fees 116-117
Floor Brokerage, Exchange Fee, and Clearance Expenses 118-120
Occupancy and Equipment Expenses 121
Employee Compensation and Benefits Expenses 122-124
Technology and Communications Expense 125
Management and Allocated Corporate Overhead Expense 126
Disclosures 127-165
Fair Value Disclosures 127-130
Disclosures Related to Transfers of Financial Assets Accounted for as Sales 131-132
Disclosures Related to Transfers of Financial Assets Accounted for as Secured Borrowings 133
Disclosures of Certain Significant Risks and Uncertainties and Contingencies 134-144
Derivative Instruments Disclosures 145-148
Guarantee Disclosures 149-150
Related Party Disclosures 151-156
Subsequent Events Disclosures 157-159
Balance Sheet Offsetting Disclosures 160-165
Financial Statements and Schedules 166-169
Appendix
A Information Sources
B Illustrative Example of Compliance Report Required by SEC Rule 17a-5
C Illustrative Example of Exemption Report Required by SEC Rule 17a-5
D Overview of Statements on Quality Control Standards
E The New Revenue Recognition Standard: FASB ASC 606
F The New Leases Standard: FASB ASC 842
G Accounting for Financial Instruments
H Schedule of Changes Made to the Text From the Previous Edition
Glossary
Index of Pronouncements and Other Technical Guidance
Subject Index
| Erscheinungsdatum | 27.02.2019 |
|---|---|
| Reihe/Serie | AICPA |
| Verlagsort | NC |
| Sprache | englisch |
| Maße | 153 x 228 mm |
| Gewicht | 544 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management |
| ISBN-10 | 1-945498-99-4 / 1945498994 |
| ISBN-13 | 978-1-945498-99-2 / 9781945498992 |
| Zustand | Neuware |
| Haben Sie eine Frage zum Produkt? |
aus dem Bereich
