2020 Brokers and Dealers in Securities - Accounting Guide
Updated for 2020, this industry standard resource offers comprehensive and reliable accounting implementation guidance for preparers.
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E-book, Paperback
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- Coverage of regulatory updates from key industry regulators (SEC, CFTC, and FINRA).
- Examples of financial statements, disclosures, and supplementary schedules.
- Discussion and interpretive guidance associated with industry specific financial reporting and regulatory compliance.
The clear and practical guidance you need.
This comprehensive guide has been designed to be beneficial for a wide range of professionals within the broker-dealer industry. Updates to this edition are to conform the content to current accounting standards and regulatory requirements. The updates include the following guidance:
- FASB ASU No. 2018-13, Fair Value Measurement (Topic 820), Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement;
- SEC Division of Trading and Markets’ no action letter concerning the treatment of certain receivables under Rule 15c3-1.
In addition, this edition features updates to the illustrative financial statements resulting from application of FASB ASC 842, Leases. This includes the addition of a right-of-use asset and lease liability to the statement of financial condition, disclosure notes and an example schedule of computation of net capital under Rule 15c3-1.
- A wide range of professionals within the broker-dealer industry.
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