Brokers and Dealers in Securities - Accounting Guide
Updated for 2019, this industry standard resource offers comprehensive and reliable accounting implementation guidance for preparers.
Format
E-book, Paperback
Availability
- 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.
It is critical to understand the complexities of the specialized accounting and regulatory requirements needed for the broker-dealer industry.
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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