The Securities and Exchange Commission has released a staff accounting bulletin that revises and rescinds some of the rules for written loan commitments to make them more consistent with recent accounting rules.
Staff Accounting Bulletin No. 109, "Written Loan Commitments Recorded at Fair Value Through Earnings," corrects portions of SAB No. 105, "Application of Accounting Principles to Loan Commitments."
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access