Acquired Loans - Purchased Credit Impaired Loans (“PCI”): As part of business acquisitions, the Bank acquires certain loans that have shown evidence of credit deterioration since origination, commonly known as “purchased credit impaired” (“PCI”) loans. These acquired loans are recorded at fair value, such that there is no carryover of the target’s allowance for loan losses. Such acquired loans are accounted for individually under Accounting Standards Codification (“ASC”) 310-30.
Added: September 09, 2016 - 10:44 AM / Views: 219
Application of the U.S. GAAP and IFRS Standards
Added: September 09, 2016 - 10:16 AM / Views: 431
A guide to accounting for business combinations - 2nd edition
Added: August 22, 2016 - 2:52 PM / Views: 387
Companies that are planning for a merger or acquisition have various issues to consider as they prepare for the transaction, one of the issues being golden parachutes.
Added: August 22, 2016 - 1:50 PM / Views: 539
Accounting for purchase loans with deteriorated is relatively complex and this paper is for those who want to better understand its requirements and applications. We address the concepts behind FAS ASC 310-30, when it should be applied, how it should be applied, and provide best practices on implementation. Loan and pool level examples are included to demonstrate the effects of the accounting quarter over quarter.
Added: September 09, 2016 - 10:10 AM / Views: 366