The Consumer Finance Group is pleased to present its winter 2009 edition of Accounting considerations. The purpose of this publication is to provide insight into the complexaccounting and reporting issues that are affecting the industry today. This edition is focused on current and emerging accounting issues that have come into focus as a result of the financial crisis. Select articles include:
Impairment and fair value model risk management
Fair value disclosure considerations for MD&A
Determining fair value in an illiquid market
Other-than-temporary impairment considerations
Loan modifications and trouble debt restructuring considerations
Additional disclosure considerations about derivative instruments and hedging activities
Credit derivatives and certain guarantees disclosures
SFAS 140 considerations
New development in the international financial reporting standards arena
Going concern and subsequent events considerations