Securitization Accounting: The Ins and Outs (and some Do’s and Don’ts) of FAS 166, 167, and Counting ...
8th edition of Deloitte securitization accounting book released
There has never been a time when so many pillars of the securitization process have been tossed up in the air without an indication as to where or when they will land. FAS 166 and 167 represent the most comprehensive changes in over a decade. Even so, securitization accounting will continue to evolve.
With the environment so much in flux, the need for guidance has never been greater. For our best thoughts, follow the link below to download a copy of “Securitization Accounting: The Ins and Outs (and some Do’s and Don’ts) of FAS 166, 167, and Counting ...”
“Securitization Accounting” is intended to be useful to a broad range of potential readers, not just practicing accountants. Beyond the discussions around FAS 166 and 167, the book includes coverage of taxes, bank capital regulations, Regulation AB, international accounting standards, and even some light-hearted puzzles.
Among the topics covered in the book are the following:
- What are FAS 166 and 167 and when do they apply?
- Who has to consolidate the special purpose entity?
- How do you determine whether a securitization meets the sale criteria?
- Do I always need to bother my lawyer for an opinion letter?
- How about some examples?
- How will taxes affect my transaction?
- How do you determine gain or loss on a sale?
- How do I measure and report fair value information?
- What are some of the investor accounting issues?
- Can banks get regulatory capital relief through securitization?
- How do securitizations fare under international accounting standards?
- So where is the transparency?
- Regulation AB and a look into the reporting future
- Solving the securitization puzzles
Also included in the book is a foreword by Deloitte partner Marty Rosenblatt, who has been writing about securitization accounting for 25 years.