Buch, Englisch, 464 Seiten, Format (B × H): 149 mm x 228 mm, Gewicht: 666 g
Reihe: AICPA
Buch, Englisch, 464 Seiten, Format (B × H): 149 mm x 228 mm, Gewicht: 666 g
Reihe: AICPA
ISBN: 978-1-945498-99-2
Verlag: John Wiley & Sons
An industry-specific accounting guide for brokers and dealers
The Accounting Guide: Brokers and Dealers in Securities 2018 is provided by the American Institute of Certified Public Accountants. It details specialized accounting and regulatory requirements for the broker-dealer industry. Detailed chapters provide comprehensive examinations of timely subjects. For example, the chapter on the securities industry covers discount brokers, investment bankers, government securities dealers, clearing brokers, and other professions. Additional chapters cover: regulatory consideration, internal control, accounting standards, and financial statement considerations. Broker-dealers gain guidance in financial statement preparation while following the best practices and accounting principles outlined.
Autoren/Hrsg.
Fachgebiete
Weitere Infos & Material
Chapter 1 The Securities Industry 01-142
Broker-Dealers 04-25
Discount Brokers 08
Investment Bankers 09-14
Government Securities Dealers 15
Designated Market Maker 16
Clearing Brokers 17
Carrying Brokers 18
Prime Brokers 19
Swap Dealers 20-21
Introducing Brokers 22
Brokers' Brokers 23
Bank-Owned Brokers (Section 4k4(e) and Section 20 Brokers) 24
Independent Broker-Dealers 25
The Financial Markets 26-46
Exchange Market 29-34
OTC Market 35-39
Third Market 40
Alternative Trading Venues 41-46
Clearing Organizations and Depositories 47-53
Transfer Agents 54-57
Regulatory Overview 58-61
Business Activities 62-142
Brokerage 62-70
Firm Trading 71-107
Investment Banking 108-115
Financing 116-128
Other Activities 129-142
Chapter 2 Broker-Dealer Functions, Books, and Records 01-176
Introduction 01-18
Overview 01-03
Original Entry Journals 04-06
General Ledger 07
Stock Record 08-12
Regulatory Recordkeeping Requirements 13-15
Trade Date and Settlement Date 16-18
Trade Execution 19-60
Customer Trades 19-48
Proprietary Trades 49-60
Clearance and Settlement 61-90
Overview 61-65
Comparison 66-70
Settlement 71-87
Bookkeeping 88-90
Specialized Clearance Activities 91-118
Mortgage-Backed Securities 91-95
Government Securities 96-98
Repos and Reverse Repos 99-100
Derivative Securities 101-103
Commodity Futures and Options on Futures 104-108
Forward Transactions 109
Municipal Securities 110-111
International Securities 112
Options on Securities 113-118
Reconciliation and Balancing 119-122
Custody 123-134
Possession or Control 124-128
Securities Transfer 129-134
Dividends, Interest, and Reorganization 135-148
Dividends and Interest 135-143
Reorganization 144-148
Collateralized Financing 149-163
Stock Loan and Stock Borrow 149-153
Bank Loan Financing 154-157
Reverse Repos and Repos 158-163
Regulatory Considerations 164-171
Tax Information Reporting for Certain Customer Transactions 172-175
Illustrative Stock Record Entries 176
Chapter 3 Regulatory Considerations 01-188
Applicable Rules 05-10
Interpretations of Rules 09-10
Explanation of Significant SEC Financial Responsibility Rules 11-125
SEC Rule 15c3-3, "Customer Protection--Reserves and Custody of Securities" 11-40
SEC Rule 15c3-1, "Net Capital Requirements for Brokers or Dealers" 41-60
SEC Rule 15c3-1(e), "Notice Provisions Relating to the Limitations on the Withdrawal of Equity Capital" 61-65
SEC Rule 17a-13, "Quarterly Security Counts to Be Made by Certain Exchange Members, Brokers, and Dealers" 66-70
SEC Rule 17a-3, "Records to Be Made by Certain Exchange Members, Brokers, and Dealers" 71
SEC Rule 17a-4, "Records to Be Preserved by Certain Exchange Members, Brokers, and Dealers" 72
Regulation T and Maintenance Margin 73-79
Account Statement Rule(s) 80-81
SEC Rules and CFTC Regulations Governing Customer Margin for Transactions in Security Futures 82
SEC Rules 17h-1T and 17h-2T 83-86
SEC Rule 17Ad-17, "Lost Securityholders and Unresponsive Payees" 87-92
SEC Rule 17Ad-22, "Clearing Agency Standards" 93-94
SEC Rule 17-248--Subpart C, "Regulation S-ID: Identity Theft Red Flags" 95
SEC Rule 506 of Regulation D and SEC Rule 144A 96-97
SEC Rule 15c3-5, "Risk Management Controls for Brokers or Dealers with Market Access" 98-101
SEC Rule 17a-5, "Reports to Be Made by Certain Brokers and Dealers" 102-122
Anti-money Laundering Regulations 123-125
Reporting Requirements 126-151
Consolidation of Subsidiaries 132-134
Form Custody 135
Other Periodic Reporting 136
The Annual Audited Financial Report 137-151
Filings Concurrent With the Annual Audited Financial Report 152-161
Compliance or Exemption Report Required by SEC Rule 17a-5 152-154
Report to State Regulatory Agencies 155
Financial Statements to Be Furnished to Customers of Securities Broker-Dealers 156-161
Other Reports 162-171
Reports on Securities Investor Protection Corporation Assessment 162-164
Reports on Agreed-Upon Procedures for Distributions 165
PCAOB Accounting Support Fee 166-171
Additional Requirements for Registered Investment Advisers 172-180
Rules Applicable to Broker-Dealers in Commodities and US Government Securities 181-183
Commodities Brokers 182
Government Securities Broker-Dealers 183
OTC Derivatives Dealers 184-185
Swap Dealers and Swaps Marketplace Participants 186
Annual Compliance Certification 187-188
Chapter 4 Internal Control 01-70
Introduction 01-06
The Control Environment 07-09
Risk Assessment for Financial Reporting Purposes 10-19
Control Activities 20-23
Information and Communication 24-30
Information and Communication Control Activities 27-30
Monitoring Activities 31-36
Broker-Dealer Control and Monitoring Activities 37-62
Sales and Compliance 41-44
Clearance 45-46
Securities Settlement 47-48
Custody 49-50
Dividends, Interest, and Reorganization 51-52
To-Be-Announced Securities 53
Principal Transactions 54-56
OTC Derivative Transactions 57
Commissions 58
Collateralized Financings 59-61
Period End Financial Reporting 62
SEC Requirements for Management's Report on Internal Control Over Financial Reporting for Issuers 63-70
Annual Reporting Requirements for Issuers 67
Quarterly Reporting Requirements for Issuers 68-70
5 Accounting Standards 01-127
Accounting Model 02-40
Definition of Fair Value 06-08
Application of Fair Value Measurement to Liabilities and Instruments Classified in a Reporting Entity's Shareholders' Equity 09-11
Valuation Techniques 12-14
Inputs to Valuation Techniques 15-16
Application to Financial Assets and Financial Liabilities With Offsetting Positions in Market Risks or Counterparty Credit Risk 17-19
Inputs Based on Bid and Ask Prices 20
Present Value Techniques 21-24
The Fair Value Hierarchy 25-28
Fair Value Measurements of Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) 29-32
Fair Value Determination When the Volume or Level of Activity Has Significantly Decreased 33-37
Fair Value Option 38-40
Additional Fair Value Considerations 41-54
Financial Instruments Listed on a Recognized Exchange 41-45
Financial Instruments Not Listed on a Recognized Exchange but Having a Readily Available Market Price 46-48
Financial Instruments Not Having a Readily Available Market Price 49-54
Trade-Date Versus Settlement-Date Accounting 55-68
Proprietary and Principal Transactions 58-65
Agency Transactions 66-68
Statement of Financial Condition Considerations 69-112
Due From, and Due to, Other Broker-Dealers and Clearing Entities 69-70
Transfers of Financial Assets 71-85
Exchange Memberships Owned or Contributed 86
Suspense Accounts 87
Derivatives 88-97
Conditional Transactions 98
Leveraged Buyouts and Bridge Loans 99
Asset Securitizations 100-103
Variable Interest Entities 104
Soft-Dollar Arrangements 105-109
Mandatorily Redeemable Instruments 110-112
Statement of Income or Loss Considerations 113-124
Underwriting Revenues and Expenses 113-117
Distribution Costs 118-119
Interest, Dividends, and Rebates 120-123
Costs Associated With Exit or Disposal Activities 124
Revenue Recognition: Implementation of FASB ASC 606 125-127
Brokers, Dealers, and Futures Commission Merchants and the Definition of a Public Business Entity 125-127
6 Financial Statement Presentation and Classification 01-169
Introduction 01-12
Financial Statements 13-31
Statement of Financial Condition 13-15
Statement of Income or Operations 16-20
Statement of Cash Flows 21-22
Statement of Changes in Ownership Equity 23-24
Statement of Changes in Subordinated Borrowings 25
Consolidation of Subsidiaries 26-28
Going Concern 29-31
Supplementary Schedules 32-39
Computation of Net Capital Pursuant to SEC Rule 15c3-1 34
Computations for Determination of Reserve Requirements Pursuant to SEC Rule 15c3-3 35-36
Information Relating to Possession or Control Requirements Under SEC Rule 15c3-3 37-38
Schedules of Segregation Requirements and Funds in Segregation for Customers' Trading Pursuant to the Commodity Exchange Act 39
Statement of Financial Condition Account Descriptions 40-97
Cash and Securities Segregated Under Federal and Other Regulations 41
Memberships in Exchanges 42-46
Securities Sold Under Agreements to Repurchase and Securities Purchased Under Agreements to Resell 47-53
Securities Borrowed and Securities Loaned 54-61
Securities Received as Collateral and Obligation to Return Securities Received as Collateral 62-64
Receivables From and Payables to Broker-Dealers, Clearing Organizations, and Others 65-73
Receivables From and Payables to Customers 74-77
Deferred Dealer Concessions 78
Securities Owned and Securities Sold, Not Yet Purchased 79-86
Other Borrowed Funds 87-89
Subordinated Borrowings 90-94
Commitments and Guarantees 95-96
Equity 97
Statement of Income or Operations Account Descriptions 98-126
Commission Income and Related Expense 99-103
Interest Income and Interest Expense 104-105
Dividend Income and Dividend Expense 106
Principal Transactions (Trading Gains and Losses) 107
Investment Banking Fees and Expenses 108-113
Asset Management and Investment Advisory Income 114-115
Distribution Fees 116-117
Floor Brokerage, Exchange Fee, and Clearance Expenses 118-120
Occupancy and Equipment Expenses 121
Employee Compensation and Benefits Expenses 122-124
Technology and Communications Expense 125
Management and Allocated Corporate Overhead Expense 126
Disclosures 127-165
Fair Value Disclosures 127-130
Disclosures Related to Transfers of Financial Assets Accounted for as Sales 131-132
Disclosures Related to Transfers of Financial Assets Accounted for as Secured Borrowings 133
Disclosures of Certain Significant Risks and Uncertainties and Contingencies 134-144
Derivative Instruments Disclosures 145-148
Guarantee Disclosures 149-150
Related Party Disclosures 151-156
Subsequent Events Disclosures 157-159
Balance Sheet Offsetting Disclosures 160-165
Financial Statements and Schedules 166-169
Appendix
A Information Sources
B Illustrative Example of Compliance Report Required by SEC Rule 17a-5
C Illustrative Example of Exemption Report Required by SEC Rule 17a-5
D Overview of Statements on Quality Control Standards
E The New Revenue Recognition Standard: FASB ASC 606
F The New Leases Standard: FASB ASC 842
G Accounting for Financial Instruments
H Schedule of Changes Made to the Text From the Previous Edition
Glossary
Index of Pronouncements and Other Technical Guidance
Subject Index
