SOP issued on Accounting for Certain Loans, Debt Securities.Statement of Position 03-3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer (No. 014938CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. 01), has been issued by the Accounting Standards Executive Committee. The SOP is effective for loans acquired in fiscal years beginning after Dec. 15, 2004, with early adoption encouraged. A certain transition provision applies for certain aspects of loans currently within the scope of Practice Bulletin 6, Amortization of Discounts on Certain Acquired Loans. The SOP addresses accounting for differences between contractual cash flows and cash flows expected to be collected from an investor's initial investment in loans or debt securities (loans) acquired in a transfer if those differences are attributable attributable emanating from or pertaining to attribute. attributable proportion see attributable risk (below). attributable risk , at least in part, to credit quality. It includes loans acquired in business combinations and applies to all nongovernmental entities, including not-for-profit Not-for-profit An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses. organizations. The SOP does not apply to loans originated by the entity. To obtain a copy of SOP 03-3 (price: $14 member/$17.50 non-member), see order information on page 7 or go to www.cpa2biz biz n. Informal Business. biz Noun Informal business Noun 1. .com/store and choose Accounting and Auditing Literature. |
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