Questions related to FAS 115 - 未名空间MITBBS历史存档

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Questions related to FAS 115

Questions related to FAS 115# Accounting - 会计审计

i*r2008-11-25 08:11

1 楼

刚来美国时，就和美国的教会打成一片，他们经常给我们这些中国留学生（包括台湾）
提供很多生活上的帮助（中国教会压根不理我们这些新生），一来二去成了朋友，于是
他们请我们去参加Bible study。带着对新事物的好奇和受人之恩后的图报心理，很多
人欣然答应了。
Bible study每次都是在美国人家里，每家轮着来，一般也就是先唱歌，然后读经文，
然后教徒讲解，讲完后大家提问，其实呢，没有人提问，因为在座的人都是中国人，对
这些基本不信，大家只是当成一个文化来了解。惟一一次有人提问的是关于大海
啸，那人问为什么God要发动这场灾难，死亡了大几十万人？结果主持这个Bible Study
的美国基督徒说自己也不知道，无法回答。这个基督徒也有60岁了，成为基督徒有40多
年，呵呵，但是不知道就是不知道，亲口承认，不瞎掰，比这里的一口一个大爱的基督
徒强多了。
最后就是祷告，祷告之前美国人会问一问有谁有什么特别的事情希望在祷告的时候说的
，比如生病了的，有什么困难的，需要God来帮助。然后美国人就开始祷告，祷告词一
般也就是说聆听了God的话语，希望God引领，然后希望God能够帮谁谁谁治病，解

c*k2008-11-25 08:11

2 楼

大家在test security category- (Held for trading, Held for sale, Held for
maturity)
是怎么样test the category 的呢？根据subsequent events？（I have not tested "
intent" before)
在test security impairments, 大家是从哪里拿到MV info, 除了bloomberg之外还有
别的source 吗？你们用不用specailist来计算pricing呢？

i*r2008-11-25 08:11

3 楼

“你要是觉得不信下次不要去就行”
呵呵，我是第一次听到这样的话，是不是你们中国教会的人是这样对不信的人说的？
反正我在美国教会有好几年了，我虽然一直不信，但是我很乐意参加他们的活动，包括
bible study，周日的礼拜仪式以及其他一些节日的教会活动，因为我把基督教当作一
个文化，我希望多了解一下。前几年我是每周都去，现在虽然不是每周都去，但也会经
常去。教堂里的人从普通教徒到牧师，都知道我不是基督徒，但是从来没有哪个人对我
说过"你要是觉得不信下次不要来了"。在提议让我受洗被我拒绝后，就再也不向我提了，
而且他们仍然都对我很热情，很欢迎我去。
“别萎缩的指望别人帮你啥啥作为理由啊”
我的帖子里面没有一丝一毫地提到要占教会什么便宜，或者去“指望”谁给我什么帮助
，不知道你是怎么得出这些关于“猥琐”的结论，难道你的脑袋里面装的就是你所说的
猥琐的东西。
我不知道你是否对美国的教会有所了解，就我参加的那个教会，很少有什么聚餐这种中
国教会经常有的东西。Bible study是在大家各自晚饭后才由美国朋友pick up到他们家
里进行的，周末的礼拜仪式在12点之前就结束了，结束后大家各自回

a*e2008-11-25 08:11

4 楼

To determine the appropriate category of a security, we NEED TO INQUIRE of
management of its intents. Inquiry is not sufficient and then will need to
obtain supporting documentation for its statements as to how the Company
comes to such a conclulsion. Also, inspect documentation that you may have
already obtained from other areas, such as board minutes, brokerage
statements, and like you said, material subsequent events that come to your
attention, to determine whether the evidence contradicts w

c*k2008-11-25 08:11

5 楼

Thank alanshore for sharing your inputs with us.
I believe that is very good practice to test securities held by companies.
For most companies, the securities are labeled as HFS. Inquiry with
management and examination of documentation are helpful. In terms of huge
financial companies, the testing approach may be different. I just want to
share with everyone about some of my thoughts.
As far as I know, we do not perform many management inquiries or review of
the board minutes. A lot of securiti

m*n2008-11-25 08:11

6 楼

FAS 115 is a very interesting topic with a lot of details. To continue the
above discussions, I want to talk about three things: 1) Classification of
HTM, HFS and trading securities. 2) Common valuation considerations of
securities. 3) Impairment and FAS 114.
Due to my time constraint, I will try to post one topic each day. So today
let's talk about classifications. Under FAS 115, securities are usually
designated held-to-maturity, held-for-sale, or trading classifications,
based on the enterpr

c*k2008-11-25 08:11

7 楼

Thanks masterchen. I really want to hear more about your/everyone's
discussion on FAS 115. Please continue.
I want to bring one topic a day. Everyone is invited to share your thoughts!

a*e2008-11-25 08:11

8 楼

"Intent" and "ability" - thanks for pointed out the "ability", Masterchen.
From my experience, we hire an outside consultant, who is a CFA, to evaluate
. We inspect their evalutions (oh, that's like hell, trust me, tones of
assumptions and formulas in their computation) and draw our conclusion.

m*n2008-11-25 08:11

9 楼

Today I will briefly cover a very exciting topic, valuation of loans and
securities. As you may already understand, under FAS 115 securities can be
classified under held-to-maturity ("HTM"), available-for-sale ("AFS"), or
trading. Synonymously, mortgage loans can be classified as loans held for
investment ("LHFI") or loans held for sale ("LHFS") under FAS 65. In general
, there are two accounting models for valuation: 1) amortized cost with
LOCOM; 2) fair value.
Assuming fair value option is not

c*k2008-11-25 08:11

10 楼

好帖，包子已发。