CBA
Showing 241–247 of 247 results
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BIG opportunity for S corporation sales
Summer 2008
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 787
Abstract: Banks and other financial institutions have been allowed to elect S corporation status since 1997, and thousands have taken advantage of this tax-saving opportunity. As institutions enter the second decade of their conversion to S status, a new benefit emerges: the ability to structure the sale of the business as an asset sale without triggering built-in gain (BIG) taxes.
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Fair game – How the fair value option changes the accounting playing field
Summer 2008
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 584
Abstract: As part of its march toward fair value accounting, the Financial Accounting Standards Board (FASB) recently finalized Statement of Financial Accounting Standards (SFAS) No. 159, The Fair Value Option for Financial Assets and Financial Liabilities, which applies to fiscal years starting after Nov. 15, 2007. Banks now have the option to measure certain financial instruments at fair value.
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Fair value – New accounting standard poses financial statement challenges
Spring 2008
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 416
Abstract: Bankers will be busy measuring the fair value of instruments on their next financial statement as they realize the widespread impact of a new accounting standard. That is because financial statements for fiscal years beginning after Nov. 15, 2007, must comply with FASB’s Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157). If you haven’t started familiarizing yourself with the new rule, it’s time to do your homework on how it will affect you.
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Using your best judgment – Back up qualitative decisions per loss allowance policy
Spring 2008
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 535
Abstract: Bankers setting allowances for loan and lease losses are paying special attention to the documentation that supports the decisions they make. For the past year or so, financial institutions have been grappling with the new accounting requirements in the Interagency Policy Statement on the Allowance for Loan and Lease Losses (ALLL). Here’s what you need to know about the changes.
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Capture the red flags – New rules require a comprehensive identity theft prevention program
Spring 2008
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 1401
Abstract: Costing consumers more than $1 billion a year, identity theft continues to head the list of consumer complaints heard by the Federal Trade Commission. And in the United States a crime of this nature happens every 79 seconds. A full-fledged response to the problem, the Identity Theft Red Flags and Address Discrepancies final rules, requires an identity theft prevention program to be in place by Nov. 1, 2008.
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RDC goes the distance – To compete, consider the punch of remote deposit capture
Spring 2008
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 923
Abstract: To stand up in the ring against heavier competitors, community banks must take seriously a new technology that is body punching the industry’s deposit side. Even smaller businesses — perhaps enticed by ads from bigger banks — are now starting to request Remote Deposit Capture (RDC), the process that allows a business to post and clear checks electronically with its bank. With demand for this breakthrough technology likely to increase, it may be time to adjust your fight plan to include RDC.
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How to turn compliance into a profit center
Winter 2008
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 852
Abstract: The Patriot Act beefed up the Bank Secrecy Act (BSA), imposing new obligations to ferret out suspicious customer activities and deter money laundering activities. The cost of compliance is steep. But smart bankers look at their BSA responsibilities not as unwelcome costs, but as an opportunity to generate new revenue, improve efficiency and strengthen customer satisfaction.