CCH Accounting for Financial Assets and Liabilities offers comprehensive guidance on accounting for transactions dealing with financial assets, such as receivables, loans, and securities. The publication covers a broad range of transactions, including: collateralized borrowings; sales and securitizations; servicing of financial assets; securities lending transactions; loan syndications and participations; and debt extinguishments and refinancing.

Accounting for sales, transfers, and servicing of financial assets and extinguishments of liabilities can be extremely complex. CCH Accounting for Financial Assets and Liabilities focuses on FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, and other guidance that has been issued on these matters, including FASB Statement No. 155 and FASB Statement No. 156 (issued in 2006). It will assist professionals with the difficult issues that continually arise in planning for, implementing, and reviewing the accounting for such transactions. It selectively combines information from the official text of the FASB, along with information drawn from the rules and releases of the SEC, consensuses of the FASB’s Emerging Issues Task Force, and lessons learned from leading accounting practioners.

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