GAAP

GAAP Accounting Could Complicate Assessment Rebate

By Heather Anderson | April 2, 2013

CUNA economist sees possible accounting problems should the NCUA rebate extra money after corporate losses are repaid.
TDR Rule Brightens CUs Financials

By Heather Anderson | August 12, 2012

Credit unions that have restructured loans for struggling members no longer have to pay the price on their financial performance reports. That’s because a final rule released in May by the NCUA, which applied GAAP standards to the reporting of delinquent restructured residential mortgage loans, included a provision that released...
Guest Opinion: New ALL Standards Are Coming

January 31, 2012

In case you’ve missed it, significant efforts are currently underway to align U.S. accounting practices with standards that are followed in other parts of the world (the convergence process). To accomplish this monumental task, the U.S.-based Financial Accounting Standards Board is working closely with the International Accounting Standards Board.

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