Assets Liabilities and Equity Facility accounting policy memos According to ASC 480-10 also called Distinguishing Liabilities from Equity, it needs for the issuer to categorize three classes of financial instruments such as liabilities and assets. The first step involves financial instruments which are mandatorily redeemable. The second step involves the repurchase obligation of the shares […]
GAAP Reporting If the reporting entity is an VIE after it has acquired the variable interest of an entity. According to ASC 10, a subsidiary is defined as an entity whose controlling financial interests is done by the parent either by means of variable interests or voting interest. When the controlling financial interest is being […]
Municipal liquidity facility Step1: The Federal Reserve enacted the special purpose vehicles (SPV) as an LLC and cannot be categorized into any of the following consolidated guidance based on the ASC 10 of scope exception. Therefore, it cannot be classified as government organization, employee benefit plans, money market funds and specific investment firms. Since the […]
Accounting policies and internal control The parties involved include the treasury, the federal reserve and the entity. The MLF LLC is financed using credit obtained from the FRBNY on the basis of recourse. The acquisition of debt involved purchase of debt on the LLC based on the financial status of the issuer and debt prepayment […]
Before December 2020, the Municipal Liquidity Facility (MLF) could purchase up to $500 billion in three-year-maturity government and public entity notes. The Federal Reserve has established a separate corporation that handles sales for the system to work. The MLF uses a competitive auction as a safety net in a shortage of demand for its loans. […]
Key words: budget, modeling, management Now that you have made this decision, every trader should get the software for the best money management system. The good news is that there is a select group. The dangerous news is that there is a selection group. It takes a lot of resources and time to evaluate […]
Keywords: Financial modeling, business management, funding Financial Management The business concerned need financing to meet their needs in the economic and operational needs. Businesses, big or small, need to engage in commercial activities. In the modern world, the funding provided for any business must be deployed in such a way that the return on investment […]
Key words: QuickBooks, Financial, Analytical models A business owner is trustworthy for improving the financial soundness of the organization. It is very important to organize, control, and monitor all incoming and outgoing finances/funds. There are many things to ship, bills to follow, budgets to approve, and making a quick report to run the business with […]
Key words: DCF modeling, Excel, Finance Financial modeling is about data being fed into a spread sheet like MS Excel and then being analyzed by the various options given within the application. DCF (Discounted Cash Flow) is mainly about the TVM (time value of money). What we invest today in the time to come if […]
Ukraine Russia conflict Key words: Economics, Russia, Ukraine Experts believe that despite the ongoing war between Ukraine and Russia, the world economy will grow this year, but the effects of this war will be felt around the world. The intensity of the impact of this war will depend on the duration of the war. […]