GAAP - Update on New Accounting Principles and Impacts on Borrowers' Financials Understand the types of disclosures

Understand the types of disclosures required

long-term debt/ total debt

Examples of typical credit policy guidance

It is a smorgasbord of seemingly random but interconnected requirements that drive everyone’s job – from the teller to the CEO

GAAP - Update on New Accounting Principles and Impacts on Borrowers' Financials Understand the types of disclosuresWe tend to take accounting for granteddebits equal credits, total assets equal total liabilities and stockholders equity. Generally accepted accounting principles (GAAP) are generally accepted because they are generally written for the ages, so they do not change often, but when they do, there are good reasons for the change. Good reasons for updating as business and the economy do change over time, and several new principles warrant review to