Capital adequacy
Article Abstract:
The Building Societies Commission has published a paper entitled, "Capital Adequacy", which advises the British government to revise capital adequacy standards for savings and loan associations, such that the capital requirements would be more in line with the relatively recent revisions passed by the Bank of England governing capital adequacy among British banking institutions. Under the Commission's proposal, every savings and loan would have two measures for calculating capital adequacy: (1) a public measure, based upon publicly reported liabilities, and (2) a confidential measure, based upon the individual association's plans for the future and the cash needed to carry out such planning. Moreover, capital reserves would be evaluated by government agencies in terms of two "normalized" measurements: (1) minimum acceptable levels of capital on hand, and (2) desired levels of capital. A table of proposed ratios of capital requirements is included which generates different ratios for types of savings and loan activities.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1986
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Accounting for charities
Article Abstract:
New accounting and auditing requirements for charities under both the Scottish and English/Welsh Acts have just been issued. These new requirements pertain mostly to the obligation of charities to keep records and to the format and audit of these organizations' annual accounts and reports. Scottish charities can look for guidelines regarding these requirements in the Charities Accounts (Scotland) Regulations 1992 (Statutory Instrument 1992 no. 2165 s.216). Among the requirements contained in the Scottish Regulations are the keeping of books of accounts and the preparation of an annual statement of accounts. Scottish charities are also required to make such documents available to the public. Like regulations for charities in England and Wales are expected to be issued in the latter part of 1993.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1992
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