Bank of America 2007 Annual Report Download - page 113
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Accounting Pronouncements
SFAS 52
Foreign Currency Translation
SFAS 109
Accounting for Income Taxes
SFAS 133
Accounting for Derivative Instruments and Hedging Activ-
ities, as amended
SFAS 140
Accounting for Transfers and Servicing of Financial Assets
and Extinguishments of Liabilities – a replacement of FASB
Statement No. 125
SFAS 142
Goodwill and Other Intangible Assets
SFAS 157
Fair Value Measurements
SFAS 159
The Fair Value Option for Financial Assets and Financial
Liabilities
FIN 46R
Consolidation of Variable Interest Entities (revised
December 2003) – an interpretation of ARB No. 51
FIN 48
Accounting for Uncertainty in Income Taxes, an inter-
pretation of FASB Statement No. 109
FSP 13-2
Accounting for a Change or Projected Change in the Timing
of Cash Flows Relating to Income Taxes Generated by a
Leveraged Lease Transaction
SOP 03-3
Accounting for Certain Loans or Debt Securities Acquired in
a Transfer
Acronyms
ABS
Asset-backed securities
AFS
Available-for-sale
AICPA
American Institute of Certified Public Accountants
ALCO
Asset and Liability Committee
ALM
Asset and liability management
CDO
Collateralized debt obligation
CLO
Collateralized loan obligation
CMBS
Commercial mortgage-backed securities
EPS
Earnings per common share
FASB
Financial Accounting Standards Board
FDIC
Federal Deposit and Insurance Corporation
FFIEC
Federal Financial Institutions Examination Council
FIN
Financial Accounting Standards Board Interpretation
FRB
Board of Governors of the Federal Reserve System
FSP
Financial Accounting Standards Board Staff Position
FTE
Fully taxable-equivalent
GAAP
Generally accepted accounting principles in the United
States
IPO
Initial public offering
IRLC
Interest rate lock commitment
LIBOR
London InterBank Offered Rate
MD&A
Management’s Discussion and Analysis of Financial Con-
dition and Results of Operations
OCC
Office of the Comptroller of the Currency
OCI
Other comprehensive income
SBLCs
Standby letters of credit
SEC
Securities and Exchange Commission
SFAS
Financial Accounting Standards Board Statement of Finan-
cial Accounting Standards
SOP
American Institute of Certified Public Accountants State-
ment of Position
SPE
Special purpose entity
Bank of America 2007
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