This book is an authoritative guide to the accounting and disclosure rules for financial institutions and instruments. It provides guidance from a "fair value" perspective and demonstrates the simplest and most natural measurement basis for reporting financial instruments, as is relevant for thrifts, mortgage banks, commercial banks, and property-casualty and life insurers.

Financial Reporting for Financial Instruments develops the foundational knowledge related to financial instruments and the markets in which they trade, financial institutions and their internal decision-making and external circumstances, and currently required and credible alternative financial reporting for financial instruments. While the main focus is the financial reporting for financial instruments, the author also considers financial reporting by financial institutions. Particularly commercial banks and thrifts for the following reasons: First, financial institutions are the largest...