ACC Discussion
2 Pages

ACC Discussion

Course Number: ACCOUNTING 101, Spring 2011

College/University: Abu Dhabi University

Word Count: 435

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(a) Why do you suppose Union Planters purchases investments, rather than simply making loans? Why does it purchase investments that vary in nature both in terms of their maturities and in type (debt versus stock)? 1. They may have excess funds that they havent loaned out yet and instead of having the money just sit there the bank manager may decide that it could earn more revenue by choosing to invest. 2....

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Why (a) do you suppose Union Planters purchases investments, rather than simply making loans? Why does it purchase investments that vary in nature both in terms of their maturities and in type (debt versus stock)? 1. They may have excess funds that they havent loaned out yet and instead of having the money just sit there the bank manager may decide that it could earn more revenue by choosing to invest. 2. Depending on the situation the bank manager may also feel that they can make more money by investing the excess funds rather than lending the money out. For example right now interest rates are at an all-time low and they may feel like the return on the interest is not enough compared to investing. 3. The bank manager may feel that these investments will mature and be worth more in the future so they may choose to hold long term to create more revenue. (b) How must Union Planters account for its investments in each of the two categories? 1. Trading securities Balance sheet at fair market value a. Gain/Loss reported as part of income 2. Available-for-Sale Balance sheet at fair market value a. Gain/Loss Comprehensive income/ separate from Stockholders equity until realized 3. Held to-Maturity reported at amortized cost Planters had none (c) In what ways does classifying into investments two different categories assist investors in evaluating the profitability of a company like Union Planters? The categories will be different because it assumes there will be some form of unrealized gains or losses at some point. Without different categories the investor may not know which will be short term or long term gains/losses. Example Trading securities likely to be sold quickly and have the gain realized Available for sale may not be sold in the short term, may not be realized for several years. (d) Suppose that the management of Union Planters was not happy with its net income for the year. What step could it have taken with its investment portfolio that would have definitely increased reported profit? How much could it have increased reported profit? Why do you suppose it chose not to do this? By selling securities that have gains in the available-for-sale category planters could have increased their profit. They may not have sold because management felt the price of the securities would increase or they were at a tax level they liked and did not want to increase their tax payments. Planters may have also chose not to sell because they liked their financial leverage where it was at and decided to keep the assets/liabilities where they were.

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Abu Dhabi University - ACCOUNTING - 101
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