Hey! i’ll like to know if someone can help me in this topic, i can’t find a bibliografhy to study this kind onf accounts does somebody can recomend me a nice book?
I already find somethink on the internet but it’s not enaugth, what i found it’s the next
• Memorandum Account (Investor Relations Glossary)
Records the relative guarantees given directly or indirectly, at the balance sheet date and are reported at the end of the balance sheet.
http://eng.gruppohera.it/group/hera_ondemand/glossary/27M.html
Special Memorandum Account – SMA
A special account where excess margin generated from a client’s margin account is deposited. Also known as “special miscellaneous account”.
Investopedia Says:
The purpose of an SMA is to lock in any gains realized in a client’s margin account. Consider the situation where stock within a client’s margin account realizes a capital gain and creates excess margin. If this excess amount is held in the account and the stock position produces a capital loss at a later date, the client would lose his or her gain entirely.
An SMA can also hold interest and dividend payments from long positions and proceeds from closing out a securities position. Clients can use funds in their SMA to purchase additional securities for their margin account.
http://www.answers.com/topic/special-memorandum-account-sma
Memorandum Accounts
9000-1
Definition: This series of accounts represent statistical data not otherwise
available within account balances. These accounts are not used for balance
sheet presentation. The SGL Crosswalk expanded to include DOE Memorandum
http://www.cfo.doe.gov/efasc/frad/mars/9memo.pdf
12 C.F.R. § 220.5 Special memorandum account.
Title 12 - Banks and Banking
Title 12: Banks and Banking
PART 220—CREDIT BY BROKERS AND DEALERS (REGULATION T)
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§ 220.5 Special memorandum account.
(a) A special memorandum account (SMA) may be maintained in conjunction with a margin account. A single entry amount may be used to represent both a credit to the SMA and a debit to the margin account. A transfer between the two accounts may be effected by an increase or reduction in the entry. When computing the equity in a margin account, the single entry amount shall be considered as a debit in the margin account. A payment to the customer or on the customer’s behalf or a transfer to any of the customer’s other accounts from the SMA reduces the single entry amount.
(b) The SMA may contain the following entries:
(1) Dividend and interest payments;
(2) Cash not required by this part, including cash deposited to meet a maintenance margin call or to meet any requirement of a self-regulatory organization that is not imposed by this part;
(3) Proceeds of a sale of securities or cash no longer required on any expired or liquidated security position that may be withdrawn under §220.4(e); and
(4) Margin excess transferred from the margin account under §220.4(e)(2).
http://law.justia.com/us/cfr/title12/12-3.0.1.1.1.0.1.5.html
070201. The Treasury Financial Manual (TFM), USSGL Supplement, Section I: Chart of Accounts along with DoD specified USSGL accounts 4540 through 4580, listed and defined in Figure 7-2 of this chapter, provide the basic structure for the DoD USSGL. The USSGL contains budgetary, proprietary, and memorandum accounts. The budgetary, proprietary, and memorandum sets of general ledger accounts are each self-balancing (the total debits equals the total credits). For accounting related business events, USSGL transactions provide debit and credit entries for budgetary, proprietary, and memorandum accounts. The United States Treasury has responsibility for maintaining the TFM USSGL.
http://www.defenselink.mil/comptroller/fmr/01/01_07.pdf
Thanks Suri
