Regulatory Accounting Principles - RAP
- Regulatory Accounting Principles - RAP
- A comprehensive set of rules and regulations for accounting that were introduced by the Federal Home Loan Bank Board. Regulatory accounting principles were created to assist low net-worth savings and loan associations with meeting capital requirements. These rules allowed S&Ls to amortize such items as gains or losses from sales over long periods of time.
Unfortunately, the introduction of regulatory accounting principles contributed to the downfall of many S&Ls. The relaxed rules enabled many otherwise insolvent institutions to artificially increase their net worths and continue doing business. RAP stands in contrast to GAAP (Generally Accepted Accounting Principles).
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Regulatory Accounting Procedures — ( RAP) Accounting principles required by the FHLB that allow S&Ls to elect annually to defer gains and losses on the sale of assets and amortize these deferrals over the average life of the asset sold. Bloomberg Financial Dictionary … Financial and business terms
Regulatory surplus — The surplus as measured using regulatory accounting principles ( RAP) which may allow the non market valuation of assets or liabilities and which may be materially different from economic surplus. The New York Times Financial Glossary … Financial and business terms
regulatory surplus — The surplus as measured using regulatory accounting principles ( RAP) , which may allow the nonmarket valuation of assets or liabilities ( liability) and which may be materially different from economic surplus. Bloomberg Financial Dictionary … Financial and business terms
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