A set of accounting rules and regulations intended to help savings and loan associations with low net worth meet capital requirements. Though well-intended, the relaxed requirements contributed to the savings and loans crisis of the 1980s by allowing insolvent S&Ls to inflate their net worth. RAP rules were replaced with stricter standards by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
Related information about regulatory accounting principles (RAP):
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A comprehensive set of rules and regulations for accounting that were introduced by the Federal Home Loan Bank Board. Regulatory accounting principles ...
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Regulatory Accounting Principles (RAP) Accounting rules and procedures authorized in the 1980s by the Federal Home Loan Bank Board to assist savings and.
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Definition of regulatory accounting principles (RAP): A set of accounting rules and regulations intended to help savings and loan associations with low net worth ...
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... to fulfill their responsibilities, using regulatory accounting principles (RAP) in general purpose financial statements would require independent accountants to ...
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... to fulfill their responsibilities, using regulatory accounting principles (RAP) in general purpose financial statements would require independent accountants to ...
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A comprehensive set of rules and regulations for accounting that were introduced by the Federal Home Loan Bank Board. Regulatory accounting principles ...
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Dec 1, 1989 ... To resolve the conflict...some type of OCBOA, such as regulatory accounting principles (RAP). Under...differs from statements using GAAP in ...
- Karen Abajian, CPA | LinkedIn
Ensuring the records of the company were maintained accurately and in compliance with regulatory accounting principles (RAP) and generally accepted ...