Question

After graduation, you work for a few years at a major accounting firm and advance to Senior.

However, as part of this role, you start working on a client that is different from your other

background: specifically, a major bank located in San Francisco. This bank primarily takes

deposits from retail and business customers and lends money out to others. The accounting seems

to be completely different from what you are used to and so you go to the Codification to find out

what the accounting standards for this industry consist of. Describe the major classes of

transactions undertaken by this sort of entity and how they should be accounted for.

Answer 1

Given condition in Question ? After graduation, I work for a few years at a major accounting firm and advance to senior. other Start working on a client that is different from my background- e Major classes of tugnsactions ond how they should be accounted far-o o since, I have worked for a long time in an accounting firm, so I will have some ideas about accounting, no doubt this client is quite different but I will personaly contanct the Senior account wys for this case and g will take some formulas and ideas how to come hove this case. g hope because of my long experience of years g would be able very soon to get about tor doing this work.