Brokerage Accounting
Examine how a brokerage firm records and reflects the range of trades, security movements, cash movements and adjustment activities on their internal accounting system. As part of our focus we explore how these internal records are used to satisfy financial and regulatory reporting requirements. Topics to be addressed include trade calculation, income processing, margin, segregation controls
CPE Credits: 14
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Module 1: THE BASICS
- Terminology & Definitions
- Typical securities transaction
- General Ledger
Module 2: BROKER / DEALER FINANCIAL ACCOUNTING
- Typical Organization Structure
- Front Office
- Middle Office
- Back-Office
- Books & Records
- Brokerage Accounting
- Analysis of Relevant Transactions
- Margin requirements
Module 3: STOCK RECORD ACCOUNTING
- Concepts
- Terminology
Module 4: REGULATORS & MAJOR REGULATIONS:
- Historical Overview
- Regulatory Infrastructure
- FOCUS
- SEC Uniform Net Capital Rule
- SEC Customer protection Rule