Accounting for securitizations.
讨论了资产证券化的会计处理，包括资产组合转移、证券化作为销售或融资的区别、发起人破产的影响以及收入确认方法。
Abstract Discusses asset securitization. Transfer of a portfolio of plans by an originator to a Special Purpose Entity; Securitization as a sale or a financing; Collateralized borrowing versus sales; Impact of originator's bankruptcy on securitization; Illustrations of sales versus pledging of assets; Allocation of ownership rights and obligations in securitization; Income recognition under the financial-components paradigm.