Required: 1. Examine the selected details of Citigroup's credit loss experience. accounting...

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Accounting

Required:
1. Examine the selected details of Citigroup's credit loss experience.
accounting standards (based on financial information as of December 31,2009), reflecting immediate implementation of the recently issued final risk-based capital rules regarding SFAS 166 and SFAS 167, would be as follows:
Tier 1 Capital
Total Capital
As of December 31,2009
As Reported Pro Forma
11.67%
10.26%
15.25%
13.82%
Required:
1. Examine the selected details of Citigroup's credit loss experience.
a. How does the dollar amount of loans charged off in 2009 compare with that of 2008?
b. How much was added to the Provision for loan losses in 2009?
c. What is the trend in the allowance for loan losses as a percentage of total loans over the period 2005-2009?
2. What is the effect of having to comply with SFAS 166 and SFAS 167 on Citigroup's capital ratios? Briefly explain why this effect occurs. Refer to the Doyle National Bank discussion earlierinthebook.
the above question is from financial statement analysis in connect chapter 9 sum 9-2 from the book by revsine,financial reporting and analyses, edition 8e lawrence revsine 8e
Case Study: Write a thorough and detailed solution to Case Study C9-2 about Citigroup at the end of Chapter 9. Your response should be 4 to 5 pages long, double-spaced. Please use APA format.

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