§ 40.304. Uniform Classification of Accounts.
10 CA ADC § 40.304Barclays Official California Code of Regulations
10 CCR § 40.304
§ 40.304. Uniform Classification of Accounts.
An industrial loan company shall use the following account numbers and titles. Additional accounts to be used must have titles that are adequately explanatory and must be numbered under the appropriate grouping. However, an industrial loan company formed prior to Janaury 1, 1974 may use a different series of account numbers and titles, provided a cross-index is maintained which shows the account numbers and titles required by this section opposite the corresponding account numbers and titles used by such industrial loan company.
CHART OF ACCOUNTS ASSET ACCOUNTS |
Account No. | Account Name |
CASH |
1000 | This series of accounts shall include cash on hand, change funds, petty cash funds, and all deposits in banks or trust companies including time certificates of deposit. |
INVESTMENTS |
1100 | This account or series of accounts shall contain investments made pursuant to Section 18022 of the Financial Code. |
1200 | Allowance for Decline of Market Value of Investments Below Cost. |
RECEIVABLES |
1300 | Loans Receivable--Precomputed. |
1320 | Loans Receivable--Interest-Bearing. |
1340 | Conditional Sale Contracts. |
1350 | Direct Lease Obligations. |
1360 | Floorings. |
1380 | Factoring. |
1390 | Other Receivables. This series of accounts shall include any other obligations receivable acquired under the Industrial Loan Law. |
1400 | Unearned Charges--Loans. |
1440 | Unearned Discount--Contracts. |
1450 | Unearned Charges--Direct Lease Obligations. |
1460 | Other Deferred Income. |
1480 | Reserve for Losses. |
1485 | Special Reserves--Delinquent Real Estate Accounts. |
1490 | Dealers Reserves and Withholds. In addition to the above accounts this series shall include any other unearned income, deferred credits, or reserves applicable to the receivables. |
COMPANY PROPERTY |
1500 | This series of accounts shall include land and buildings owned and occupied, including land used for parking, office furniture, fixtures and equipment, automobiles, and leaseholds and improvements. |
1600 | This account or series of accounts shall be used to record depreciation and amortization of company property. |
REAL PROPERTY HELD FOR SALE |
1700 | Real Property Held for Sale. |
1710 | Accumulated Depreciation--Real Property Held for Sale. |
1720 | Allowance for Losses on Real Property Held for Sale. The above accounts shall be used for real property acquired through foreclosure or in satisfaction of debts previously contracted. |
1725 | Special Reserve--Real Property Held for Sale. |
1730 | Notes Payable Secured by Real Property Held for Sale. This account shall be used to record the amounts of any senior liens on real property recorded in Account No. 1700. |
CONTRACTS OF SALE REAL PROPERTY |
1750 | Contracts of Sale--Real Property. This account shall be used to record sales of real property on contracts of sale. |
1760 | Deferred Profit on Contracts of Sale--Real Property. This account may be used to record any profit from the sale of real property that has been deferred. |
1780 | Notes Payable Secured by Real Property on Contracts of Sale. This account shall be used to record the amounts of any senior liens on real property sold on contracts of sale. |
OTHER ASSETS |
1800 | Misc. Receivables. |
1820 | Prepaid Expenses. |
1850 | Deferred Charges. |
1870 | Other Assets. |
1900 | This series of accounts shall be used to record assets not classified specifically in other accounts. |
LIABILITY ACCOUNTS |
Account No. | Account Name |
INVESTMENT CERTIFICATES |
2000 | Installment Investment Certificates. |
2100 | Full-Paid Investment Certificates. |
2150 | Accrued Interest on Investment Certificates. |
BORROWINGS |
2200 | Notes Payable--Banks. |
2300 | Notes Payable--Parent Company or Affiliate. |
2400 | Notes Payable--Other. |
2450 | Accrued Interest on Borrowings. |
OTHER LIABILITIES |
2500 | Notes Payable on Company Premises. |
2600 | Accounts Payable. |
2700 | Income Taxes Accrued or Payable. |
2800 | Other Accruals and Payables. |
2900 | Other Liabilities. |
2950 | This series of accounts shall be used to record liabilities not classified specifically in other accounts. |
CAPITAL ACCOUNTS |
3000 | Capital Stock. This account shall reflect at least the par value of outstanding shares. |
3100 | Paid-in Surplus. This account shall include the premiums on the sale of shares, contributions by stockholders and may include amounts transferred from earned surplus. |
3200 | Earned Surplus. |
PROFIT AND LOSS ACCOUNTS |
INCOME |
4000 | Charges Earned on Loans. |
4100 | Discount Earned on Contracts. |
4150 | Charges Earned on District Lease Obligations |
4200 | Charges Earned on Floorings. |
4300 | Discount Earned on Factoring and Other Purchased Obligations. |
4400 | Late, Extension and Collection Charges. |
4500 | Insurance Commissions. |
4600 | Income on Investments. |
4700 | Rental Income--Company Premises. |
4750 | Rental Income--Real Property Held for Sale. |
4800 | Gain on Sale of Real Property. |
4850 | Real Property Appraisal Fees. |
4900 | Misc. Income. |
EXPENSES |
5000 | Direct Leasing Expenses. |
5100 | Advertising and Promotion. |
Account No. | Account Name |
5200 | Thrift Guaranty Corporation Assessment. |
5300 | Insurance and Bond Premiums. |
5400 | Legal Services and Expense. |
5500 | Professional Audit and Accounting Services. |
5600 | Data Processing Expense. |
5700 | State Supervisory Examinations and Assessments. |
5800 | Occupancy Expenses. |
5900 | Provision for Losses. |
6000 | Directors' Fees and Expenses. |
6100 | Officers' Salaries and Bonuses. |
6200 | Employees' Salaries and Bonuses. |
6300 | Management Fees. |
6400 | Contribution to Retirement, Pension, Annuity and Similar Plans. |
6500 | Losses on Real Property Held for Sale. |
6600 | Expenses of Real Property Held for Sale. |
6700 | License Fees and Taxes. |
6800 | Telephone and Telegraph. |
6900 | Travel. |
7000 | Depreciation of Company Property. |
7100 | Other Administrative and Operating Expenses. |
7200 | Certificate Interest 7300 Interest on Borrowed Funds. |
7400 | Provision for Income Taxes |
Credits
Note: Authority cited: Section 18347, Financial Code. Reference: Section 18029, Financial Code.
History
1. Change without regulatory effect renumbering and amending former section 1137 to new section 40.304 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 10, § 40.304, 10 CA ADC § 40.304
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