INTL FCStone 2011 Annual Report Download - page 122

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INTL FCSTONE INC.Form10K108
PART II
SCHEDULE II INTL FCStone Inc.Valuation and Qualifying Accounts
SCHEDULE II INTL FCStone Inc.Valuation and
Qualifying Accounts
(in millions)
ose reserves which are deducted in the Consolidated
Financial Statements from Receivables
Balance at
Beginning of
Period
Additions
Deductions
Balance at
End of Period
Charged to Costs
and Expenses
Charged to
Other Accounts
Fiscal Year Ended September30,2011:
Allowance for doubtful accounts and notes $ 119.2 $ 3.5 $ 2.5 $ (113.3) $ 11.9
Fiscal Year Ended September30,2010:
Allowance for doubtful accounts and notes $ 123.4 $ 1.6 $ — $ (5.8) $ 119.2
Fiscal Year Ended September30,2009:
Allowance for doubtful accounts and notes(1) $ — $ — $ 123.4 $ — $ 123.4
(1) In connection with the acquisition of FCStone Group,Inc. effective on September30,2009, after applying purchase accounting, the Company recorded receivables
and notes receivable from customers of $30.6million, net of allowance for doubtful accounts and notes of $123.4million.
ITEM 9 Changes in and Disagreements with
Accountants on Accounting and Financial
Disclosure
None.
ITEM 9A Controls and Procedures
Evaluation of Disclosure Controls and Procedures
In connection with the ling of this Form10-K, the Company’s
management, including the principal executive o cer and principal
nancial o cer, evaluated the e ectiveness of the design and
operation of the Company’s disclosure controls and procedures
(as such term is de ned in Rules 13a-15(e) and 15d-15(e) under
the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) as of September30,2011. e Company’s disclosure
controls and procedures are designed to provide reasonable
assurance that information required to be disclosed in reports that
we fi le or submit under the Exchange Act is recorded, processed,
summarized and reported within the time periods specifi ed in
SEC rules and forms. ese controls and procedures are also
designed to ensure that such information is accumulated and
communicated to our management, including our principal
executive and principal fi nancial offi cers, as appropriate, to allow
timely decisions regarding required disclosure. Based on the
evaluation, the Company’s principal executive offi cer and principal
fi nancial offi cer have concluded that the Company’s disclosure
controls and procedures were eff ective as of September30,2011.