Investments & Securities

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Trading Securities are:
Initially recorded at __________
Reported at __________
Changes in FV are reported as ____________ as a part of _______
- Cost
- Fair Value
- Unrealized Holding gains and losses, Net Income
Available for Sale Securities are:
Initially recorded at ________
Repoted at ____________
Changes in FV are reported as _________ as a part of _____
- Cost
- Fair Value
- Unrealized Holding Gains and Losses; OCI
Held to Maturity Securities are:
Intially recorded at ________
Recorded at _________ value
Changes in FV are __________
- Cost
- Ammortized value (Net value of Discount/Premium)
- Not reported
Account used to record changes in FV for AFS and TS

FV Adjustment (AFS or TS) - is a valuation account that can increase OF decrease value of an asset
How to record unrealized G & L for AFS:
- Dr. FV Adjustment (AFS)
- Cr. Net Unrealized Holding Gains and Losses - OCI
How to record unrealized G&L TS:
- Dr. FV Adjustment (TS)
- Cr. Net Unrealized Holding Gains and Losses - N/I
Passive Interest defintion and accouting method:

Holding less than 20% - Fair value
Significant Influence definintion and accounting method:
- Holding from 20% - 50%
- Equity Method
Controlling Interest definintion and accounting method:
- Holdings > 50%
- Consolidated financial statements
Equity Method:
Record investment at ________
Record ___of_____ as a _______ of ______ based on ____
Record ______ based on _____ of _____ payments
- Cost
- Revenue or Loss; percentage of ownership; based on Net Income - INC/DEC of INVS
- decrease in INVS; % ownership of dividend
SPECIAL NOTE TO EQUITY METHOD:
Must make sure to record _______ of assets based on ___ of ______

deprectiaion; % of ownership

Author

rjfisher

133490

Card Set

Investments & Securities

Description

Investments & Securities

Updated

2012-02-07T17:12:57Z

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