Financial Reporting - Investments

  1. Investments must be reported at _____ _______:
    Fair value
  2. Investments must be reported at fair value for which funds:
    • Governmental
    • Proprietary
    • Fiduciary
  3. GASB #52 established that ______ and ______ investments must be reported at fair value:
    land and real estate investments held by endowments
  4. According to GASB #53, when reporting for derivatives, which types of information is required in the disclosure:
    • Instrument type: swap, lock, options, cap, collar, futures
    • Objectives, terms and risks
    • Methods and assumptions used to determine fair value
Author
playboy35
ID
134666
Card Set
Financial Reporting - Investments
Description
Financial Reporting - Investment
Updated