July 2011
Intermediate to advanced
741 pages
17h 32m
English
book
Accounting for Investments, Volume 2: Fixed Income Securities and Interest Rate Derivatives—A Practitioner's Guide
by R. Venkata Subramani
Content preview from Accounting for Investments, Volume 2: Fixed Income Securities and Interest Rate Derivatives—A Practitioner's Guide
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ACCOUNTING FOR FIXED INCOME SECURITIES
In this section we will cover the accounting requirements for fixed income security investments that are classified as available-for-sale purposes. The accounting treatment under the US GAAP for both these categories is covered by the following topics. The relevant International Financial Reporting Standards, IAS (International Accounting Standard) are also given, as shown in Table 3.1.
Table 3.1 Relevant accounting standards
| US GAAP Topics | IFRS |
| 220—Comprehensive Income | IFRS 7—Financial Instruments: Disclosure |
| 320—Investments—Debt and Equity Securities | IFRS 9—Financial Instruments |
| 820—Fair Value Measurements and Disclosures | IAS 21—The Effects of Changes in Foreign Exchange Rates |
| 825—Financial Instruments | IAS 32—Financial Instruments: Presentation |
| 830—Foreign currency Matters | IAS 36—Impairment of Assets |
| 946—Financial Services—Investment Companies | IAS 39—Financial Instruments: Recognition and Measurement |
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