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 SECURITIES CLASSIFIED AS HELD-TO-MATURITY
In this section we will cover the accounting requirements for fixed income security investments. The accounting treatment under the US GAAP is covered by the topic 825 and other topics as given below. Under the International Financial Reporting Standards, IAS 39 deals with this along with IAS 32, & IFRS 7. The new IFRS 9 which is eventually a replacement of IAS 39 also deals with this. Table 4.1 gives the relevant accounting standards relevant for this topic.
Table 4.1 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 |
| 815—Derivatives and Hedging | IAS 21—The Effects of Changes in Foreign Exchange Rates |
| 820—Fair Value Measurements and Disclosures | IAS 32—Financial Instruments: Presentation |
| 825—Financial Instruments | IAS 36—Impairment of Assets |
| 830—Foreign Currency Matters | IAS 39—Financial Instruments: Recognition and Measurement |
| 946—Financial Services—Investment Companies |
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