Compare and contrast the pronouncements for equity investments: SFAS No. 115 and International accounting standard IAS No. 39 and 40. State the similaries and differences.
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Compare and contrast the pronouncements for equity investments: SFAS No. 115 and International accounting standard IAS No. 39 and 40.
State the similaries and differences.
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- Analyze the conceptual framework of the pronouncement on equity investments under the international accounting standard IAS No. 39 and 40. Talk specifically about conservatism, comparability, relevance, neutrality, and representational faithfulness.Identify and explain the different types of classificationsfor investments in equity securities.Investments in equity securities are classified in one of three different ways, based on ownership percentage. Identify the three ways and the characteristics of each, including how the accounting differs ??
- All of the following are key similarities between GAAP and IFRS with respect to accounting for investments except:(a) IFRS and GAAP require the same accounting for equity securities.(b) IFRS and GAAP apply the equity method to significant influence equity investments.(c) IFRS and GAAP have a fair value option for financial instruments.(d) the accounting for impairment of investments is similar, although IFRS allows recovery of impairment losses.All of the following are key similarities between GAAP and IFRS with respect to accounting for investments except: a. IFRS and GAAP require the same accounting for equity securities. b. IFRS and GAAP apply the equity method to significant influence equity investments. c. IFRS and GAAP have a fair value option for financial instruments. d. the accounting for impairment of investments is similar, although IFRS allows recovery of impairment losses. 2. Which of the following statements is correct?Under IFRS No. 9, which reporting categories are used to account for equity investments when the investor lacksthe ability to significantly influence the operations of the investee?
- Among the following five types of investments: Held-to-maturity, debt investment Trading, debt investment Available-for-sale, debt investment Trading, equity investment Available-for-sale, equity investment unrealized holding gains or losses are recorded as other comprehensive income for securities classified as (Enter 1, 2, 3, or 4 that represents the correct answer): c, e a, b, c b, d b, c, d, eQuestions ૨ The Common Characteristics of the Following Investment Vehicles a) Alternative Investments b) Poland Investments c) Bonds d) EquityAmong the following five types of investments: Held-to-maturity, debt investment Trading, debt investment Available-for-sale, debt investment Trading, equity investment Available-for-sale, equity investment unrealized holding gains or losses are recognized in income for securities classified as (Enter 1, 2, 3, or 4 that represents the correct answer): c, e a, b, c b, d b, c, d, e
- Investment documents are discussed in this week’s chapters. How does the accounting for investments vary according to the type of investment (i.e., negotiable documents, available-for-sale documents and documents held until maturity)? What are the differences between debt and equity documents?For which of the following securities will unrealized holding gains or losses be recorded as other comprehensive income? Enter 1, 2, 3, or 4 that represents the correct answer. Debt investments, trading. Debt investments, held-to-maturity. Equity investments, trading. Equity investments, available-for-sale.A entity's policy regarding which short-term, highly liquid investments it classihes as cast equivalents is usually disclosed in its financial statement note disclosures