37:
697:, according to which, for equity instruments, the revaluation gain or loss will be recognized under Other Comprehensive Income whether it be due to normal market fluctuations or impairment. Further, the revaluation gains or losses on equity instruments from Other Comprehensive Income will under no circumstances be recycled into Profit and Loss.
667:
Under US GAAP, AFS assets represent debt securities and other financial investments that are non-strategic, that are neither held for trading, nor held to maturity, nor held for strategic reasons, and that have a readily available market price. As such, the gains and losses resulting from marking
672:
each period) are not included in Net Income (unlike the gains and losses associated with "trading" investments) but are reflected in Other
Comprehensive Income (income statement / retained earnings) and Accumulated Other Comprehensive Income (balance sheet) until they are realized (sold).
681:
Under IFRS, AFS assets are defined as being all financial assets that do not fall into one of the other classifications. As such, the treatment closely follows that of US GAAP. Gains or losses from revaluation of the asset are put through Other
Comprehensive Income in
690:, paragraph 58), or if the asset is sold or otherwise disposed of. If the asset is impaired, sold or otherwise disposed of, the revaluation gain or loss implicit in the transaction is recognised as an income or expense.
778:
648:
301:
286:
291:
600:
451:
155:
52:
306:
296:
62:
358:
486:
363:
311:
254:
395:
348:
706:
644:
726:
686:, except to the extent that any losses are assessed as being permanent and the asset is therefore impaired (under
593:
400:
683:
234:
110:
526:
461:
36:
185:
511:
249:
115:
57:
561:
100:
711:
586:
551:
546:
521:
516:
456:
385:
343:
325:
278:
259:
190:
95:
20:
390:
225:
180:
571:
566:
145:
120:
656:
353:
239:
716:
628:
441:
405:
195:
175:
160:
105:
90:
47:
446:
414:
125:
772:
721:
556:
419:
338:
333:
170:
491:
230:
746:
377:
669:
621:
481:
165:
28:
759:
640:
264:
244:
150:
694:
687:
624:
410:
85:
433:
215:
80:
652:
220:
631:. AFS is one of the three general classifications, along with
668:
AFS investments to market (revaluing them to market price /
693:
Starting in 2018, this treatment will be overridden by
779:
United States
Generally Accepted Accounting Principles
760:"Statement of Financial Accounting Standards No. 115"
707:Accompanying notes to the financial statements
641:U.S. Generally Accepted Accounting Principles
594:
8:
302:International Financial Reporting Standards
601:
587:
15:
738:
651:also includes a fourth classification:
27:
758:Financial Accounting Standards Board,
745:Financial Accounting Standards Board,
292:Generally-accepted auditing standards
7:
307:International Standards on Auditing
14:
364:Notes to the financial statements
312:Management Accounting Principles
35:
747:"Summary of Statement No. 115"
1:
287:Generally-accepted principles
795:
762:Retrieved August 23, 2014.
749:Retrieved August 23, 2014.
727:Other comprehensive income
156:Constant purchasing power
53:Constant purchasing power
643:(US GAAP), specifically
487:Accounting organizations
475:People and organizations
235:Amortization (business)
359:Management discussion
684:Shareholders' Equity
326:Financial statements
279:Accounting standards
712:Accounting standard
552:Earnings management
522:Positive accounting
396:Double-entry system
386:Bank reconciliation
191:Revenue recognition
614:Available for sale
527:Sarbanes–Oxley Act
462:Sarbanes–Oxley Act
391:Debits and credits
226:Cost of goods sold
181:Matching principle
663:US GAAP Treatment
627:used to classify
611:
610:
572:Two sets of books
567:Off-balance-sheet
209:Selected accounts
146:Accounting period
786:
763:
756:
750:
743:
637:held to maturity
633:held for trading
629:financial assets
603:
596:
589:
39:
16:
794:
793:
789:
788:
787:
785:
784:
783:
769:
768:
767:
766:
757:
753:
744:
740:
735:
717:Financial asset
703:
679:
665:
607:
578:
577:
576:
541:
533:
532:
531:
506:
498:
497:
496:
476:
468:
467:
466:
436:
426:
425:
424:
380:
370:
369:
368:
328:
318:
317:
316:
281:
271:
270:
269:
210:
202:
201:
200:
196:Unit of account
176:Historical cost
161:Economic entity
140:
132:
131:
130:
75:
67:
48:Historical cost
12:
11:
5:
792:
790:
782:
781:
771:
770:
765:
764:
751:
737:
736:
734:
731:
730:
729:
724:
719:
714:
709:
702:
699:
678:
677:IFRS Treatment
675:
664:
661:
609:
608:
606:
605:
598:
591:
583:
580:
579:
575:
574:
569:
564:
559:
554:
549:
543:
542:
539:
538:
535:
534:
530:
529:
524:
519:
514:
508:
507:
504:
503:
500:
499:
495:
494:
489:
484:
478:
477:
474:
473:
470:
469:
465:
464:
459:
454:
449:
444:
438:
437:
432:
431:
428:
427:
423:
422:
417:
415:General ledger
408:
403:
398:
393:
388:
382:
381:
376:
375:
372:
371:
367:
366:
361:
356:
351:
346:
341:
336:
330:
329:
324:
323:
320:
319:
315:
314:
309:
304:
299:
294:
289:
283:
282:
277:
276:
273:
272:
268:
267:
262:
257:
252:
247:
242:
237:
228:
223:
218:
212:
211:
208:
207:
204:
203:
199:
198:
193:
188:
183:
178:
173:
168:
163:
158:
153:
148:
142:
141:
138:
137:
134:
133:
129:
128:
123:
118:
113:
108:
103:
98:
93:
88:
83:
77:
76:
73:
72:
69:
68:
66:
65:
60:
55:
50:
44:
41:
40:
32:
31:
25:
24:
13:
10:
9:
6:
4:
3:
2:
791:
780:
777:
776:
774:
761:
755:
752:
748:
742:
739:
732:
728:
725:
723:
722:Balance sheet
720:
718:
715:
713:
710:
708:
705:
704:
700:
698:
696:
691:
689:
685:
676:
674:
671:
662:
660:
658:
654:
650:
646:
642:
638:
634:
630:
626:
623:
619:
615:
604:
599:
597:
592:
590:
585:
584:
582:
581:
573:
570:
568:
565:
563:
560:
558:
557:Error account
555:
553:
550:
548:
545:
544:
537:
536:
528:
525:
523:
520:
518:
515:
513:
510:
509:
502:
501:
493:
490:
488:
485:
483:
480:
479:
472:
471:
463:
460:
458:
455:
453:
450:
448:
445:
443:
440:
439:
435:
430:
429:
421:
420:Trial balance
418:
416:
412:
409:
407:
404:
402:
401:FIFO and LIFO
399:
397:
394:
392:
389:
387:
384:
383:
379:
374:
373:
365:
362:
360:
357:
355:
352:
350:
347:
345:
342:
340:
339:Balance sheet
337:
335:
334:Annual report
332:
331:
327:
322:
321:
313:
310:
308:
305:
303:
300:
298:
295:
293:
290:
288:
285:
284:
280:
275:
274:
266:
263:
261:
258:
256:
253:
251:
248:
246:
243:
241:
238:
236:
232:
229:
227:
224:
222:
219:
217:
214:
213:
206:
205:
197:
194:
192:
189:
187:
184:
182:
179:
177:
174:
172:
171:Going concern
169:
167:
164:
162:
159:
157:
154:
152:
149:
147:
144:
143:
136:
135:
127:
124:
122:
119:
117:
114:
112:
109:
107:
104:
102:
99:
97:
94:
92:
89:
87:
84:
82:
79:
78:
71:
70:
64:
61:
59:
56:
54:
51:
49:
46:
45:
43:
42:
38:
34:
33:
30:
26:
22:
18:
17:
754:
741:
692:
680:
666:
636:
632:
617:
613:
612:
492:Luca Pacioli
413: /
233: /
231:Depreciation
139:Key concepts
111:Governmental
657:receivables
505:Development
482:Accountants
378:Bookkeeping
297:Convergence
255:Liabilities
186:Materiality
74:Major types
733:References
670:fair value
622:accounting
540:Misconduct
166:Fair value
116:Management
58:Management
29:Accounting
562:Hollywood
442:Financial
344:Cash-flow
101:Financial
773:Category
701:See also
639:, under
620:) is an
547:Creative
517:Research
447:Internal
434:Auditing
250:Goodwill
245:Expenses
96:Forensic
21:a series
19:Part of
647:. The
645:FAS 115
512:History
406:Journal
265:Revenue
151:Accrual
695:IFRS 9
688:IAS 39
457:Report
411:Ledger
354:Income
349:Equity
260:Profit
240:Equity
216:Assets
121:Social
86:Budget
653:loans
452:Firms
81:Audit
655:and
649:IFRS
635:and
625:term
221:Cash
106:Fund
91:Cost
618:AFS
126:Tax
63:Tax
775::
659:.
23:on
616:(
602:e
595:t
588:v
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