0
Summarize the different ways to report the gain or loss on the various types of investments and explain how this treatment is in compliance with GAAP principles?
Wiki User
∙ 14y ago
Please summarize the different ways to report the gain or loss on the various types of investments and explain how this treatment is in compliance with GAAP principles.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Are there different types of GAAP General accepted accounting principles?
GAAP is nothing but a set of principles followed by a company which helps it to manage effectively and compare the profits and losses of different accounting periods.there are many such principles.
Different account titles?
There are many different account titles in a general ledger. There are a petty cash, sick leave accrual, petty cash, equipment, buildings, land, and investments.
Identify two important issues in international accounting today?
The two important issues affecting international accounting today are the different accounting standards or principles being used by businesses around the world; and lack of ethical principles within the accounting profession i.e. driven by agency theory. The different accounting principles have created the problem of comparability and increased in costs to the industries that fetch the services of accountant. The lack of ethical principles have led to the failure of companies.
Are total sales and total revenue the same thing?
Total sales and total revenue are slightly different. Revenue is any type of money or income that is coming into the company, which may not always be a form of sales. Sometimes a company or business may receive revenue from investments, which is different from when it is selling an item. Sales are a part of a company's total revenue.
Why do accounting systems of different countries differ?
Accounting systems of different countries differ because accounting is shaped by the environment in which it operates. Each country's accounting system has evolved in response to the local demands for accounting information. Because of globalization of capital markets, the lack of comparability has become a problem as transnational financing and transnational investments have grown rapidly in recent decades. Due to the lack of comparability, a firm may have to explain to investors why its financial position looks very different on financial reports that are based on different accounting practices.
Why would two investments with the same annual rate may not be equal with respect to the interest they return?
We can think of two ways that could happen: 1). The initial investment amounts (the principles) may be different. 2). Interest on the two investments may be compounded at different intervals.
What does it mean to be diversified in your investments?
Spreading out your risk by having different investments.
Can you inform me about diversified investments?
Diversified investments are investments in different types of companies that are in different industries and sectors. The reason why this is highly recommended is because this makes sure your investments do not take a big hit if something wrong happens to one certain sector.
What are 3 different ways you can record or summarize data?
graphs,data and illustration
What compliance courses are offered by The international Compliance Association?
The International Compliance Association offers courses in Anti Money Laundering Awareness, Compliance Awareness, and Financial Crime Prevention. The classes are held in different cities and times. The schedule can be found on the INT-company website.
Which companies are not meeting regulatory compliance?
Many companies in myriad different industries are not meeting regulatory compliance. Sunrise Travel Club in the United States, for instance, does not do this.
Are there different types of GAAP General accepted accounting principles?
GAAP is nothing but a set of principles followed by a company which helps it to manage effectively and compare the profits and losses of different accounting periods.there are many such principles.
What is a brokerage firm?
A discount brokerage firm will help you with different types of investments. They will help you match up your money with types of investments that best fit your financial goals.
What are the 3 different ways you could record or summarize data in your science journal?
Tables,charts and graphs.
Which principles of experimental design reduce errors due to chance by repeating an experiment on different subjects under different conditions?
There are no following principles listed in the question.
What are the different types of stakeholders and key principles which underpin the stakeholder concept?
Different Types:stock holders or ownersemployeescustomerssuppliersneighborslenders (of financial resources)Don't know about the principles. Sorry.
What stocks to you invest in your fidelity investment?
Everyone has different needs and expectations for their investments, so before investing, speak to a financial planner so your investments will prepare you for the future that you want.
