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Sfas 115 (Example)

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 SFAS 115 Student Name Institution What are the three categories of SFAS 115? The FASB Statement of Financial Accounting Standards (SFAS) No. 115 which provides guidelines on how to account for certain investments in equity and debt security requires investments to be grouped into three facets. The three categories are based on the intention of the management. They include: those held till the maturity date for trading/marketing purposes and available-for-sale investments (Financial Accounting Standards Board 1993). The aim of this paper is to discuss the three categories of SFAS 115. A held-to-maturity security refers to an investment made by a company with available-for-sale. Investments that are held till maturity can only be debt securities are recorded at an amortized cost. Securities that companies hold for purposes of marketing/trading are reported at their market price. Finally Companies ought to report the securities they hold for sale at their fair value. References Financial Accounting Standards Board. (1993). Statement of Financial Accounting Standards (No. 115). Financial Accounting Standards Board. Lifschutz S. (2011). The effect of SFAS 115 on earnings management in the banking industry. Journal of Applied Business Research (JABR)  18(4). Schultz S. M. & Hollister J. (2011). Lobbying FASB on accounting for investments. Journal of Applied Business Research (JABR)  19(2). [...]

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Mark which question or statement you are answering. Also use examples to demonstrate comprehension. If referencing is going to be used, please use the most current information and from the USA. The writing should be in correct grammar and spelling. What are the three categories of SFAS 115? How is the purchase of the investment for each category reported and how are dividends for each category reported? How do we treat unrealized gains and losses under each method? How are the unrealized gains and losses reported? Please explain depreciation, depletion, and amortization and give examples of assets that use each one.

Subject Area: Accounting

Document Type: Paraphrasing

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09.28.2016

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