Investment companies technical practice aids issued.
The AICPA AICPA
See American Institute of Certified Public Accountants (AICPA). staff issued accounting Technical Practice Aid Questions and Answers in response to frequently asked questions on the following topics:
* Recognition of Premium/Discount on Short Positions in Fixed-Income Securities Fixed-income securities
Investments that have specific interest rates, such as bonds.
* Presentation of Reverse Repurchase Agreements Reverse Repurchase Agreement
The purchase of securities with the agreement to sell them at a higher price at a specific future date.
For the party selling the security (and agreeing to repurchase it in the future) it is a repo for the party on the other end of the
* Accounting treatment of offering costs incurred by investment partnerships
* Meaning of "Continually con·tin·u·al
adj.
1. Recurring regularly or frequently: the continual need to pay the mortgage.
2. Offer Interests"
To obtain the TPAs, visit www.aicpa.org/Professional+Resources/ Accounting+and+Auditing/Accounting+Standards/recent_tpas.htm.
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