Measuring Financial Instrument's Gain or Loss
The table below shows how to measure a financial instrument's gain or loss:
| Instrument Type | |||
|---|---|---|---|
| Categories | Measurement | Gains and losses | |
| Assets | Loans and receivables | Amortized costs | Net income when asset is derecognized or impaired (foreign exchange and impairment recognized in net income immediately) |
| Assets | Available for sale financial assets | Deposit account - Fair value | Other comprehensive income (impairment recognized in net income immediately) |
Read more about this topic: Financial Instrument
Famous quotes containing the words measuring, financial, instrument, gain and/or loss:
“We recognize caste in dogs because we rank ourselves by the familiar dog system, a ladderlike social arrangement wherein one individual outranks all others, the next outranks all but the first, and so on down the hierarchy. But the cat system is more like a wheel, with a high-ranking cat at the hub and the others arranged around the rim, all reluctantly acknowledging the superiority of the despot but not necessarily measuring themselves against one another.”
—Elizabeth Marshall Thomas. “Strong and Sensitive Cats,” Atlantic Monthly (July 1994)
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)
“In going where you have to go, and doing what you have to do, and seeing what you have to see, you dull and blunt the instrument you write with. But I would rather have it bent and dulled and know I had to put it on the grindstone again and hammer it into shape and put a whetstone to it, and know that I had something to write about, than to have it bright and shining and nothing to say, or smooth and well oiled in the closet, but unused.”
—Ernest Hemingway (1899–1961)
“I could lecture on dry oak leaves; I could, but who would hear me? If I were to try it on any large audience, I fear it would be no gain to them, and a positive loss to me. I should have behaved rudely toward my rustling friends.”
—Henry David Thoreau (1817–1862)
“I have always observed, when there is as much sour as sweet in a compliment, that an Englishman is eternally at a loss within himself, whether to take it, or let it alone: a Frenchman never is.”
—Laurence Sterne (1713–1768)