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:
“... there is no way of measuring the damage to a society when a whole texture of humanity is kept from realizing its own power, when the woman architect who might have reinvented our cities sits barely literate in a semilegal sweatshop on the Texas- Mexican border, when women who should be founding colleges must work their entire lives as domestics ...”
—Adrienne Rich (b. 1929)
“For the merchant, even honesty is a financial speculation.”
—Charles Baudelaire (1821–1867)
“The actor should not play a part. Like the Aeolian harps that used to be hung in the trees to be played only by the breeze, the actor should be an instrument played upon by the character he depicts.”
—Alla Nazimova (1879–1945)
“[A man’s] moral conscience is the curse he had to accept from the gods in order to gain from them the right to dream.”
—William Faulkner (1897–1962)
“When a man laughs at his troubles he loses a good many friends. They never forgive the loss of their prerogative.”
—H.L. (Henry Lewis)