by R. Venkata Subramani | Jun 3, 2008 | Accounting Standards
Under the relevant Accounting Standards (IAS 21) foreign currency monetary items are treated differently to foreign currency non-monetary items. The essential feature of a monetary item is the right to receive or an obligation to deliver a fixed or determinable amount...
by R. Venkata Subramani | Jun 3, 2008 | Equity Shares
Investments in equity securities that are purchased and held for short term principally for the purpose of generating gains on resale are classified as trading securities and reported at fair value with unrealized gains and losses included in the earnings. Investments...
by R. Venkata Subramani | Jun 3, 2008 | Equity Shares
Equity securities are represented by ownership shares as common stock or preferred stock, rights to acquire ownership shares such as stock warrants or rights or call options. It also includes rights to dispose of ownership in shares by way of put options. It should be...
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