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- 2011-7-11
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16#
发表于 2011-7-13 14:32
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cpk123 Wrote:
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> 8) Which of these statements is accurate?
>
> A) IFRS require held-to-maturity securities to be
> initially recognized at cost including transaction
> costs.
> B) US GAAP require held-to-maturity securities to
> be initially recognized at fair value including
> transaction costs.
> C) Both statements are incorrect.
>
> This quesion is not exactly rightly worded. The
> actual treatment is
> Cost Incl. Txn Costs under US GAAP.
> Fair Value incl. Txn Cost under IFRS
>
> However, in general -> Fair Value = Costs
> excluding Transaction Costs. So BOTH IFRS and US
> GAAP are IDENTICAL in their initial value
> estimation for HTM securities.
CFAI text: "IFRS require that held-to-maturity securities be initially recognized at fair value including transaction costs, whereas U.S. GAAP require held-to-maturity securities be initially recognized at cost including transaction costs. In most cases, however, initial fair value is equal to cost excluding transaction costs, so the treatment is identical." |
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