liangfeng

This may have already been figured out by now, but I just stumbled across the thread.

Seems like accrual accounting is still just a recommendation for equities. I found this several places in the CFAI curriculum. Below are the GIPS statements, including section references.

1.A.6 Accrual accounting MUST be used for fixed-income securities and all other investment that earn interest income.

1.B.3 Accrual account SHOULD be used for dividends (as of the ex-dividend date).