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at least in the summary of GIPS pg 350 CFAI book it says "accrual accounting must be used for all assets that accrue interest income, and for periods beginning 1/1/05, trade date accounting must be used".

was the schweser thing something not INTEREST income related? if so, sneaky, but that is the wording of GIPS anyways. interest income = FI and equity.

I am starting to hate studying.

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