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joecjr
Major Contributor
Joined: 10 Oct 2009
Location: United States
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Posts: 974
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| Posted: 25 Nov 2009 at 22:19 | IP Logged
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you know which standard to apply based on whether the fair value option is elected or not. If not elected, use sfas 115 to value your investments. If FV option is elected, then just take everything at fmv each pd and take gains and losses to income statement
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FAR [83] 1109 Yaeger
AUD [90] 0510 Roger CPA
BEC [76] 0810 Yaeger/Gleim
REG [80] 1110 Yaeger
Done 12/16/2010
1year & 4months
Philadelphia, PA
joey_cjr@yahoo.com
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snehakhabiya
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Posts: 63
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| Posted: 25 Nov 2009 at 22:19 | IP Logged
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SFAS 159, when is it to be elected?
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BEC: 75
REG: 78
AUD: 86
FARE: November 30th
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snehakhabiya
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Joined: 21 Mar 2008
Location: United States
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Posts: 63
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| Posted: 25 Nov 2009 at 22:20 | IP Logged
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Ok, got it now :)
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BEC: 75
REG: 78
AUD: 86
FARE: November 30th
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JLcpa
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| Posted: 26 Jan 2010 at 08:04 | IP Logged
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Is SFAS 159 still applicable? I don't believe I have come across it yet!!!!!!
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Jas, Jersey City, NJ
AUD- 18 Nov 2009- 86
FAR- 28 Jan 2010- 91
BEC- 26 Feb 2010- 87
REG- May 2011- 78
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JLcpa
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| Posted: 26 Jan 2010 at 08:15 | IP Logged
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oops..ignore that..i got confused
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Jas, Jersey City, NJ
AUD- 18 Nov 2009- 86
FAR- 28 Jan 2010- 91
BEC- 26 Feb 2010- 87
REG- May 2011- 78
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Topic: SFAS 115 and 159
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