pinoyCPA.com Battle of the Colors
Once upon a time in Lamesa Eco-Park,
A group of accountancy professionals and students meet at a certain point to battle against different colors.
Ladies and gentlemen, let the 2nd pinoyCPA Grand Eyeball event begin this November 30, 2012!
Join the adventure! And may the odds be in your favor!
Another history in the making. ^^
2012 CPA board exam result Board Exam
Q:tanong ko lang po tugnkol sa fair value through other comprehensive income kung ung fair value end ng accounting period will be the cost of the next accounting period ? and gagamitin para malaman ung unrealized gain/loss next year ?
Hi, sorry now lang ako nakapag-reply sa question mo.
Example of fair value through other comprehensive income is Available for Sale Securities(AFS). Fair Value of AFS at the end of the accounting period is the New Cost at next accounting period.
To illustrate: (assume calendar year)
Start 2011-Initial valuation of AFS, upon bought, is P100,000.
End of 2011-The fair value of AFS is P125,000.
Thus, an unrealized gain of P25,000 for the year 2011.
For year 2012, the new valuation/cost of AFS is P125,000 and is the basis of determining the unrealized gain/loss for the year 2012.
P.S. Correct me if I’m wrong, stock knowledge na lang kasi ito. Thanks! Hindi pa ako updated sa new changes sa IFRS/PFRS tungkol sa topic na ito(Accounting For Investment). :)
Malapit na ang CPA board exam, handa ka na ba?