Financial Reporting - Investments

Card Set Information

Author:
playboy35
ID:
134666
Filename:
Financial Reporting - Investments
Updated:
2012-02-12 14:22:16
Tags:
CGFO Budget Financial Reporting Investments
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Description:
Financial Reporting - Investment
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  1. Investments must be reported at _____ _______:
    Fair value
  2. Investments must be reported at fair value for which funds:
    • Governmental
    • Proprietary
    • Fiduciary
  3. GASB #52 established that ______ and ______ investments must be reported at fair value:
    land and real estate investments held by endowments
  4. According to GASB #53, when reporting for derivatives, which types of information is required in the disclosure:
    • Instrument type: swap, lock, options, cap, collar, futures
    • Objectives, terms and risks
    • Methods and assumptions used to determine fair value

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