David, Am 17.04.20 um 04:58 schrieb David Cousens: > Frank > > Ignore my comment about whether trading gains and losses should appear in > the balance sheet or income statement. I've done a bit of research and both > under the FASB in the US and the IFRS and the AAS in Australia as far as I > can tell such gains and losses are recognized and reported under Equity as > Other Comprehensive Income so the current balance sheet reports them > appropriately. > > David > that might be right for common law countries, following the fair value principle (protecting shareholders). But e.g. german HGB follows the lowest value principle (protecting creditors). So on current assets we have to enter depreciations while closing the book, but impairments are not allowed. So I am happy, the trading gains are currently not part of the balance.
Frank _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
