How are leases classified by lessees under ASC 840 and IAS 17?
IAS 17 requires finance lease classification when the lease term is a “major part” of the asset’s economic life or the present value of the lease payments is equal to “substantiall...
How are investment funds taxed?
US mutual funds are not subject to US federal income tax at the fund level if they satisfy certain tax requirements and distribute all their income to shareholders. Generally, the...
How are government debt securities categorized?
Government debt instruments are commonly categorized according to their maturity: Government bill – A short-term discount debt instrument issued by a central government with a matu...
How are fund returns measured?
The returns on investment funds are reported in terms their total return. It comprises income return and capital return. The total return on an investment fund is its net asset va...
The amount of money that must be invested today in order to realize a certain value in the future is present value (PV), which is the current price of a claim on a single payment o...
The price at which a quoting dealer is prepared to buy prepared to pay for an amount of a bond at a particular time is the bid, it representing the demand side of the transaction....
