FAS 115

Financial Accounting Standard No. 115, Accounting for Certain Investments in Debt and Equity Securities. A rule promulgated by the AICPA that requires different accounting treatment for unrealized gains and losses incurred for securities held in portfolios. Unrealized gains and losses from trading account securities must be reflected in reported earnings. Unrealized gains and losses from securities deemed available for sale must be netted to a single number that is shown as a component of shareholders' equity until realized. Gains and losses for securities deemed to be held to maturity are not reflected in either the income statements or balance sheets of the holders. American Banker Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • Mark-to-market accounting — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • trading — (1) The activity of buying and selling financial instruments or commodities for profit. Individuals or entities may engage in trading either strictly on their own behalf or for current or future transactions with customers. Trading profits may… …   Financial and business terms

  • AFS — available for sale (AFS) One of three defined categories established in FAS 115 for the classification of financial instruments held as assets on the books of an investor. Available for sale, or AFS, securities are securities that the investor is …   Financial and business terms

  • available-for-sale — ( AFS) One of three defined categories established in FAS 115 for the classification of financial instruments held as assets on the books of an investor. Available for sale, or AFS, securities are securities that the investor is unable or… …   Financial and business terms

  • held-to-maturity — ( HTM) One of three defined categories established in FAS 115 for the classification of financial instruments held as assets on the books of an investor. HTM securities are those the investor intends to hold to maturity and is able to hold to… …   Financial and business terms

  • HTM — held to maturity (HTM) One of three defined categories established in FAS 115 for the classification of financial instruments held as assets on the books of an investor. HTM securities are those the investor intends to hold to maturity and is… …   Financial and business terms

  • Accumulated other comprehensive income — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • mark to market — The process of restating the carrying value of an asset or liability to equal its current market value. Under FAS 115, financial instruments held in trading accounts must be marked to market by increasing income to reflect unrealized gains or by… …   Financial and business terms

  • fair value — An accounting term defined by FASB. The amount at which an asset could be bought or sold in a current transaction between willing parties, that is, other than in a forced or liquidation sale. Quoted market prices in active markets are the best… …   Financial and business terms

  • fasrig — fas|rig 〈Adj.〉 = faserig * * * fas|rig: ↑ faserig. * * * fas|rig: ↑faserig. fa|se|rig, fasrig <Adj.>: zum großen Teil aus [sich leicht ablösenden] Fasern bestehend; viele Fasern enthaltend, voller Fasern: es Holz, Papier; das Fleisch ist… …   Universal-Lexikon

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