In this lesson, dive into the world of financial investments, focusing specifically on how to classify investments at fair value and amortized cost. Nick Palazzolo, CPA, provides a valuable chart that distills the classifications and treatments for various marketable securities, including trading, available-for-sale, and held-to-maturity. Engage with practical questions that elucidate how to record unrealized gains or losses and the impact on other comprehensive income. Additionally, Nick navigates the nuances of transferring securities between categories and the consequent accounting implications, ensuring a solid grasp of these concepts for practical application and exam success. Witness how a clear understanding of these investment categories can score easy points and boost confidence for what's ahead.
This video and the rest on this topic are available with any paid plan.
See Pricing