In this This scenario , describes how you convert a JVLCLP security when you use the equity method of accountingEquity Method (EMA) accounting method. When you use the equity method of accounting for a position, you can hold positions that use the Equity Method (EMA) of accounting method as well as positions that use the STAR accounting method of accounting. This scenario describes the Equity Method (EMA) of accounting.
For this scenario the Entity (EMAENT) has two bases:
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The position is booked with a new amount of $10,000. There are also values for unrealized gain ($300), unrealized FX loss (-$200), and Unrealized Income ($600) for STAT/Undistributed Income ($600) for Other to be converted onconvert. Note that the Unrealized Market, FX and Income entries are automatically processed to the corresponding Accumulated account, because the expectation is these transactions will process across a year-end.
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