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WRITERS NOTE: This topic is as of 2015.
ejected from Fixed Income guide Impairments chapter per SteveB 3/2017.
New home can be Acct Opps near other cost adjustment procedure. determine how to differentiate them. Xref to FIG for panel detail. BT 73949?. Should we explain the difference between a cost adjustment and an impairment? Should we explain the difference between the Cost Basis Adjustment panel vs Impairment panel with Cost Adjustment? Ray thinks it’s regulatory focus for IFRS (Impairment panel) vs. cost accounting focus (Cost Basis Adjustment panel)

In the Impairments panel, you can adjust the booked cost for a specific lot. You can increase or decrease the cost basis based on an adjustment amount.

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You can also use the Increase/Decrease Cost Basis Adjustment panel to execute a cost adjustment. While the Impairments panel only adjusts amortized cost, the Increase/Decrease Cost Basis Adjustment panel can adjust all cost fields, However, the Increase/Decrease Cost Basis Adjustment panel does not provide support for entities that follow International Financial Regulatory Standards (IFRS).

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