Financial Statements Prepared for Use in Other Countries 2205 the United States, the auditor may report using either (a) a U.S.-style reportmodiï¬ed to report on the accounting principles of another country (see para-graphs.09and.10)or(b)ifappropriate,thereportformoftheothercountry(seeparagraphs .11 and .12).
The cost method of investment accounting. The cost method of accounting is by far the most common approach for reporting investment gains and losses. That's true for retail investors and institutional investors alike. With this method, the actual cost of the investment is used as the baseline, with the profit or loss determined by the final sales price of the stock. For example, you buy a stock at $10, sell it at $15, netting a $5 profit.
BUSINESS & ACCOUNTING Historical Cost VERSUS Current Cost Accounting Nur Barizah Abu Bakar and Julia Mohd. Said Academicians as well as practitioners have long debated the issue of historical cost accounting versus current value accounting. It seems like this is a never-ending story. The historical cost basis requires that most assets and liabilities be measured and reported at their acquisition price.