Abstract
Balance sheet (also known as the statement of financial position) provides the value of firm’s assets, liabilities, and equity on a particular date. Cash and cash equivalents is an asset that appears on the statement of financial position of a business and includes currency (coins and banknotes) held by a business (in hand and in bank accounts) and cash equivalents.
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Current assets are assets that are expected to be realized within a year or normal operating cycle, whichever is longer.
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Current liabilities are liabilities that are expected to liquidate within a year or normal operating cycle, whichever is longer.
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SFAS 157: Fair value measurements.
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SFAS 159: The fair value option for financial liabilities .
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McCarthy, P. D. (2004): Unnecessary Complexity in Accounting Principles. The CPA Journal 74 (3): 18–19.
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US Congress (2011): Present Law and Issues Related to the Taxation of Financial Instrument and Products—A Report to the Joint Committee on Taxation, p. 49.
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ASC 825—Financial Instruments.
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US Congress (2011): Present Law and Issues Related to the Taxation of Financial Instrument and Products—A Report to the Joint Committee on Taxation, p. 49.
- 9.
US Congress (2011): Present Law and Issues Related to the Taxation of Financial Instrument and Products—A Report to the Joint Committee on Taxation, p. 50.
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US Congress (2011): Present Law and Issues Related to the Taxation of Financial Instrument and Products—A Report to the Joint Committee on Taxation, pp. 90–94.
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Accounting Standards Codification Topic 820-10-30, Fair Value Measurements and Disclosures (ASC 820).
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US Congress (2011): Present Law and Issues Related to the Taxation of Financial Instrument and Products—A Report to the Joint Committee on Taxation, p. 53.
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ASC 815-20-25.
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ASC 815-20-25-3—Derivatives and Hedging .
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Lessambo, F.I. (2018). Cash and Cash Equivalents. In: Financial Statements. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-99984-5_2
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DOI: https://doi.org/10.1007/978-3-319-99984-5_2
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