Investment Clubs Manual065 - 56 October 2008 4 MONTHLY...

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Unformatted text preview: 56 October 2008 4) MONTHLY ASSETS STATEMENT The title assumes that the club meets monthly, which is normally the case, but obviously this can be adjusted to quarterly or whatever. The length of the period is unimportant so long as the date of completion of this form corresponds to the dates on the other three forms. Example four: Monthlyltsscts Statement (Next page) This shows a completed record. List in the space provided all the investments which the club holds on the valuation date. The figures to complete the first six columns can be transferred from the investment Record and kept for each share. The profit or loss to date will be the difference between the total cost and the net selling value. The change during the month is found by comparing the present valuation of each share with that shown on the Assets Statement for the previous month. When the statement has been completed in respect of all shares held by the club, the four columns headed Total Cost, Net Selling Value, Profit or Loss to Date and Change During Month are totalled. Each of these columns, except the Net Selling Value are ruled off, because these figures are being used for general statistical purposes. The Net Selling Value represents the total realisable value of all the investments held, and it now appears under this title in the lower part of the form. This figure now has to be adjusted for other assets or liabilities of the club. Spaces are provided to enter the amount of the club's other assets and liabilities: 1. Bank Balance - as per the Cash Account which will already have been reconciled with the bank statement. Also include cash balances held with brokers. 2. Due to Club - for example, overdue subscriptions from members. Also include amounts due from stockbrokers for shares sold, but for which the proceeds have not yet been received. 3. Other Assets - everything else owned by the club not included elsewhere. ProShare investment Club THE MANUAL ...
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  • Spring '10
  • Dr.Merker

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