Chapter 17: Investments
1a. The definition of a holding gain or loss is its a net change in fair value of a security. It does
not include divided or interest income recognized but not yet received or does not included
IFRS vs GAAP
International Financial Reporting Standards, also known as IFRS, are a step up from U.S.
GAAP where businesses across nations are able to have the same accounting standards which
would increase the global busi