Memory Trick for Invested Assets Bonds

StowesamStowesam
in Odomirok.22-23-GAAP

Small help but...
I Amor my B12's (vitamins): Bonds 1-2 AMORtized
B-36 (war plane) all is FAIR in AMOR (love) and war: Bonds 3-6 min(FAIR Value, AMORtized)

Comments

  • grahamgraham

    Lol. :D

    It took me a minute to see what you were doing but now that I get it, it's easy to remember. I will link to it from the wiki. Thx!

    (I just looked up the B-36 and apparently it's also called the "Peacemaker" which is rather Orwellian.)

    For anyone else reading this post, the relevant wiki section is at this link:

  • StowesamStowesam

    I realized I can also use it for the GAAP - they AMORtize bonds they want to hold onto; otherwise it's fair value

  • grahamgraham

    Once you start thinking like that, it makes memorizing a lot easier and more reliable.

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