Looks very similar. Can we treat it as the same? Thanks.
Think so… other opinions?
Designated at fair value is treated just like trading-securities, reported on B/S at fair value. Unrealized gains/losses are recognized on the income statement, dividends/interest income go on the income statement, as well.
Yes, the difference is being they’re typically securities you could classify as held until maturity, but you can designate them as at fair value