Books of Account
Accounting for Investments
R. Venkata Subramani
( http://www.wiley.com/ )
Life-cycle of financial instruments
“Indicators of impairment include the financial health of the counterparty, intention of the investor to hold the asset for a reasonable length of time to permit recovery in value, the duration and extent that the market value has been blow cost, and the prospects of a market price recovery,” explains R. Venkata Subramani in the first volume of Accounting for Investments: Equities, futures and options.