interesting Figures (Shouldn't They Match?) **CLOSED THREAD**

[Mike or Penny Novack]

>> I am closing this thread.
>>
>> The point remains the Balance Sheet Unrealized Gains/Losses and the
>> Advanced Portfolio Unrealized Gains/Losses DO NOT MATCH.
>>
>> I understand why the Investment Totals WILL NOT MATCH, since Cash is NOT
>> included in the Advanced Portfolio Report.
>>
>> However, the sum of all the cash accounts and the investment accounts
>> from the Advanced Portfolio Report should balance between the two reports.
I am not sure this should be closed yet because I am uncertain that 
there isn't confusion about the term "cash".

An investment fund (IRA, etc.) at any time might have some of the fund 
balance held as cash or cash equivalents but that is still part of the 
fund. NOT the same thing as "cash" under "current assets". Yes it is 
cash but it isn't YOUR cash until received as a distribution from the 
fund. And BTW, when an investment fund says that they are holding some 
of the assets in the form of cash that usually means "cash equivalents" 
<< and it certainly did mean that a few decades ago when the overnight 
rate wasn't essentially zero >>

So this cash that isn't being accounted for the same way in different 
reports; WHERE in the CoA is the account for it (under what parent).


Michael