Understanding the Balance Sheet - Unrealized Gain?

[Derek Atkins]

bunk3m <bunk3m at gmail.com> writes:

> On 21.03.2013 11:11 , Derek Atkins wrote:
>> bunk3m <bunk3m at gmail.com> writes:
>>
>>> Thank you for the explanation, Derek.  I thought as much about the gain.
>>>
>>> I can't quite come to grips with the amount of the gain as the
>>> currencies were nearly at par for most of last year when I did have
>>> USD.  So I want to "audit" them to make sure I'm comfortable.
>>>
>>> How can I check/review/see/audit the specific transactions that make up
>>> the Gain Amount?  Can I create a report, check a ledger/account? 
>> Alas, I don't think there's a good way to get from the report back to
>> the transactions that make up the gain.
>>
> Thank you, Derek
>
> So is the "Gain" just the calculated difference between the assets &
> liabilities?

Nope, the Unrealized Gain is literally a change-in-value of an asset due
to a change in price (exchange rate).

> If this is the case, then how can you ensure that things are in balance
> and not just some gain/loss on currency transactions?
>
> Thanks again for your insights.
>
> B.

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
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