Examples of Related Assets in a sentence
The objective of this Statement is to address certain issues that have been raised with respect to Statements No. 67, Financial Reporting for Pension Plans, No. 68, Accounting and Financial Reporting for Pensions, and No. 73, Accounting and Financial Reporting for Pensions and Related Assets That Are Not within the Scope of GASB Statement 68, and Amendments to Certain Provisions of GASB Statements 67 and 68.
For the definitions of managed and non-managed accounts, refer to the instructions for the Fiduciary and Related Assets section of this schedule.
This option only applies to custody of Real Property and not, for example, to Property Related Assets.
It does not permit the Fund Manager to act as custodian of Property Related Assets such as Shares in a Body Corporate which invests in Real Property or Units in another Property Fund.
Fiduciary and Related Assets Institutions should generally report fiduciary and related assets using their market value as of the report date.