The financial crisis that started in mid-2007 resulted in the accounting standard setters and market regulators across the globe to come up with several proposals to modify the accounting standards. Accounting for Investments, Volume 2: Fixed Income and Interest Rate Derivatives covers the revised standards that are already pronounced and covers the proposals that are currently being reviewed. The book begins with the basics for the financial products covered, defining the product, the way it is structured, its advantages and disadvantages, and the different events in the trade life cycle. It then gives an exhaustive treatment of various accounting entries that should be recorded by any entity holding investments in the form of fixed income securities and interest rate derivatives