State of Texas – Fiscal Management

Manual of Accounts

PreviousNext

Revenue Object 3888 – Gain/Loss on Other Financial Activity - Non Cash
Skip to main content Skip to footer site map

 

Legal Citations:
Revenue Type: Non-Cash — Other Revenue
Origin Date:
Issue Date: 2013-09-01
Revised Date:

Description

To record a gain or loss related to miscellaneous financial activity for GAAP financial reporting purposes including:

  • fluctuations in the exchange rate between the U.S. dollar and the foreign currency in which the transaction is denominated.
  • gain or loss on pricing inventory costs based on LCM methodology (market falls below cost).
  • gain or loss on non-monetary transactions.

This comptroller object is not to be used for the following:

  • 3834 - Gain/Loss on Sale of Capital Assets -- General, Non-Program
  • 3861 - Gain on Sale of Investments, Obligations, and Securities
  • 3862 - Gain on Sale of Investments, Non-Cash, Non-Operating
  • 3865 - Interest Income, Other Non-Operating Revenue -- Operating Grants and Contributions
  • 3866 - Gifts/Grants/Donations -- Pledged

Due Date

Collecting Agencies

Deposit Funds

Notes

For financial reporting purposes only.

USAS Values

Appropriation Year 26
USAS Title GAIN/LOSS ON OTHER FIN ACTIVITY-NON CASH
Receipt Category 00 – Not applicable
Receipt Type 00 – Not applicable
Object Group 18 – Financial Reporting (Non Revenues)
USAS Status A
Rev/Exp Category NA – NOT APPLICABLE



Accessibility Policy