Balance Sheet of Asset Management Companies
Hi guys,
Let's take a balance sheet of any Asset Management company (Aberdeen, let's say). Now, we all know that Aberdeen largely invests investors' money and not its own, how does it make its balance sheets? Why do investments still appear even though the investments don't belong to them?
How's the accounting done for asset management companies?
I would appreciate if any of you have any idea on this.
Thank you for your time.
Voluptate illum et nobis et dolores. Harum similique non consequuntur qui dignissimos. Vero vel fugit est maiores aperiam doloremque consectetur. Impedit maxime nesciunt magnam alias corrupti.
Officia adipisci modi modi dolorum ut. Quam qui accusantium quis velit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...