Frank, I think the problem is that Chapter was written before the introduction of trading accounts and really doesn't treat them well. I would propose having an additional section dealing with Trading accounts and their use in dealing with capital gains as well as the existing approach of doing the calculations manually. Trading accounts AFAIK are not treated at all in the guide just on the wiki.
I do not think Long's original basis for criticism is totally valid however the need to update and make it clearer is. (see my reponse to a later post in this thread) It is quite valid to have Opening accounts for foreign currencies and it does not or at least should not affect whether the trading accounts calculate the capital gains. One thing that is a bit deficient at present is that the Balance Sheet report, if you choose to display 3-4 levels does not display the trading account values broken out in their original currencies, converted to the book currency and then totalled as it does for Asset and Equity accounts. I am also concerned that Trading Gains and Losses are reported in a Balance Sheet. In accounting terms they are really like Income and expense accounts - specific accounts split out from Equity to simplify the traetment of capital gains/losses which are really profit/loss and should perhaps better appear in the Income Statement although in their own section as they usually receive a different tax treatment form operating profit and loss. I will raise these questions with Christopher Lam as a separate issue. In answering Long's questions I have gained a better appreciation of trading accounts in capital gains. I am happy to have a go at rewriting this section of the guide and perhaps an additional section on Trading Accounts, but I would like to seek some help from someone who is actively using trading accounts to review anything I write. It may take a month or two as I have some other committments in the short term I have to catch up with. David ----- David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
