Accounting For Derivatives Us Gaap

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Accounting For Derivatives Us Gaap

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Author : Jörg Decker
language : en
Publisher: GRIN Verlag
Release Date : 2003-07-23

Accounting For Derivatives Us Gaap written by Jörg Decker and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-07-23 with Business & Economics categories.

Seminar paper from the year 2003 in the subject Business economics - Accounting and Taxes, grade: 1,7 (A-), Technical University of Braunschweig (Economics - Controlling), course: Intenational Accounting, language: English, abstract: Some years before the financial scandal of Enron, which was mainly caused by the misuse of derivatives, the Financial Accounting Standard Board (FASB) began deliberating on issues related to derivatives and hedging transactions.1 The cause of thinking about changes in accounting for derivatives was a problematic situation in 1986 (comparable to current situation in Germany). For example, the applicatory use was very complicated and transactions with derivatives were not transparent enough. There were only clear standards for a few product groups and transactions with derivatives were not reported on the balance sheet.2 In consequence, first in 1986, a work program called Project on Financial Instruments was founded.3 In 1992 the members of the FASB received the responsibility in working on derivatives and continued improving the existing statement for about six years in more than 100 meetings. In June 1998 (06/16/1998) the Statement for Financial Accounting Standard (SFAS) No. 133 “Accounting for Derivative Instruments and Hedging Instruments” passed as an outcome of these efforts and is valid for every entity.4 Some public voices say, it is one of the most complex and controversial standards ever issued by the FASB.5 Statement No. 133 replaced FASB Statement No. 80 (Accounting for Future Contracts), No. 105 (Disclosure of Information about Financial Instruments with Off-Balance-Sheet Risk and Financial Instruments with Concentrations of Credit Risk) and No. 119 (Disclosures about Derivative Financial Instruments and Fair Value of Financial Instruments). 6 Also FASB Statement No. 52 (Foreign Currency Translation) and No. 107 (Disclosures about Fair Value of Financial Instruments) were amended, by including the “disclosure provisions about concentration of credit risk” form Statement No. 105 in Statement No.107. Despite the fact that the new Statement was issued in June 1998 it only was effective on financial statements for fiscal years beginning after June 15, 2000. [...] 1 Cp. Ernst & Young LLP (2002), p. 1. 2 Cp. Henne, T.(2000), p. 51. 3 Cp. Zander, D. (2000), p. 985. 4 Cp. Maulshagen ,A./Maulshagen, O. (1998), p. 2151. 5 Cp. International Treasurer (1999). 6 Cp. Ernst & Young LLP (2002), p. 1.

Accounting For Risk Hedging And Complex Contracts

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Author : A. Rashad Abdel-Khalik
language : en
Publisher: Routledge
Release Date : 2013-10-08

Accounting For Risk Hedging And Complex Contracts written by A. Rashad Abdel-Khalik and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-08 with Business & Economics categories.

With the exponential growth in financial derivatives, accounting standards setters have had to keep pace and devise new ways of accounting for transactions involving these instruments, especially hedging activities. Accounting for Risk, Hedging and Complex Contracts addresses the essential elements of these developments, exploring accounting as related to today's most relevant topics - risk, hedging, insurance, reinsurance, and more. The book begins by providing a basic foundation by discussing the concepts of risk, risk types and measurement, and risk management. It then introduces readers to the nature and valuation of free standing options, swaps, forward and futures as well as of embedded derivatives. Discussion and illustrations of the cash flow hedge and fair value hedge accounting treatments are offered in both single currency and multiple currency environments, including hedging net investment in foreign operations. The final chapter is devoted to the disclosure of financial instruments and hedging activities. The combination of these topics makes the book a must-have resource and reference in the field. With discussions of the basic tools and instruments, examinations of the related accounting, and case studies to help students apply their knowledge, this book is an essential, self-contained source for upper-level undergraduate and masters accounting students looking develop an understanding of accounting for today’s financial realities.

Accounting For Derivatives And Hedging Activities

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Author : Frank J. Beil
language : en
Publisher: Business Expert Press
Release Date : 2013-10-09

Accounting For Derivatives And Hedging Activities written by Frank J. Beil and has been published by Business Expert Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-09 with Business & Economics categories.

Derivatives, and derivatives used to hedge financial and operating functions, are designed to allow managers of firms to manage effectively the downside risk of their financial and operating strategies. They also can be very useful tools that allow managers and executives to accurately predict financial and operational performance and manage the investment communities' "expectations" regarding overall firm performance. Derivatives and hedges, however, if not properly designed in conjunction with the firm's risk management strategy, can be potentially disastrous for the firm. The ongoing financial turmoil in markets can be partially explained by company managers and executives not understanding the potential financial statement impact when derivative markets move in a particular direction for longer periods of time than anticipated by firms. This book is designed for managers and executives to be a comprehensive yet accessible resource for understanding the impact of derivative and hedge accounting on a company's reporting of financial statements. The book's primary purpose is to demystify derivatives and provide practical advice and counsel on how to use them to manage more effectively the operational and financial risk to the firm. When used properly derivatives are an extremely effective tool that managers and executives can use to reduce uncertainty regarding the future.

Accounting For Derivatives And Hedging

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Author : Mark A. Trombley
language : en
Publisher: Irwin/McGraw-Hill
Release Date : 2003

Accounting For Derivatives And Hedging written by Mark A. Trombley and has been published by Irwin/McGraw-Hill this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.

Publisher Description

Treasury In Practice

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Author : Karl-Heinz Klamra
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2016-04-18

Treasury In Practice written by Karl-Heinz Klamra and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-18 with categories.

Of the 25 Dow Jones Title of the processing and manufacturing industry recorded 23 companies over the period of the years 2007- 2015, negative Translation - total - result. While this Translation - losses amounted in 2013 still to an average of 3.9% of the average group - profits, this quotient grew in 2014 to 11% and in 2015 even to 20.5%. At 7 groups the quotient of Translation loss 2015 to Profit 2015 amounts to 44.7% - 81.9%. These 7 US - groups could have increased her group - profits 44.7% - 81.9% in 2015 or about all 25 groups on an average 20.5% if they had neutralized their Translation - risk. In spite of these Translation - losses only 12 of these 25 groups hedged the Translation - risk by Net Investment Hedges. With increasing globalization the Translation problem will further grow. These and other interesting results from the balance - and hedge accounting analyzes with concern of these worldwide, famous US - corporations: e. g.: 3M, Apple, Boeing, Caterpillar, Chevron, Cisco, Coca - Cola, Du Pont, Exxon Mobil, General Electric, IBM, Intel, Mc Donald, Merck, Microsoft, Nike, Pfizer, Procter & Gamble, Walt Disney and Wal - Mart - Stores. Previously published books: 1)IRFS 9: Risk - Controlling IAS 39 / IFRS 7 - Hedge Accounting VI 2)IFRS 9: Analyse der Fehler IAS 39 / IFRS 7 3)Currency Headwinds - - Hedge Accounting V 4)Currency Headswind - Hedge Accounting V - Treasury in der Praxis 5)Treasury in Practice: 25 Dow Jones Groups- Hedge Accounting IV 6)Treasury in der Praxis: Devisen - und Derivate Management 7)Currency - and Financial Derivative Management in Practice: Hedge Accounting III 8)Mrd. Grab Devisenmanagement Teil III: Hedge Accounting III - 67 europaische Konzerne - 618 Mrd. Probleme 9)Treasury in Practice: Translation - Risk, Fair Value Hedge and Cash Flow Hedge: Hedge Accounting II 10)Mrd. - Grab Devisenmanagement Teil II: Hedge Accounting Soon appears: Hedge Accounting VII - Master Mind IFRS 9 - Routenplaner Corporate Finance"

Accounting For Derivative Instruments And Hedging Activities

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Author :
language : en
Publisher:
Release Date : 2000

Accounting For Derivative Instruments And Hedging Activities written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Derivative securities categories.

Derivatives Disclosure And Accounting

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Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities
language : en
Publisher: DIANE Publishing
Release Date : 1999-08

Derivatives Disclosure And Accounting written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-08 with categories.

Hearing on financial derivatives and the new SEC's regulations and the FASB's proposal concerning derivatives. Witnesses: Thomas Logan and Patrick Montgomery, Treasury Mgmt. Assoc.; Kenneth Lehn, Prof., U. of Pittsburgh, former Deputy Chief Economist, SEC; William Miller, Assoc. for Invest. Mgmt. and Research; Joseph Bauman, International Swaps and Derivatives Assoc., Inc.; Stephen Wallman, Commissioner, SEC, and Michael Sutton and Eric Sirri; Kenneth Wolfe, Hershey Foods Corp.; Alex Pollock, Fed. Home Loan Bank of Chicago; William Roberts, Amer. Bankers Assoc.; and Edmund Jenkins, chmn., Financial Accounting Standards Board.

Innovations

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Author : Gary L. Gastineau
language : en
Publisher:
Release Date : 2008

Innovations written by Gary L. Gastineau and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.

Accounting standards for derivatives activity are undergoing rapid revision, both in the U.S. and internationally. Hedge accounting, a special treatment to allow offsetting profits and losses on different components of a hedge to be reflected in earnings at the same time, is becoming less useful with the increased reporting of marked-to-market valuations. This process is being accelerated by the newly adopted Financial Accounting Standard 119, which calls for a substantial increase in the disclosure of derivatives-related information by U.S. corporations. We argue, however, that release of much derivatives information, such as notional principal values, numbers and maturities of contracts in different markets, and so on, can easily be misleading, and may not aid public understanding of the true risks facing a firm. In some cases, it may even be damaging to the shareholders' interests. The rush to implement new accounting standards in this instance carries the risk of requiring inappropriate disclosure for firms using derivatives.

Accounting For Investments Fixed Income Securities And Interest Rate Derivatives

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Author : R. Venkata Subramani
language : en
Publisher: John Wiley & Sons
Release Date : 2011-07-20

Accounting For Investments Fixed Income Securities And Interest Rate Derivatives written by R. Venkata Subramani and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-20 with Business & Economics categories.

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. This book covers the revised standards that are already pronounced and covers the proposals that are currently being reviewed.

Fasb Derivative Accounting Standards

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Author : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Commerce, Trade, and Consumer Protection
language : en
Publisher:
Release Date : 2003

Fasb Derivative Accounting Standards written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Commerce, Trade, and Consumer Protection and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.