ACCOUNTING FOR DERIVATES: BACK TO BASICS
Public accountants have had a hard time deciding how to account for derivatives that are used to hedge risks, which in turn has given derivatives users and others a hard time. For about six years, the Financial Accounting Standards Board (FASB) has struggled with several, often diametrically opposed procedures, ranging from showing all derivatives at "fair" values to deferring realized losses or gains on derivatives until related gains or losses on the hedged transactions have been realized (a practice known as "hedge accounting"). 1997 Morgan Stanley.
Year of publication: |
1997
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Authors: | Benston, George J. |
Published in: |
Journal of Applied Corporate Finance. - Morgan Stanley, ISSN 1078-1196. - Vol. 10.1997, 3, p. 46-58
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Publisher: |
Morgan Stanley |
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