Accounting for foreign currency hedges has become a fiercely complicated procedure. At a time when financial institutions are having to alter disclosure methods, the authors provide a practical guide to dealing with each type of hedging procedure.

The authors look at the way in which Enron used hedging techniques before the corporate collapse of the organization triggered a crisis of confidence in US business practices and standards. They provide an analysis of how the system was structured and show how the transactions worked before...

"We have been teaching financial accounting for decades. We love it and believe that financial accounting is one of the most important courses in the business curriculum. As it is one of the first business courses students take, we work to share our love and enthusiasm for the material and to...