1.

Record Nr.

UNINA9910790522403321

Autore

Beil Frank J.

Titolo

Accounting for derivatives and hedging activities / / Frank J. Beil

Pubbl/distr/stampa

New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2013

ISBN

1-60649-591-7

Edizione

[First edition.]

Descrizione fisica

1 online resource (164 p.)

Collana

Financial accounting and auditing collection, , 2151-2817

Disciplina

332.645

Soggetti

Derivative securities - Accounting

Hedge funds - Accounting

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Part of: 2013 digital library.

Nota di bibliografia

Includes bibliographical references (pages 145-146) and index.

Nota di contenuto

Examples index -- 1. Financial reporting implications -- 2. Hedge criteria and hedge effectiveness -- 3. Accounting for fair value hedges -- 4. Cash flow hedges -- 5. Foreign currency hedges -- 6. Presentation and disclosure -- Appendix 1. Scope issues -- Appendix 2. Embedded derivatives -- Notes -- Index.

Sommario/riassunto

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.