文档介绍：本科毕业论文(设计)
外文翻译
题目衍生金融工具会计问题研究
专业会计学
外文题目 Digging deep into derivatives: accounting for derivatives--how the accounting standards stack up
外文出处 Balance Sheet
外文作者 Theresa Dunne, Christine Helliar, David Power
原文:
Overview
Current reporting requirements about derivatives usage are in flux. Not long after the Accounting Standards Board (ASB) issued Financial Reporting Standard 13 (FRS 13), new proposals have emerged that will alter panies account for derivative products (FRED 23 and FRED 30). plicate matters further, large panies will have ply with International Accounting Standards (IAS) from 2005. The relevant international standard on accounting for derivative products (IAS 39) is: different from that currently mandated in the UK; different from that proposed for the UK; and expected to change in the near future (based on the JWG proposals). An added difficulty is that the Financial Accounting
Standards Board (FASB) in the USA mandate different accounting rules panies which use derivatives and a recent survey by PWC found that many panies adopted these US procedures (Table I).
This article outlines the differences and similarities between the various standards and proposed standards on reporting for derivative instruments. It also highlights panies might be lobbying for one particular proposal over another, in the current climate.
International derivatives accounting standards
FAS 133: Accounting for Derivative Instruments and Hedging Activities was issued in June 1998. This Standard represents the culmination of the US Financial Accounting Standards Board's nearly decade-long effort to develop prehensive framework for derivatives and hedge accounting. The goal of FAS 133 is to provide investors with more information panies' risk management practices and derivative transactions. However, the Standard goes much further than that of FRS 13 by requiring that the financial statements not only provide
notes and disclosures, but also decrees that the imp