A derivative used as an economic hedge of foreign currency risk associated with a foreign currency-denominated asset

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A derivative used as an economic hedge of foreign currency risk associated with a foreign currency-denominated asset or liability is not accounted for as a hedge under the provisions of Statement No. 133. How are these derivatives accounted for?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 06:20 AM

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A derivative used as an economic hedge of foreign currency risk associated with a foreign currency-denominated asset

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Intermediate Accounting

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