Question
Obtain closing price and rate information from Thursday, May 16 . Please consult the WSJ and/or CME website for data. 4. Accounting for Derivatives For
Obtain closing price and rate information from Thursday, May 16. Please consult the WSJand/or CME website for data.
4. Accounting for Derivatives
For a brief overview of how firms are required to account for derivatives positions, please see the source at the link below. Please describe what is meant by
- a fair value hedge, and
- a cash flow hedge, and for each briefly describe their accounting treatment under FAS 133. You are welcome to consult other sources as well about FAS133.
You may limit your answer to 1-2 pages.
Cmegroup website then education/files/fincad-hedge-accounting-kpmg-whitepaper.pdf
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
