International Advances in Economic Research

, Volume 6, Issue 1, pp 95–99 | Cite as

Are the new rules relating to disclosures of derivative financial instruments workable?

  • Alan Reinstein
  • Gerald H. Lander
Articles
  • 118 Downloads

Abstract

Accounting for derivatives has created uncertainties for preparers, auditors, regulators, and users of financial statements alike. The complexity and variety of instruments as well as hedging and risk management techniques make derivatives reporting a difficult subject. Developing consistent accounting rules in this area is made even more challenging since derivatives are used in conjunction with assets and liabilities that, under the current accounting system, may be carried at historical cost, fair value, or some hybrid of fair value and historical cost. Further, derivatives are used in connection with portfolios of items as well as with economic assets and exposures that may not be recorded in financial statements under the current model.

Keywords

Economic Growth Risk Management International Economic Current Model Current Accounting 

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References

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Copyright information

© International Atlantic Economic Society 2000

Authors and Affiliations

  • Alan Reinstein
    • 1
  • Gerald H. Lander
    • 2
  1. 1.Wayne State UniversityU.S.A.
  2. 2.University of South FloridaU.S.A.

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