CHAPTER 13
DERIVATIVE INSTRUMENTS
Introduction
Scope
Recognition and Measurement of Derivative Instruments
Hedging Derivative Instruments
Evaluating the Effectiveness of a Hedge
Methods for Determining the Effectiveness of a Hedge
The Hedgeable Item Is an Existing or Expected Financial Instrument
Consistent Critical Terms Method
Interest rate swaps—cash flow hedges
Interest rate swaps—fair value hedges
Forward contracts
Quantitative Methods
Synthetic Instrument Method
Dollar-Offset Method
Regression Analysis Method
Cash flow hedges
Fair value hedges
Other Quantitative Methods
The Hedgeable Item Is an Existing or Expected Commodity Transaction
Consistent Critical Terms Method
Commodity swaps—cash flow hedges
Commodity swaps—fair value hedges
Forward contracts
Quantitative Methods
Synthetic Instrument Method
Dollar-Offset Method
Regression Analysis Method
Cash flow hedges
Fair value hedges
Other Quantitative Methods
Hybrid Instruments
On-behalf payments included in derivative instrument payments
Effective Date and Transition
Synthetic Guaranteed Investment Contracts
Notes to the Financial Statements
Summary Information
Hedging Derivative Instruments
Objectives
Terms
Risks
Hedged debt
Other quantitative method of evaluating effectiveness
Investment Derivative Instruments
Contingent Features
Hybrid Instruments
Synthetic Guaranteed Investment Contracts
Summary
INTRODUCTION
The GASB issued Statement 53, Accounting and Financial Reporting for Derivative Instruments (GASBS 53), to provide ...
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