by R. Venkata Subramani | Jun 15, 2010 | Accounting Standards
Are weather derivatives covered by IAS 39 or are they insurance contracts? Contracts that require payment only if a particular level of the underlying climatic, geological or other physical variables adversely affects the contract holder are insurance contracts and as...
by R. Venkata Subramani | Jun 9, 2010 | Accounting Standards
As per US GAAP, Cash flow hedge accounting for a foreign currency debt is permissible using a FX forward contract to cover the Foreign Exchange risk . Section 815-20-25-28 is quoted below: “If the hedged item is denominated in a foreign currency, an entity may...
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