Hedge Accounting as per ind as per 109
Journal Questions For the following scenarios, prepare journal entries, general ledgers, trial balance, income statement, and balance sheet. Put Option as a Hedge—Trade Currency SGD Konark Fund had the following trades of Lever shares in the Options market through...
Objective Questions 1. FAS 133 prescribes accounting requirements for a. Derivative instruments for hedging activities. b. Debt and equity securities. c. Fair value measurement. d. All of the above. 2. Characteristics of a financial derivative instrument include which...
Theory Questions 1. Define a derivative instrument as per U.S. GAAP and as per IFRS. 2. What combination of underlying shares and options is permissible in hedge accounting? 3. Can options that are written qualify for hedge accounting? 4. Accounting standards do not...
The accounting treatment of call options prima facie will depend upon the intention with which the options are purchased: for hedging or speculation (nonhedging). If the position is taken as a hedge against some other position, then the relevant accounting standards...
R. Venkata Subramani
ECL / CECL
IFRS / US GAAP / Ind AS
Please enrol me for the free email course
on Basics of Accounting for Financial Instruments
Join our mailing list to receive the latest news and updates from our team.