Digging deep into derivatives accounting for derivatives--how the accounting standards stack up【外文翻译】

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1、本科毕业论文（设计）外文翻译题目衍生金融工具会计问题研究专业会计学外文题目Diggingdeepintoderivatives:accountingforderivatives--howtheaccountingstandardsstackup外文出处BalanceSheet外文作者TheresaDunne,ChristineHelliar,DavidPower原文：OverviewCurrentreportingrequirementsaboutderivativesusageareinflux.Notlonga

2、ftertheAccountingStandardsBoard(ASB)issuedFinancialReportingStandard13(FRS13),newproposalshaveemergedthatwillalterhowcompaniesaccountforderivativeproducts(FRED23andFRED30).Tocomplicatemattersfurther,largequotedcompanieswillhavetocomplywithInternationalAccounti

3、ngStandards(IAS)from2005.Therelevantinternationalstandardonaccountingforderivativeproducts(IAS39)is:differentfromthatcurrentlymandatedintheUK;differentfromthatproposedfortheUK;andexpectedtochangeinthenearfuture(basedontheJWGproposals).Anaddeddifficultyisthatth

4、eFinancialAccountingStandardsBoard(FASB)intheUSAmandatedifferentaccountingrulesforcompanieswhichusederivativesandarecentsurveybyPWCfoundthatmanyEuropeancompaniesadoptedtheseUSprocedures(TableI).Thisarticleoutlinesthedifferencesandsimilaritiesbetweenthevariouss

5、tandardsandproposedstandardsonreportingforderivativeinstruments.Italsohighlightswhycompaniesmightbelobbyingforoneparticularproposaloveranother,inthecurrentclimate.InternationalderivativesaccountingstandardsFAS133:AccountingforDerivativeInstrumentsandHedgingAct

6、ivitieswasissuedinJune1998.ThisStandardrepresentstheculminationoftheUSFinancialAccountingStandardsBoard'snearlydecade-longefforttodevelopacomprehensiveframeworkforderivativesandhedgeaccounting.ThegoalofFAS133istoprovideinvestorswithmoreinformationoncompanies'r

7、iskmanagementpracticesandderivativetransactions.However,theStandardgoesmuchfurtherthanthatofFRS13byrequiringthatthefinancialstatementsnotonlyprovidenotesanddisclosures,butalsodecreesthattheimpactofcertainhedgingactivitiesbereflectedthroughtheearningsstatement.

8、Inparticular,FAS133requiresthat:(1)anentityrecognizeallderivativesaseitherassetsorliabilitiesinthefinancialstatements;(2)derivativefinancialinstrumentsaremeasuredatfairvalue;(3)acc