Accounting for Risk, Hedging and Complex Contracts
List price: $188.00
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Description: The book is aimed at seniors and master students in accounting. It fills a gap that isãgrowing wider. For the past 25 years, risk has consistently grown in prominence in accounting standards and thought. It became more evident with the tremendous growth in derivatives, securitization and hedging. Accounting standard setters have to keep pace and devise new ways of accounting. The most revealing aspect of this development is to observe the Financial Accounting Standards Board, the International Accounting Standards Board, the National Association of Insurance Commissioners and other bodies take a serious look back at prior standards and ask the question: "why did we ignore risk?" As a result, we have a plethora of revisions of accountingâa revision that is growing at an incredible pace. This is the first book to explore topics that explore accounting for what we know.The first to examine hedge accounting or even insurance and reinsurance contracts. As the economy has shifted from manufacturing to financial services, hundreds of instruments and contracts have been developed to manage the financing and related risks. Options, swaps, forwards and futuresãare tradedãand used by most companies for investing or hedging.ã This is the first book in accunting books to cover and give details as well as provide a background in risk.
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All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.
List price: $188.00
Copyright year: 2014
Publication date: 10/2/2013
Size: 8.75" wide x 11.00" long x 1.25" tall
A. Rashad Abdel-Khalik is a Professor of Accountancy and Director V.K. Zimmerman Center for International Education and Research of Accounting.