Digging deep into derivatives accounting for derivatives--how the accounting standards stack up外文翻译.docVIP

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 Digging deep into derivatives: accounting for derivatives--how the accounting standards stack up 外文出处 Balance Sheet 外文作者 Theresa Dunne, Christine Helliar, David Power 原文： Overview Current reporting requirements about derivatives usage are in flux. Not long after the Accounting Standards Board (ASB) issued Financial Reporting Standard 13 (FRS 13), new proposals have emerged that will alter how companies account for derivative products (FRED 23 and FRED 30). To complicate matters further, large quoted companies will have to comply with International Accounting Standards (IAS) from 2005. The relevant international standard on accounting for derivative products (IAS 39) is: different from that currently mandated in the UK; different from that proposed for the UK; and expected to change in the near future (based on the JWG proposals). An added difficulty is that the Financial Accounting Standards Board (FASB) in the USA mandate different accounting rules for companies which use derivatives and a recent survey by PWC found that many European companies adopted these US procedures (Table I). This article outlines the differences and similarities between the various standards and proposed standards on reporting for derivative instruments. It also highlights why companies might be lobbying for one particular proposal over another, in the current climate. International derivatives accounting standards FAS 133: Accounting for Derivative Instruments and Hedging Activities was issued in June 1998. This Standard represents the culmination of the US Financial Accounting Standards Boards nearly decade-long effort to develop a comprehensive framework for derivatives and hedge accounting. The goal of FAS 133 is to provide inv