Disclosure of information on financial derivatives in corporate reporting

Authors

Keywords:

Derivative financial instruments, Options, Futures, Forward, Swap, Basic assets, Risks, Internal reporting

Abstract

The development of transnational corporations and the globalization of the world economy contributed to the development of the market for derivative financial instruments, the basis for trade in which is embedded in the over-the-counter market, but the development of organized trade facilitated the expansion of transactions. The development of circulation of derivative financial instruments ensures the distribution of risk, increases market liquidity and reduces volatility. The procedure for the recognition and systematization of information on the movement of derivative financial instruments, the reflection of related assets, liabilities, income and expenses, methods for their evaluation and disclosure in various types of reporting are established by an administrative document on the accounting policies of the corporation. The development of internal reporting, methods for assessing derivative financial instruments, grouping and summarizing the facts of economic life associated with their movement are currently the area of professional accountant accounting.

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Author Biographies

  • N.G. Sapozhnikova , Voronezh State University

    Dr. Sci. (Econ.), Full Prof. Head of the Department of Accounting

  • N.A. Breslavtseva , Voronezh State University

    Dr. Sci. (Econ.), Full Prof.

References

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Section

Accounting, statistics

How to Cite

Sapozhnikova , N., & Breslavtseva , N. (2017). Disclosure of information on financial derivatives in corporate reporting. Eurasian Journal of Economics and Management, 4, 132-138. https://journals.vsu.ru/econ/article/view/9128

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