Derivatives Disclosure and Accounting: Hearing Before the Subcommittee on Securities of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Fifth Congress, First Session ... March 4 and October 9, 1997, Volume 4 |
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Common terms and phrases
accepted accounting principles accounting for derivatives accounting policies asset or liability Bank believe Board cash flow hedges Chairman changes in fair Commission companies comprehensive income costs derivative commodity instruments derivative financial instruments derivatives and hedging disclose disclosure alternatives disclosure requirements disclosures about market entity Exposure Draft fair value hedge FASB FASB's proposal Financial Accounting Standards financial statements firm commitment forecasted transaction forward contract futures contracts gain or loss gains and losses hedge accounting hedged item hedging activities Hershey income statement information about market interest rate interest rate risk interest rate swap investment investors ISDA issues Item 9A market risk disclosures market risk exposures market risk sensitive ment offset options paragraph portfolio proposed Statement quantitative disclosures quantitative information recognized in earnings registrant's registrants result risk sensitive instruments safe harbor SEC's Senator DODD Senator GRAMM sensitivity analysis statement of financial swaps trading U.S. dollars value at risk volatility
Popular passages
Page 185 - Statement of Financial Accounting Standards No. 119, "Disclosure about Derivative Financial Instruments and Fair Value of Financial Instruments," ("FAS 119") paragraphs 5-7, (October 1994)), and include futures, forwards, swaps, options, and other financial instruments with similar characteristics.
Page 207 - If certain conditions are met, a derivative may be specifically designated as (a) a hedge of the exposure to changes in the fair value of a recognized asset or liability or...
Page 308 - The amount at which an asset (liability) could be bought (incurred) or sold (settled) in a current transaction between willing parties, that is, other than in a forced or liquidation sale. Quoted market prices in active markets are the best evidence of fair value and should be used as the basis for the measurement, if available.
Page 82 - Disclosure of Information about Financial Instruments with Off-Balance Sheet Risk and Financial Instruments with Concentrations of Credit Risk" (Norwalk, CT, 1990); SFAS No. 107, "Disclosures about Fair Value of Financial Instruments
Page 152 - Item 305, provided that the disclosure is made by: an issuer; a person acting on behalf of the issuer; an outside reviewer retained by the issuer making a statement on behalf of the issuer...
Page 379 - Hearing of the Subcommittee on Securities of the Senate Committee on Banking, Housing, and Urban Affairs, and we request that that testimony be treated as part of the record before the Board.
Page 235 - Accounting for the Impairment of LongLived Assets and for Long-Lived Assets to Be Disposed Of, and paragraphs 5, 6, and 18-29 of Statement 107, which also has been carried forward to Statements 115, 119.
Page 210 - ... the foreign currency exposure of a net investment in a foreign operation, the gain or loss is reported in other comprehensive income (outside earnings) as part of the cumulative translation adjustment.
Page 160 - Any company has control over a bank or over any company if— (A) the company directly or indirectly or acting through one or more other persons owns, controls, or has power to vote 25 per...
Page 218 - ... gain or loss, if any, excluded from the assessment of hedge effectiveness, and a description of where the net gain or loss is reported in the statement of income or other statement of financial performance...