Author/Authors :
çakır, hafize meder pamukkale üniversitesi - iktisadi ve idari bilimler fakültesi - işletme bölümü, turkey , sabuncu, birsel pamukkale üniversitesi - honaz meslek yüksekokulu, Turkey
Title Of Article :
RiSKTEN KORUNMA AMA^LI TUREV ARAGLARIN TURKiYE MUHASEBE STANDARTLARI KAPSAMINDA MUHASEBELESTiRiLMESi
Abstract :
Derivative instruments are financial instruments making it possible to trade rights and obligations as defined by an underlying asset. Their values derive from that of the underlying assets. Following the introduction of Turkish Accounting Standards/Turkish Financial Reporting Standards new accounting practices concerning derivative instruments came into effect in our country. Turkish Accounting Standard 39 define the accounting principles to be followed for hedging. While applying hedge accounting the criteria defined in Turkish Accounting Standards are to be complied with. While using hedge accounting is discretionary, certain conditions have to be met when used. Hedge accounting is important for correctly calculating the changes in the values of derivatives within the period in which the change occurs as far as possible and for reporting more reliable period profits and losses. In this paper we elaborate the conditions required for using hedge accounting and the principles involved in accounting for fair value risk, cash flow risk and net investment risk. As the accounts in current uniform accounting plan related to hedge accounting are insufficient, we take as reference the principles set out in the “Sample Financial Tables and Application Guide” compliant with Turkish Accounting Standards published by Public Oversight Accounting and Auditing Standards Authority.
NaturalLanguageKeyword :
Derivative instruments , hedge accounting , Turkish Accounting Standards
JournalTitle :
Pamukkale University Journal Of Social Sciences Institute