Tag Archives: Hedge Accounting

The Impact of FAS 133 on the Risk Management Practices of End Users of Derivatives – Survey Results

Introduction Background The Financial Accounting Standards Board (FASB) issued new accounting rules for derivatives and hedging transactions (Financial Accounting Statement 133, or FAS 133) in June 1998 that were effective on June 15, 2000. Most companies, however, did not implement … Continue reading →

Meeting the “Highly Effective Expectation” Criterion for Hedge Accounting

IRA G. KAWALLER is founder of Kawaller & Company, LLC, a Brooklyn-based financial consulting practice that specializes in issues relating to derivative instruments. He is also a member of the Financial Accounting Standards Board’s Derivatives Implementation Group. PAUL D. KOCH … Continue reading →