Accounting for derivatives : advanced hedging under ifrs 9 /

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"The derivative practitioner's expert guide to IFRS 9 applicationAccounting for Derivatives explains the likely accounting implications of a proposed transaction on derivatives strategy, in alignment with the IFRS 9 standards. Written by a Big Four advisor, this book shares the author'...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Ramirez, Juan, 1961-
Formato: Electrónico eBook
Idioma:Inglés
Publicado: West Sussex, United Kingdom ; New York : Wiley, 2015.
Edición:Second edition.
Temas:
Financial instruments > Accounting > Standards.
Derivative securities > Accounting.
Hedging (Finance) > Accounting.
Instruments dérivés (Finances) > Comptabilité.
Couverture (Finances) > Comptabilité.
BUSINESS & ECONOMICS > Finance.
Derivative securities > Accounting
Financial instruments > Accounting > Standards
Hedging (Finance) > Accounting
Acceso en línea:Texto completo (Requiere registro previo con correo institucional)
Tabla de Contenidos:
  • Machine generated contents note: 1.1. Accounting Categories for Financial Assets
  • 1.1.1. Financial Asset Categories
  • 1.1.2. Financial Assets at Amortised Cost
  • 1.1.3. Financial Assets at Fair Value through Other Comprehensive Income
  • 1.1.4. Financial Assets at Fair Value through Profit or Loss
  • 1.1.5. Financial Assets [2014] Initial and Subsequent Recognition
  • 1.1.6. Reclassifications
  • 1.2. The Amortised Cost Calculation: Effective Interest Rate
  • 1.2.1. Example of Effective Interest Rate Calculation [2014] Fixed Rate Bond
  • 1.2.2. Effective Interest Rate Calculation [2014] Floating Rate Debt
  • 1.3. Examples of Accounting for Fixed Rate Bonds
  • 1.3.1. Example of a Fixed Rate Bond at Amortised Cost
  • 1.3.2. Example of a Fixed Rate Bond Recognised at FVOCI
  • 1.4. Accounting Categories For Financial Liabilities
  • 1.4.1. Financial Liability Categories
  • 1.4.2. Partial Repurchases of Financial Liabilities
  • 1.4.3. Changes in Credit Risk in Financial Liabilities at FVTPL
  • 1.5. The Fair Value Option
  • 1.6. Hybrid And Compound Contracts
  • 1.6.1. Embedded Derivatives in Assets or Liabilities [2014] Hybrid Instruments
  • 1.6.2. Liability Compound Instruments
  • 2.1. Hedge Accounting [2014] Types of Hedges
  • 2.1.1. Derivative Definition
  • 2.1.2. Hedge Accounting
  • 2.1.3. Accounting for Derivatives
  • 2.1.4. Undesignated or Speculative
  • 2.2. Types of Hedges
  • 2.2.1. Fair Value Hedge
  • 2.2.2. Cash Flow Hedge
  • 2.2.3. Net Investment Hedge
  • 2.3. Hedged Item Candidates
  • 2.3.1. Hedged Item Candidates
  • 2.3.2. Forecast Transaction versus Firm Commitment
  • 2.4. Hedging Instrument Candidates
  • 2.5. Hedging Relationship Documentation
  • 2.6. Hedge Effectiveness Assessment
  • 2.6.1. Qualifying Criteria for Hedge Accounting
  • 2.6.2. Hedge Ratio
  • 2.6.3. Effectiveness Assessment
  • 2.6.4. Effectiveness Assessment Methods
  • 2.6.5. The Critical Terms Method
  • 2.6.6. The Simple Scenario Analysis Method
  • 2.6.7. The Regression Analysis Method
  • 2.6.8. The Monte Carlo Simulation Method
  • 2.6.9. Suggestions Regarding the Assessment Methods
  • 2.7. The Hypothetical Derivative Simplification
  • 2.8. Rebalancing
  • 2.8.1. Accounting for Rebalancings
  • 2.9. Discontinuation of Hedge Accounting
  • 2.10. Options And Hedge Accounting
  • 2.10.1. Intrinsic Value versus Time Value
  • 2.10.2. In-, At- or Out-of-the-Money
  • 2.10.3. Accounting Treatment for the Time Value of Options
  • 2.10.4. Example of Option Hedging a Transaction Related Item [2014] Actual Time Value Exceeding Aligned Time Value
  • 2.10.5. Example of Option Hedging a Transaction Related Item [2014] Actual Time Value Lower Than Aligned Time Value
  • 2.10.6. Example of Option Hedging a Time-Period Related Item [2014] Actual Time Value Exceeding Aligned Time Value
  • 2.10.7. Example of Option Hedging a Time-Period Related Item [2014] Actual Time Value Lower Than Aligned Time Value
  • 2.10.8. Written Options
  • 2.11. Forwards and Hedge Accounting
  • 3.1. Fair Valuation [2014] Overview of IFRS 13
  • 3.1.1. Definition of Fair Value
  • 3.1.2. Fair Value Hierarchy
  • 3.1.3. Level 1 Financial Instruments
  • 3.1.4. Level 2 Financial Instruments
  • 3.1.5. Level 3 Financial Instruments
  • 3.1.6. Mid-to-Bid and Mid-to-Offer Adjustments
  • 3.1.7. Credit and Debit Valuation Adjustment
  • 3.1.8. Funding Valuation Adjustment
  • 3.1.9. Model Uncertainty Adjustment
  • 3.1.10. Day 1 Profit (or Loss)
  • 3.2. Case Study [2014] Credit Valuation Adjustment of an Interest Rate Swap
  • 3.2.1. Simple One-Period Model of Default
  • 3.2.2. Working Example of CVA in a Swap
  • 3.2.3. Debit Valuation Adjustments
  • 3.2.4. Combining CVA and DVA
  • 3.2.5. Calculating CVA and DVA Using Monte Carlo Simulation
  • 3.3. Overnight Index Swap Discounting
  • 4.1. FX Forwards
  • 4.1.1. Product Description
  • 4.1.2. Forward Points
  • 4.2. Interest Rate Swaps
  • 4.2.1. Product Description
  • 4.2.2. IFRS 9 Accounting Implications
  • 4.3. Cross-Currency Swaps
  • 4.3.1. Product Description
  • 4.3.2. IFRS 9 Accounting Implications
  • 4.4. Standard (Vanilla) Options
  • 4.4.1. Product Description
  • 4.4.2. Standard Equity Options
  • 4.4.3. Standard Foreign Exchange Options
  • 4.4.4. Interest Rate Options [2014] Caps, Floors and Collars
  • 4.5. Exotic Options
  • 4.6. Barrier Options
  • 4.6.1. Knock-out Bather Options [2014] Product Description
  • 4.6.2. Knock-in Bather Options [2014] Product Description
  • 4.7. Range Accruals
  • 5.1. Types of Foreign Exchange Exposure
  • 5.2. Introductory Definitions
  • 5.2.1. Functional Currency and Presentation Currency
  • 5.2.2. Relevant Dates in an FX Transaction
  • 5.3. Summary of IAS 21 Translation Rates.
  • 5.3.1. Monetary versus Non-monetary Items
  • 5.3.2. Translation Rates
  • 5.4. Foreign Currency Transactions
  • 5.4.1. Summary of Most Commonly Used FX Derivatives
  • 5.5. Case Study: Hedging A Forecast Sale and Subsequent Receivable with an FX Forward (Forward Element Included in Hedging Relationship)
  • 5.5.1. Background
  • 5.5.2. Setting the Hedging Relationship Term
  • 5.5.3. Hedging Relationship Documentation
  • 5.5.4. Hedge Effectiveness Assessment [2014] Hypothetical Derivative
  • 5.5.5. Hedge Effectiveness Assessment Performed at Hedge Inception
  • 5.5.6. Fair Valuation of Hedged Item and Hypothetical Derivative at the Relevant Dates
  • 5.5.7. Accounting Entries [2014] Hedge Objective Unchanged: No Discontinuation
  • 5.5.8. Accounting Entries [2014] Hedge Risk Management Objective Changed: Discontinuation
  • 5.6. Case Study: Hedging a Forecast Sale with an FX Forward
  • 5.6.1. Setting the Hedging Relationship Term
  • 5.6.2. Hedging Relationship Documentation
  • 5.6.3. Hedge Effectiveness Assessment
  • 5.6.4. Hedge Effectiveness Assessment Performed at Hedge Inception
  • 5.6.5. Fair Valuation of Hedged Item and Hypothetical Derivative at the Relevant Dates
  • 5.6.6. Accounting Entries When the Forward Element is Included in the Hedging Relationship
  • 5.6.7. Accounting Election When the Forward Element is Excluded from the Hedging Relationship
  • 5.6.8. Accounting When the Forward Element is Excluded from the Hedging Relationship and Recognised in Profit or Loss
  • 5.6.9. Accounting When the Forward Element is Excluded from the Hedging Relationship and Aligned Portion Temporarily Recognised in OCI
  • 5.6.10. Final Remarks: Inclusion versus Exclusion of the Forward Element
  • 5.7. Case Study: Hedging a Forecast Sale and Subsequent Receivable with a Tunnel
  • 5.7.1. Hedging Relationship Documentation
  • 5.7.2. Hedge Effectiveness Assessment
  • 5.7.3. Hedge Effectiveness Assessment Performed at Hedge Inception
  • 5.7.4. Fair Valuation of Hedged Item and Hypothetical Derivative at the Relevant Dates
  • 5.7.5. Calculation of Effective and Ineffective Amounts
  • 5.7.6. Accounting Entries
  • 5.7.7. Accounting Entries [2014] Discontinuation by Changing Risk Management Objective
  • 5.7.8. Final Remarks
  • 5.8. Case Study: Hedging A Forecast Sale and Subsequent Receivable with a Participating Forward
  • 5.8.1. Participating Forward Hedge Accounting Issues
  • 5.8.2. Alternative 1: Participating Forward Split into a Forward and an Option
  • 5.8.3. Alternative 2(a): Participating Forward in its Entirety
  • 5.8.4. Alternative 2(b): Participating Forward in its Entirety [2014] Readjusting the Hedge Ratio
  • 5.9. Case Study: Hedging a Highly Expected Foreign Sale with a Knock-In Forward (Introduction)
  • 5.9.1. Accounting Optimisation of the Knock-in Forward
  • 5.10. Case Study: Hedging a Forecast Sale And Subsequent Receivable with a Knock-In Forward (Splitting Alternative)
  • 5.10.1. Terms of the Split into a Forward and a Knock-out Option
  • 5.10.2. Hedging Relationship Documentation
  • 5.10.3. Hedge Effectiveness Assessment
  • 5.10.4. Hedge Effectiveness Assessment Performed at Hedge Inception
  • 5.10.5. Fair Valuations of Derivative Contracts and Hypothetical Derivative at the Relevant Dates
  • 5.10.6. Calculation of Effective and Ineffective Amounts
  • 5.10.7. Accounting Entries
  • 5.11. Case Study: Hedging A Forecast Sale and Subsequent Receivable with a Knock-In Forward (Instrument In Its Entirety)
  • 5.11.1. Hedging Relationship Documentation
  • 5.11.2. Hedge Effectiveness Assessment
  • 5.11.3. Hedge Effectiveness Assessment Performed at Hedge Inception
  • 5.11.4. Fair Valuations of Hedging Instrument and Hypothetical Derivative at the Relevant Dates
  • 5.11.5. Calculation of Effective and Ineffective Amounts
  • 5.11.6. Accounting Entries
  • 5.12. Case Study: Hedging A Forecast Sale and Subsequent Receivable with a Knock-In Forward (Rebalancing Approach)
  • 5.12.1. Quantity of Hedged Item Estimation
  • 5.12.2. Hedging Relationship Documentation
  • 5.12.3. Hedge Effectiveness Assessment
  • 5.12.4. Hedge Effectiveness Assessment Performed at Hedge Inception
  • 5.12.5. Fair Valuations at the Relevant Dates
  • 5.12.6. Effective and Ineffective Amounts at the Relevant Dates
  • 5.12.7. Accounting Entries
  • 5.13. Case Study: Hedging A Highly Expected Foreign Sale with a Kiko Forward
  • 5.13.1. Hedge Accounting Optimisation
  • 5.13.2. Hedge Accounting Application for Approach 1 [2014] Forward plus Residual Derivative
  • 5.13.3. Hedging Relationship Documentation
  • 5.13.4. Hedge Effectiveness Assessment Performed at Hedge Inception
  • 5.13.5. Fair Valuations of Derivative Contracts and Hypothetical Derivative at the Relevant Dates.
  • Note continued: 5.13.6. Accounting Entries
  • 5.13.7. Additional Remarks
  • 5.14. Case Study: Hedging A Forecast Sale and Subsequent Receivable with a Range Accrual (Part 1)
  • 5.15. Case Study: Hedging A Forecast Sale and Subsequent Receivable with a Range Accrual (Designation In Its Entirety)
  • 5.15.1. Hedging Relationship Documentation
  • 5.15.2. Hedge Effectiveness Assessment
  • 5.15.3. Hedge Effectiveness Assessment Performed at Hedge Inception
  • 5.15.4. Fair Valuations and Calculations of Effective/Ineffective Amounts
  • 5.15.5. Accounting Entries
  • 5.16. Case Study: Hedging Forecast Sale and Subsequent Receivable with a Range Accrual (Splitting Approach)
  • 5.16.1. Accounting Entries
  • 5.16.2. Final Remarks
  • 5.17. Hedging On A Group Basis [2014] The Treasury Centre Challenge
  • 5.17.1. Accounting Implications at Subsidiary Level
  • 5.17.2. Accounting Implications at Consolidated Level
  • 5.18. Hedging Forecast Intragroup Transactions
  • 5.18.1. Example of Hedge of Forecast Intragroup Transaction
  • 6.1. Stand-Alone Versus Consolidated Financial Statements
  • 6.1.1. Subsidiary Financial Statements
  • 6.1.2. Parent-Only Financial Statements
  • 6.1.3. Consolidated Financial Statements
  • 6.2. The Translation Process
  • 6.2.1. Basic Procedures prior to Translation
  • 6.2.2. Specific Translation Procedures
  • 6.2.3. Hyperinflationary Economies
  • 6.3. The Translation Differences Account
  • 6.4. Special Items That Are Part of a Net Investment
  • 6.4.1. Goodwill and Fair Value Adjustments
  • 6.4.2. Long-Term Investments in a Foreign Subsidiary
  • 6.4.3. Disposal of a Foreign Operation
  • 6.5. Effect Of Minority Interests on Translation Differences
  • 6.6. Hedging Net Investments In Foreign Operations
  • 6.6.1. Net Investment Hedge Issuing Foreign Currency Debt
  • 6.6.2. Net Investment Hedge Using Derivatives
  • 6.7. Case Study: Accounting for Net Investments In Foreign Operations
  • 6.7.1. Elements of the Net Assets of a Foreign Subsidiary
  • 6.7.2. Translation Process on Acquisition Date
  • 6.7.3. Translation Process on First Reporting Date
  • 6.8. Case Study: Net Investment Hedge with a Forward
  • 6.8.1. Hedging Relationship Documentation
  • 6.8.2. Hedge Effectiveness Assessment
  • 6.8.3. Hedge Effectiveness Assessment Performed at Hedge Inception
  • 6.8.4. Fair Values and Calculation of Effective and Ineffective Amounts
  • 6.8.5. Accounting Entries [2014] Forward Points Included in Hedging Relationship
  • 6.8.6. Accounting Entries [2014] Forward Points Excluded from Hedging Relationship
  • 6.8.7. Implications of the FX Forward Points
  • 6.9. Case Study: Net Investment Hedge Using Foreign Currency Debt
  • 6.9.1. Hedging Relationship Documentation
  • 6.9.2. Hedge Effectiveness Assessment
  • 6.9.3. Hedge Effectiveness Assessment Performed at Hedge Inception
  • 6.9.4. Other Relevant Information
  • 6.9.5. Accounting Entries
  • 6.9.6. Final Remarks
  • 6.10. Net Investment Hedging With Cross-Currency Swaps
  • 6.11. Case Study: Net Investment Hedge with a Floating-To-Floating Cross-Currency Swap
  • 6.11.1. Hedging Relationship Documentation
  • 6.11.2. Hedge Effectiveness Assessment
  • 6.11.3. Hedge Effectiveness Assessment Performed at Hedge Inception
  • 6.11.4. Other Relevant Information
  • 6.11.5. Accounting Entries
  • 6.11.6. Final Remarks
  • 6.12. Case Study: Net Investment Hedge with a Fixed-To-Fixed Cross-Currency Swap
  • 6.12.1. Hedging Relationship Documentation
  • 6.12.2. Hedge Effectiveness Assessment
  • 6.12.3. Hedge Effectiveness Assessment Performed at Hedge Inception
  • 6.12.4. Other Relevant Information
  • 6.12.5. Accounting Entries
  • 6.13. Case Study: Hedging Intragroup Foreign Dividends
  • 6.13.1. Effects of Intercompany Foreign Dividends on Individual and Consolidated Statements
  • 6.13.2. Hedging Intercompany Foreign Dividends with an FX Forward
  • 6.14. Case Study: Hedging Foreign Subsidiary Earnings
  • 6.14.1. Hedging Relationship Documentation
  • 6.14.2. Hedge Effectiveness Assessment
  • 6.14.3. Hedge Effectiveness Assessment Performed at Hedge Inception
  • 6.14.4. Other Relevant Information
  • 6.14.5. Accounting Entries
  • 6.14.6. Final Remarks
  • 6.15. Case Study: Integral Hedging of an Investment in a Foreign Operation
  • 7.1. Common Interest Rate Hedging Strategies
  • 7.2. Separation Of Embedded Derivatives in Structured Debt Instruments
  • 7.3. Interest Accruals
  • 7.4. Most Common Interest Rate Derivative Instruments
  • 7.5. Case Study: Hedging a Floating Rate Liability With
  • an Interest Rate Swap
  • 7.5.1. Hedging Relationship Documentation
  • 7.5.2. Hedge Effectiveness Assessment
  • 7.5.3. Hedge Effectiveness Assessment Performed at the Start of the Hedging Relationship
  • 7.5.4. Fair Valuations, Effective/Ineffective Amounts and Cash Flow Calculations.
  • 7.5.5. Accounting Entries
  • 7.5.5. Final Remarks
  • 7.6. Case Study: Hedging A Floating Rate Liability With a Zero-Cost Collar
  • 7.6.1. Hedging Relationship Documentation
  • 7.6.2. Hedge Effectiveness Assessment
  • 7.6.3. Hedge Effectiveness Assessment Performed at the Start of the Hedging Relationship
  • 7.6.4. Fair Valuations, Effective/Ineffective Amounts and Cash Flow Calculations
  • 7.6.5. Accounting Entries
  • 7.6.6. Final Remarks
  • 7.7. Implications of Interest Accruals and Credit Spreads
  • 7.7.1. Background Information
  • 7.7.2. Credit Spread and Hedge Accounting
  • 7.7.3. Interest Accruals and Fair Valuations
  • 7.8. Case Study: Hedging a Fixed Rate Liability With an Interest Rate Swap
  • 7.8.1. Background Information
  • 7.8.2. Hedging Relationship Documentation
  • 7.8.3. Hedge Effectiveness Assessment
  • 7.8.4. Hedge Effectiveness Assessment Performed at the Start of the Hedging Relationship
  • 7.8.5. Fair Valuations, Effective/Ineffective Amounts and Cash Flow Calculations
  • 7.8.6. Accounting Entries
  • 7.8.7. Concluding Remarks
  • 7.9. Case Study: Hedging A Future Fixed Rate Issuance with an Interest Rate Swap
  • 7.9.1. Background Information
  • 7.9.2. Hedging Relationship Documentation
  • 7.9.3. Hedge Effectiveness Assessment
  • 7.9.4. Hedge Effectiveness Assessment Performed at the Start of the Hedging Relationship
  • 7.9.5. Fair Valuations, Effective/Ineffective Amounts and Cash Flow Calculations
  • 7.9.6. Accounting Entries
  • 7.9.7. Concluding Remarks
  • 7.10. Case Study: Hedging A Future Floating Rate Issuance with an Interest Rate Swap
  • 7.10.1. Background Information
  • 7.10.2. Hedging Relationship Documentation
  • 7.10.3. Hedge Effectiveness Assessment
  • 7.10.4. Hedge Effectiveness Assessment Performed at the Start of the Hedging Relationship
  • 7.10.5. Fair Valuations, Effective/Ineffective Amounts and Cash Flow Calculations
  • 7.10.6. Accounting Entries
  • 7.10.7. Concluding Remarks
  • 7.11. Case Study: Hedging A Fixed Rate Liability with a Swap In Arrears
  • 7.11.1. Background Information
  • 7.11.2. Hedging Relationship Documentation
  • 7.11.3. Hedge Effectiveness Assessment
  • 7.11.4. Hedge Effectiveness Assessment Performed at the Start of the Hedging Relationship
  • 7.11.5. Fair Valuations, Effective/Ineffective Amounts and Cash Flow Calculations
  • 7.11.6. Accounting Entries
  • 7.11.7. Concluding Remarks
  • 7.12. Case Study: Hedging A Floating Rate Liability with a Kiko Collar
  • 7.12.1. Background Information
  • 7.12.2. Split between Hedge Accounting Compliant Derivative and Residual Derivative
  • 7.12.3. Hedging Relationship Documentation
  • 7.12.4. Hedge Effectiveness Assessment
  • 7.12.5. Hedge Effectiveness Assessment Performed at the Start of the Hedging Relationship
  • 7.12.6. Fair Valuations, Effective/Ineffective Amounts and Cash Flow Calculations
  • 7.12.7. Accounting Entries
  • 7.12.8. Concluding Remarks
  • 8.1. Case Study: Hedging a Floating Rate Foreign Currency Liability with a Receive-Floating Pay-Floating Cross-Currency Swap
  • 8.1.1. Background Information
  • 8.1.2. Determining Risk Components to Include in the Hedging Relationship
  • 8.1.3. Hedging Relationship Documentation
  • 8.1.4. Hedge Effectiveness Assessment
  • 8.1.5. Hedge Effectiveness Assessment Performed at the Start of the Hedging Relationship
  • 8.1.6. Fair Valuations, Effective/Ineffective Amounts and Cash Flow Calculations
  • 8.1.7. Accounting Entries
  • 8.1.8. Concluding Remarks
  • 8.2. Case Study: Hedging a Fixed Rate Foreign Currency Liability with a Receive-Fixed Pay-Floating Cross-Currency Swap
  • 8.2.1. Background Information
  • 8.2.2. Hedging Relationship Documentation
  • 8.2.3. Hedge Effectiveness Assessment
  • 8.2.4. Hedge Effectiveness Assessment Performed at the Start of the Hedging Relationship
  • 8.2.5. Fair Valuations, Effective/Ineffective Amounts and Cash Flow Calculations
  • 8.2.6. Accounting Entries
  • 8.2.7. Concluding Remarks
  • 8.3. Case Study: Hedging A Floating Rate Foreign Currency Liability with a Receive-Floating Pay-Fixed Cross-Currency Swap
  • 8.3.1. Background Information
  • 8.3.2. Hedging Relationship Documentation
  • 8.3.3. Hedge Effectiveness Assessment
  • 8.3.4. Hedge Effectiveness Assessment Performed at the Start of the Hedging Relationship
  • 8.3.5. Fair Valuations, Effective/Ineffective Amounts and Cash Flow Calculations
  • 8.3.6. Accounting Entries
  • 8.3.7. Concluding Remarks
  • 8.4. Case Study: Hedging A Fixed Rate Foreign Currency Liability with a Receive-Fixed Pay-Fixed Cross-Currency Swap
  • 8.4.1. Background Information
  • 8.4.2. Hedging Relationship Documentation
  • 8.4.3. Hedge Effectiveness Assessment.
  • Note continued: 8.4.4. Hedge Effectiveness Assessment Performed at the Start of the Hedging Relationship
  • 8.4.5. Fair Valuations, Effective/Ineffective Amounts and Cash Flow Calculations
  • 8.4.6. Accounting Entries
  • 8.4.7. Concluding Remarks
  • 9.1. Recognition of Equity Investments In Other Companies
  • 9.1.1. Hedging Investments Consolidated under Equity Method
  • 9.1.2. Impairment of Equity Investments
  • 9.2. Debt Versus Equity Classification of Own Instruments
  • 9.2.1. Recognition as a Liability
  • 9.2.2. Recognition as an Equity Instrument
  • 9.3. Hybrid Securities [2014] Preference Shares From an Issuer's Perspective
  • 9.3.1. Contractual Discretion
  • 9.3.2. Economic Compulsion
  • 9.3.3. Degree of Subordination
  • 9.3.4. Legal Form
  • 9.3.5. Entity's Historical Trend or Ability to Make Distributions
  • 9.4. Convertible Bonds [2014] Issuer's Perspective
  • 9.4.1. Convertible Bonds Denominated in the Entity's Functional Currency [2014] Fixed for Fixed
  • 9.4.2. Convertible Bonds Denominated in the Entity's Functional Currency [2014] Fixed for Variable
  • 9.4.3. Convertible Bonds Denominated in a Foreign Currency
  • 9.5. Convertible Bonds [2014] Investor's Perspective
  • 9.6. Derivatives on Own Equity Instruments
  • 9.6.1. Hedging Own Equity Instruments
  • 9.6.2. Derivatives on Own Equity Instruments
  • 9.7. Case Study: Accounting For A Stock Lending Transaction
  • 9.7.1. Accounting Entries
  • 9.7.2. Final Remarks
  • 9.8. Case Study: Accounting for a Mandatory Convertible Bond from an Issuer's Perspective
  • 9.8.1. Accounting for a Fixed Parity Mandatory Convertible Bond
  • 9.8.2. Accounting for a Variable Parity Mandatory Convertible Bond
  • 9.9. Case Study: Accounting for a Convertible Bond from an Issuer's Perspective
  • 9.9.1. Accounting for a Fixed-for-Fixed Convertible Bond
  • 9.9.2. Accounting for a Fixed-for-Variable Convertible Bond
  • 9.10. Case Study: Hedging Step-Up Callable Perpetual Preference Shares
  • 9.10.1. Accounting versus Credit Impact
  • 9.10.2. The Hedging Problem
  • 9.10.3. Accounting Entries
  • 9.10.4. Concluding Remarks
  • 9.11. Case Study: Base Instruments Linked To Debt Instruments
  • 9.12. Case Study: Parking Shares Through a Total Return Swap
  • 9.12.1. Asset Monetisation Strategy
  • 9.12.2. Accounting Entries
  • 9.13. Case Study: Hedging an Equity Investment with a Put Option
  • 9.13.1. Accounting Treatment of the Put Time Value when Excluded from the Hedging Relationship
  • 9.13.2. Accounting Treatment of the Put Time Value when Included in a Hedging Relationship
  • 9.14. Case Study: Selling A Forward on Own Shares
  • 9.14.1. Accounting Treatment of a Physically Settled Only Forward on Own Shares
  • 9.14.2. Accounting Treatment of a Forward on Own Shares Treated as a Derivative
  • 10.1. Types And Terminology of Stock-Based Compensation Plans
  • 10.1.1. Main Equity-Based Compensation Plans
  • 10.1.2. Terminology
  • 10.2. Accounting for Equity-Based Compensation Plans
  • 10.2.1. Vesting and Non-vesting Conditions
  • 10.2.2. Accounting for Stock Option Plans
  • 10.2.3. Accounting for Stock Appreciation Rights
  • 10.3. Case Study: ABC's Share-Based Plans
  • 10.3.1. Main Terms
  • 10.3.2. Accounting for ABC's Stock Option Plan
  • 10.3.3. Accounting for ABC's Stock Appreciation Rights
  • 10.4. Main SOP/SAR Hedging Strategies
  • 10.4.1. Underlying Risks in SOPs and SARs
  • 10.4.2. Hedging with Treasury Shares
  • 10.4.3. Hedging with Equity Swaps
  • 10.4.4. Hedging with an Enhanced Equity Swap
  • 10.4.5. Hedging with Standard Call Options
  • 10.5. Case Study: Hedging a Stock Option Plan with an Equity Swap
  • 10.6. Case Study: Hedging an SAR Plan with a Call
  • 11.1. Main Commodity Underlyings
  • 11.2. Lease, Derivative and Own-Use Contracts
  • 11.2.1. Definitions of Lease, Derivative and Own-Use Contracts
  • 11.2.2. Use of Similar Contracts for both Own-Use and Trading Purposes
  • 11.3. Categorisation According to Settlement Terms
  • 11.3.1. Physically Settled Commodity Contracts
  • 11.3.2. Net Settled Commodity Contracts
  • 11.3.3. Commodity Contracts with Choice of Physical Delivery or Net Settlement
  • 11.4. Case Study: Hedging Gold Production with a Forward [2014] Own-Use Application
  • 11.5. Case Study: Raising Financing Through a Gold Loan
  • 11.6. Case Study: Hedging a Silver Purchase Firm Commitment with a Forward [2014] Fair Value Hedge
  • 11.6.1. Hedging Strategy
  • 11.6.2. Hedging Relationship Documentation
  • 11.6.3. Hedge Effectiveness Assessment
  • 11.6.4. Hedge Effectiveness Assessment Performed at the Start of the Hedging Relationship
  • 11.6.5. Fair Valuations of Hedging Instrument and Hedged Item
  • 11.6.6. Accounting Entries
  • 11.7. Case Study: Hedging Commodity Inventory with Futures
  • 11.7.1. Recognition of Inventories according to IAS 2
  • 11.7.2. Applying Hedge Accounting to Inventory
  • 11.7.3. Background Information
  • 11.7.4. Hedging Relationship Documentation
  • 11.7.5. Hedge Effectiveness Assessment
  • 11.7.6. Hedge Effectiveness Assessment Performed at the Start of the Hedging Relationship
  • 11.7.7. Fair Valuations of Hedging Instrument and Hedged Item
  • 11.7.8. Accounting Entries
  • 11.8. Case Study: Hedging a Highly Expected Purchase Of Oil With Futures and an FX Forward [2014] Cash Flow Hedge
  • 11.8.1. Background Information
  • 11.8.2. Hedging Relationship Documentation
  • 11.8.3. Hedge Effectiveness Assessment
  • 11.8.4. Hedge Effectiveness Assessment Performed at Hedging Relationship Inception
  • 11.8.5. Fair Valuations of Hedging Instrument and Hedged Item
  • 11.8.6. Accounting Entries
  • 11.9. Case Study: Airline Jet Fuel Consumption Hedge With Jet Fuel and Crude Oil [2014] Risk Component
  • 11.9.1. Background Information
  • 11.9.2. Hedging Risk Components
  • 11.9.3. Hedging Relationship Documentation
  • 11.9.4. Hedge Effectiveness Assessment
  • 11.9.5. Hedge Effectiveness Assessment Performed at the Start of the Hedging Relationship
  • 11.9.6. Fair Valuations and Accounting Entries on 30 June 20X5
  • 11.9.7. Concluding Remarks
  • 12.1. Inflation Markets [2014] Main Participants and Indices
  • 12.1.1. Inflation Market Participants
  • 12.1.2. Measuring Inflation from Indices
  • 12.1.3. Main Inflation Indices
  • 12.1.4. Components of a Bond Yield and the Fisher Equation
  • 12.1.5. Breakeven Inflation
  • 12.2. Inflation-Linked Bonds
  • 12.3. Inflation Derivatives
  • 12.3.1. Zero-Coupon Inflation Swaps
  • 12.3.2. Non-cumulative Periodic Inflation Swaps
  • 12.3.3. Cumulative Periodic Inflation Swaps
  • 12.3.4. Inflation Caps and Floors
  • 12.4. Inflation Risk Under IH(S 9
  • 12.4.1. Hybrid Instruments
  • 12.4.2. Hedging Inflation as a Risk Component
  • 12.5. Case Study: Hedging Revenues Linked To Inflation
  • 12.5.1. Background
  • 12.5.2. Hedging Relationship Documentation
  • 12.5.3. Hedge Effectiveness Assessment [2014] Hypothetical Derivative
  • 12.5.4. Hedge Effectiveness Assessment Performed at Start of the Hedging Relationship
  • 12.5.5. Fair Valuations of the ILS and the Hypothetical Derivative
  • 12.5.6. Accounting Entries
  • 12.5.7. Concluding Remarks
  • 12.6. Matching An Inflation-Linked Asset with a Floating Rate Liability
  • 13.1. Positive Influence on The Profit or Loss Statement
  • 13.2. Substantial Operational Resources
  • 13.3. Limited Access to Hedging Alternatives
  • 13.4. Risk of Reassessment of Highly Probable Transactions
  • 13.5. Low Compatibility With Portfolio Hedging
  • 13.6. Final Remarks.

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