Analysis and comparison of local, American and international Accounting regulation in the treatment of derivative assets.
Arias Moya, José
Yáñez Andrades, Verena
Enlace al recursohttp://revistas.usta.edu.co/index.php/activos/article/view/4574
- Activos 
The imminent development of the derivatives market internationally, as likewise in ours (average transaction volume of around U.S. $ 2,000 million, representing 43 % of the cash market volume) and the growing interest of companies to cover financial risks, motivated us to deepen on the accounting treatment of these assets under the various regulations, focusing primarily on the classification, assessment, initial and subsequent recognition of these assets. Therefore, we have developed a project that analyzes and compares the accounting and financial derivative assets under different accounting rules, including: our local standard according to GAP4 , American standard, under U.S. GAAP and European Standard based on IFRS, in order to determine significant differences in the accounting treatment of derivative assets given the application of the above standards. To do this, we proceeded to the literature review of texts related to the topic of derivative asset valuation, risk management and hedging strategy and analysis updated texts related to the standards described, obtaining preliminary results, some similarities one that is related to all derivatives be recognized as assets and liabilities in the statement of financial position, initially at fair value and some differences as those associated with the formal requirements for hedge accounting, the asset revaluation embedded derivatives, the limits of the coverage, among others.
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