International comparison of the theory of hedge accounting and a survey of the practice

对冲会计理论的国际比较及实践调查

基本信息

批准号：
12630160
负责人：
URASAKI Naohiro
金额：
$ 1.09万
依托单位：
KINKI UNIVERSITY
依托单位国家：
日本
项目类别：
Grant-in-Aid for Scientific Research (C)
财政年份：
2000
资助国家：
日本
起止时间：
2000 至 2002
项目状态：
已结题

来源：
https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-12630160/
关键词：
Deregulation of global market Risk management Derivatives Mark to market accounting Hedge accounting Fair value Comprehensive income Brand evaluation 金融の自由化金融の国際化金融リスクコーポレート・ガバナンス金融商品

项目摘要

Purposes of this research are described as (1) to review the theories underpinning the accounting standards for hedging activities in selected countries, (2) to unveil the current practice of hedge accounting in Japan, and (3) to recommend proposals to improve accounting framework in an era of global economy.Research results of the above subjects were published as Fair Value Accounting. This book is divided into five parts; (1) Background of fair value accounting, (2) Recognition in fair value accounting, (3) Measurement in fair value accounting, (4) Reporting of the business performance, and (5) Survey of risk management and current state of fair value accounting. In the part of background of fair value accounting, necessity of the accounting is discussed and theoretical basic structure is demonstrated by an analysis of financial assets and liabilities held by listed Japanese firms. The first part of this book forms a basis to apply fair value accounting to a business practice.In the … More part for recognition and measurement problems, recognition criteria for leasing and financial instruments are considered to have balance sheet include those transactions. Four criteria as definition, measurement, relevance, reliability are required to meet for recognition of newly emerged financial activities in 1990s. It is a theoretical contribution that probability concept should be applied to financial derivatives through the weighted probability approach. For measurement issues, measurement attribute as fair value is the most appropriate one for measuring substance of financial instruments and comprehensive income. Fair value would communicate useful information concerning results of hedging activities and risk management to investors. Capital maintenance concept as current-market-rate-of-retura for financial instruments is also discussed. Comprehensive income reflects all financial performance of the business at the end of a fiscal year.Accounting framework indicated above will be the same effective scheme as accounting for impairments of long-lived assets and evaluation of brand assets. Future research subject is to improve the framework of fair value accounting and discuss general applicability of that framework to non-financial assets and intangible assets. Those constitute a big challenge for traditional cost-based accounting framework. Less

这项研究的目的被描述为（1）审查基于选定国家 /地区对冲活动的会计标准的理论，（2）揭示日本当前的对冲会计实践，以及（3）建议在全球经济时代改善会计框架的提案。以上主题的搜索成果的研究框架是公平价值的研究结果。这本书分为五个部分。（1）公允价值会计的背景，（2）公允价值会计中的识别，（3）公允价值会计中的测量，（4）业务绩效报告，以及（5）风险管理和当前公允价值会计状态的调查。在公允价值会计背景的一部分中，讨论了会计的必要条件，并通过对上市日本公司持有的金融资产和负债的分析来证明理论基本结构。本书的第一部分构成了将公允价值会计应用于业务实践的基础。需要四个标准作为定义，测量，相关性，可靠性需要满足1990年代新出现的财务活动的认可。理论上的贡献是，应通过加权概率方法将概率概念应用于金融导数。对于测量问题，作为公允价值的测量属性是衡量金融工具和综合收入物质的最合适的价值。公允价值将向投资者传达有关对冲活动和风险管理结果的有用信息。还讨论了作为金融工具的当前市场利率的资本维护概念。综合收入反映了财政年度结束时业务的所有财务业绩。未来的研究主题是改善该框架对非财务资产和无形资产的一般适用性的公允价值会计和讨论的框架。对于传统的基于成本的会计框架，这些构成了巨大的挑战。较少的