Accounting for Options, Forwards and Futures Contracts
讨论了用于套期的期权、远期和期货合约的会计处理，指出现行套期会计未反映经济实质，并提出了一个适用于所有套期活动的理论框架，建议美国财务会计准则委员会不再采用渐进式方法，而是将现有公认会计原则整合为一份全面的套期会计声明。
This paper discusses accounting for options, forward contracts, futures contracts, and other related securities used for hedges. An examination of the accounting and finance literature, authoritative pronouncements, and accounting theories leads to the conclusion that the accounting treatment of hedges does not reflect economic reality. A theoretical framework for accounting for all hedge activities, regardless of the techniques or contracts used to hedge, is presented. The paper concludes that the Financial Accounting Standards Board should not continue its incrementalism approach for establishing accounting standards for options, forwards and futures contracts. Instead, existing GAAP should be codified into one comprehensive statement on hedge accounting.