CCH Accounting for Derivatives and Hedging [Perfect Paperback]

James F. Green (Author)

Book Description

ISBN-10: 080809100X | ISBN-13: 978-0808091004 | Publication Date: August 18, 2007 | Edition: 2008

CCH Accounting for Derivatives and Hedging offers professionals comprehensive guidance for applying the intricate and expansive requirements of FASB Statement No. 133, Accounting for Derivative Instruments and Hedging Activities, and its amendments. Since its issuance, the FASB has amended and interpreted Statement 133 numerous times, making the accounting guidance for derivatives and hedging activities one of the most complex and frequently misunderstood accounting principles used in business today. CCH Accounting for Derivatives and Hedging helps users identify the nuances of accounting for these types of activities and provides practical guidance on how to apply these principles to typical situations currently encountered in practice in numerous types of transactions, including: fair value hedges; interest-rate swaps; cash flow hedges; embedded derivative instruments; net investment hedges; and disclosures. This expansive guide provides professionals with a practical resource by selectively combining information from the official text of the FASB, along with information drawn from the rules and releases of the SEC, consensuses of the EITF, and lessons learned from leading practitioners in the field. CCH Accounting for Derivatives and Hedging is composed of five major sections. SECTION I encompasses the scope and definition of derivative instruments, embedded derivative instruments, and the recognition of derivatives and measurement of derivatives and hedged items. SECTION II covers fair value hedging. SECTION III deals with cash flow hedges. SECTION IV details foreign currency hedges, accounting by nonprofit organizations and other entities that do not report earnings, disclosures, reporting changes in the components of comprehensive income, and implementation guidance. SECTION V covers recent developments. The publication also includes an appendix on derivative accounting prior to Statement 133, summarizing the key differences between Statement 133 and previo

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About the Author

James F. Green is an Ilinois CPA who helps people understand complex accounting principles through his writing and by onsite training. Previously, as a partner in Arthur Andersen LLP's Professional Standards Group, he developed and communicated Andersen's technical accounting positions on derivatives, hedging activities, financial instruments, securitizations, and foreign currency translation--authoring firm guidance and comment letters, participating in the U.S. and international standards-setting process, and consulting with internal and external clients. Before joining Andersen, Jim managed and was a primary author on financial services issues for the American Institute of Certified Public Accountants, working with the U.S. Congress, federal regulatory agencies, private-sector standards setters, and CPAs in industry and public practice on relevant issues and proposals. Jim received a BBA in accounting from the College of William and Mary in Virginia. He joined the AICPA after six years of experience serving large publicly held financial services clients at KPMG.

Product Details

• Perfect Paperback: 1290 pages
• Publisher: CCH, Inc.; 2008 edition (August 18, 2007)
• Language: English
• ISBN-10: 080809100X
• ISBN-13: 978-0808091004
• Product Dimensions: 9 x 6 x 2.2 inches
• Shipping Weight: 2.9 pounds
• Amazon Best Sellers Rank: #2,583,954 in Books (See Top 100 in Books)