Accounting for Derivatives and Hedges

Derivatives and hedges have a well-earned reputation for arcane accounting rules. This manual cuts through the jargon to the essential accounting required for derivatives and hedges, as well as the associated controls and disclosures. It specifically emphasizes cash flow hedges and fair value hedges. In addition, it is helpful to see how derivatives are used, so the manual addresses how they can be deployed to mitigate certain types of risk.