Premium
FASB's derivatives ED: Some concerns about applying the proposed standard
Author(s) -
Smith Pamela A.,
Cazolas Carrie,
Norton Curtis
Publication year - 1996
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970080105
Subject(s) - sophistication , statement (logic) , accounting , financial statement , business , actuarial science , economics , law , political science , philosophy , audit , aesthetics
There is no doubt that the sophistication of transactions and needs of financial statement users have outpaced accounting rules. The authors discuss the latest FASB exposure draft on derivatives, but also air some concerns about applying it.