Open AccessFinancial instruments for the development of the transport industry
Author(s) -
Л. И. Герасимова
Publication year - 2020
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/918/1/012218
Subject(s) - financial instrument , fair value , hedge accounting , derivative (finance) , hedge , business , accounting management , financial accounting , accounting , international financial reporting standards , cash flow , asset (computer security) , finance , cash , financial ratio , mark to market accounting , accounting standard , accounting information system , computer science , ecology , computer security , biology
The article analyzes the principles of using financial instruments established by International Financial Reporting Standards. It is shown that financial instruments have common approaches to the preparation of accounting financial statements according to both Russian and international standards. The features of using derivative financial instruments, which can be both instruments and objects of accounting in transport organizations, are disclosed. The main method that takes into account compensation for losses on existing assets and liabilities and income from concluded transactions with derivative financial instruments is analyzed. We consider hedge transactions in which the cash flows of hedging instruments and hedge operations are accounted for simultaneously and reflect the principle of accounting for hedging relationships. The conditions for performing operations with derivative financial instruments and accounting options for hedge transactions are analyzed. The rules for accounting for derivative financial instruments when hedging fair value and cash flows are disclosed. Examples of fair value hedging and future cash flows are provided. The article describes the indicators of asset recognition and criteria for derecognition of an asset. The new requirements of IFRS 9 for derecognition of an asset are analyzed and examples of their use are provided