The Accounting Procedure for Hedging Financial Schemes with Non-derivative Instruments in Accordance with IFRS

Abstract

In financial and economic activity, quite often there are situations when financial schemes using different assets are used for the purpose of obtaining economic profit. In this study, we develop a special accounting procedure for hedging under IFRS, in which special attention is paid to accounting algorithms in the interim revaluation of the components of the financial scheme, which is often presented in the activities of financial and banking institutions. The algorithms use various revaluation concepts adopted in IFRS, in particular the concepts of amortized cost and fair value. These algorithms are based on the proposed mathematical methods of evaluation of financial instruments of different genesis: credit financial resources, currency financial instruments and derivatives of forward type. At the same time, the proposed approaches and methods can also be used in the preparation of reporting separately for accounting purposes.

Keywords

• мсфо
• учет хеджирования денежных потоков
• переоценка
• валютные финансовые инструменты
• кредитные инструменты
• форвард