The recognition of a derivative classified as a fair value hedge of a firm commitment as an

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The recognition of a derivative classified as a fair value hedge of a firm commitment as an asset but not recognizing the commitment that the derivative is hedging as a liability is inconsistent. Do you agree? Why or why not?

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Financial Accounting an introduction to concepts, methods and uses

ISBN: 978-0324789003

13th Edition

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

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Question Posted: Dec 12, 2011 10:22 AM

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The recognition of a derivative classified as a fair value hedge of a firm commitment as an

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Firms do not recognize the fair value of the commitment except to the extent t...View the full answer

Financial Accounting an introduction to concepts, methods and uses

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