What are the differences in accounting for a forward contract used as (a) a cash flow hedge

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What are the differences in accounting for a forward contract used as (a) a cash flow hedge and (b) a fair value hedge of a foreign currency denominated asset or liability?

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Advanced Accounting

ISBN: 9781260247824

14th Edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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Question Posted: Oct 04, 2014 03:37 AM

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What are the differences in accounting for a forward contract used as (a) a cash flow hedge

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In both cases 1 sales revenue or the cost of the item purchased is determined using the spot rate at ...View the full answer

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