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Accounting for Futures Contracts and the Effect on Earnings Variability.

Jennifer Francis

The Accounting Review 1990

Examines commercial banks' and brokerage firms' claim that existing accounting rules for futures contracts increase earnings variability in the United States. Background on the SFAS No. 80 requiring banks to recognize market changes in futures contracts that qualify as micro and macro hedges; Hedging interest rate exposures; Accounting for futures contracts by commercial banks.

DOI
10.2308/tar-9603274137
Volume
65 (4)
Pages
891-910
Language
en
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