Disclosure de operações com derivativos: panorama internacional

Lopes, Alexsandro Broedel; Lima, Iran Siqueira

doi:10.1590/s1413-92511998000200003

Cited by 6 publications

(3 citation statements)

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“…For example, a company with sales in foreign currency but with costs and other expenses accrued in local/domestic currency needs to rely on certain tools to reduce undesirable volatility of its results and cash flows. A swap contract can reduce or eliminate an undesirable effect, but if the contract is not adequately used, the company may increase its level of risk (Lopes and Lima, 1998). Therefore, the disclosure of derivatives provides relevant information for external users of financial reports; moreover, the accounting of operations with these contracts is relevant for those who use financial information to take decisions.…”

Section: Introductionmentioning

confidence: 99%

Complexity in accounting for derivatives

Malaquias

Zambra

2019

ARJ

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Purpose The purpose of this study is to analyze the perception of accountants in relation to the complexity of accounting for financial instruments and in relation to the disclosure of financial instruments in annual reports. Both aspects are relevant for the external users, and for the firms’ internal management. Design/methodology/approach The database comprises questionnaires answered by accountants from Brazil and Chile. Data were analyzed based on reliability statistics and multivariate regression analysis. Findings The main results indicate that accountants perceive the accounting for derivatives, hedge accounting, fair value measurement of financial instruments and the respective disclosure of these operations as a complex issue. These findings are interesting considering that there are detailed accounting standards relating to financial instruments. Research limitations/implications The results indicate that education and gender affect the perception of complexity about accounting of derivatives. Practical implications Findings from this research show that accountants do perceive derivatives as complex items for accounting, particularly accounting for hedges. Social implications The results can motivate some initiatives for training activities and for teaching academic content about financial instruments in undergraduate courses. Originality/value To the best of the authors’ knowledge, this is the first study that tests some personal characteristics of accountants (namely, professional experience, education and gender), in contrast to their perceptions about complexity of accounting for derivatives.

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Section: Introductionmentioning

confidence: 99%

Complexity in accounting for derivatives

Malaquias

Zambra

2019

ARJ

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“…A evolução do tratamento contábil internacional também teve papel importante nos instrumentos derivativos, já que a IAS 39 instituída em 1999, mostrou-se insuficiente na crise de 2008 (Lopes, 1998).…”

Section: Introductionunclassified

Derivativos como instrumento de proteção para o Agronegócio – Foco em Câmbio

Negrisolo

Amorim

2022

RSD

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O Agronegócio é um ramo de atividade com risco elevado se comparada a outras atividades empresariais, inclusive pelo caráter biológico da sua produção. A Gestão moderna deste ramo de atividade preza cada vez mais pela previsibilidade de suas atividades, e a Gestão de Riscos ganhou protagonismo. Neste contexto o uso de Derivativos se difundiu como ferramental poderoso para esta finalidade. A pesquisa teve como objetivo abordar a evolução dos Derivativos, sua normatização contábil e como a utilização destes instrumentos agrega valor as empresas do Agronegócio. Utilizou-se como estudo de case a empresa SLC Agrícola, por intermédio de seu Balanço Patrimonial com foco na neutralização de riscos de produto e de volatilidade no Fluxo de Caixa. Os resultados obtidos mostraram a relevância da proteção com Derivativos na previsibilidade no Agro. Adicionalmente, o arcabouço de normativas contábeis e financeiras vigentes, permite uma Gestão de Risco em vários níveis da empresa, permitindo atribuir a eficiência de cada derivativo de acordo com seu objeto correspondente e acima de tudo, separando seu resultado e exposição da parte operacional da Companhia. Considera-se que uma empresa com décadas de atuação no ramo faz a utilização planejada e eficiente de Hedge nas partes que julga serem as mais relevantes do seu negócio.

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“…2 With the purpose of addressing this problem, important international efforts towards the assessment of the risk involved in positions held by financial institutions and its disclosure to the interested public have been made by the Financial Accounting Standard Board (FASB), [3][4][5][6][7] by the Bank of International Settlements (BIS) [8][9][10][11] and by the International Organization of Securities Commissions (IOSCO). 12 Nonetheless, it is up to the supervisory authority to monitor the economic and financial situation of banks.…”

Section: Introductionmentioning

confidence: 99%

A new proposal for collection and generation of information on financial institutions' risk: The case of derivatives

Vivan¹,

Tabak

2007

J Deriv Hedge Funds

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Practical applicationsThe following sections contain reports that reproduce the proposed information sets for linear and nonlinear instruments. The comments on the use of each one and the results of some tests are also presented. AbstractThis paper aims at providing a new alternative for the collection of information on risks taken by financial institutions, which enables the calculation of risk tools usually used in risk management, such as VaR and stress tests. This approach should help risk managers, off-site supervisors and academics in assessing the potential risks in financial institutions principally due to derivatives positions. The basic idea, for linear financial instruments, like that traditionally used by the management risk systems, is to reduce positions in risk factors and then map the vertices. For the nonlinear financial instruments, all the positions in different types of options -European, American, exotic, etc -are represented as plain vanilla European options or replicated by portfolios of plain vanilla European options. The methodology was applied to Brazil, within the worst scenarios during the period from 1994 to 2004, and the paper demonstrates that the proposed approach captured the risks satisfactorily in the analysed portfolios, including the risk existent in the strategies involving options, given an accepted error margin. This approach could be useful for regulators, risk managers, financial institutions and risk management modelling as it can be used as an input in general risk management models.

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Disclosure de operações com derivativos: panorama internacional

Cited by 6 publications

References 0 publications

Complexity in accounting for derivatives

Complexity in accounting for derivatives

Derivativos como instrumento de proteção para o Agronegócio – Foco em Câmbio

A new proposal for collection and generation of information on financial institutions' risk: The case of derivatives

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