Original Articles

Accounting for futures and options in terms of IASC proposals: practitioners’ views in South Africa

Published in: South African Journal of Accounting Research
Volume 14 , issue 1 , 2000 , pages: 21–34

DOI: 10.1080/10291954.2000.11435091

Author(s): S Baker South African Breweries, , G K Everingham Department of Accounting,

Keywords: international standards , financial instruments , futures , options , reliability , speculative gains , mark to market , hedge transactions , hedging mismatches , derivatives

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Abstract

This paper outlines the development and nature of the International Accounting Standards Committee’s proposals in relation to financial instruments. It considers the applicability of the specific principles therein in relation to accounting for futures and options traded on the South African Futures Exchange (SAFEX).

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