Accounting for Futures Contracts within the Framework of TFRS 9 Financial Instruments Standard Provisions

Fatih Akdeniz

Makale detayları

Accounting for Futures Contracts within the Framework of TFRS 9 Financial Instruments Standard Provisions

Yazarlar:

Fatih Akdeniz

Yayıncı:

Gumushane University

Ana Başlıklar:

Finansal Muhasebe | Uluslararası Muhasebe

Dergi:

Gümüşhane Üniversitesi Sosyal Bilimler Dergisi Vol.15 Issue 1, pp.209-219

Belge Tipi:

Makale

Yayın Tarihi:

1/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001311129

pISSN:

1309-7423

Anahtar kelimeler:

Özet:

 Futures is defined as a contract for the purchase and sale of the underlying asset at a predetermined price in a certain period of time. It is important to determine the fair value of the contracts in question, how to determine the value changes during the maturity and how the results should be reflected in the financial statements. The purpose of this study is to examine the accounting and reporting principles of futures contracts within the framework of the hedge accounting provisions defined in TFRS 9 Financial Instruments Standard. As a matter of fact, the fair value of futures contracts is subject to continuous evaluation throughout the maturity period, and the final profit or loss is finalized as of the maturity date. In this regard, in accordance with the fair value approach of accounting standards, determining gains or losses related to futures contracts and transferring them to financial statements to the extent of accuracy and reliability is an important requirement for financial information users. In the study, futures contracts were evaluated in general, and then how futures contracts acquired for the purpose of hedging against fair value change risk and cash flow variability should be accounted for in accordance with the hedge accounting principles specified by TFRS 9 Financial Instruments Standard was explained with sample applications.

 Futures is defined as a contract for the purchase and sale of the underlying asset at a predetermined price in a certain period of time. It is important to determine the fair value of the contracts in question, how to determine the value changes during the maturity and how the results should be reflected in the financial statements. The purpose of this study is to examine the accounting and reporting principles of futures contracts within the framework of the hedge accounting provisions defined in TFRS 9 Financial Instruments Standard. As a matter of fact, the fair value of futures contracts is subject to continuous evaluation throughout the maturity period, and the final profit or loss is finalized as of the maturity date. In this regard, in accordance with the fair value approach of accounting standards, determining gains or losses related to futures contracts and transferring them to financial statements to the extent of accuracy and reliability is an important requirement for financial information users. In the study, futures contracts were evaluated in general, and then how futures contracts acquired for the purpose of hedging against fair value change risk and cash flow variability should be accounted for in accordance with the hedge accounting principles specified by TFRS 9 Financial Instruments Standard was explained with sample applications.

 Futures is defined as a contract for the purchase and sale of the underlying asset at a predetermined price in a certain period of time. It is important to determine the fair value of the contracts in question, how to determine the value changes during the maturity and how the results should be reflected in the financial statements. The purpose of this study is to examine the accounting and reporting principles of futures contracts within the framework of the hedge accounting provisions defined in TFRS 9 Financial Instruments Standard. As a matter of fact, the fair value of futures contracts is subject to continuous evaluation throughout the maturity period, and the final profit or loss is finalized as of the maturity date. In this regard, in accordance with the fair value approach of accounting standards, determining gains or losses related to futures contracts and transferring them to financial statements to the extent of accuracy and reliability is an important requirement for financial information users. In the study, futures contracts were evaluated in general, and then how futures contracts acquired for the purpose of hedging against fair value change risk and cash flow variability should be accounted for in accordance with the hedge accounting principles specified by TFRS 9 Financial Instruments Standard was explained with sample applications.

 Futures, dayanak varlığın önceden belirlenmiş fiyattan belirli bir vadede alım-satımına yönelik düzenlenen sözleşme olarak tanımlanmaktadır. Söz konusu sözleşmelerin gerçeğe uygun değer tespitinin yapılması, vade içerisindeki değer değişimlerinin nasıl belirleneceği ve sonuçların finansal tablolara nasıl yansıtılmasına gerektiği hususu önem arz etmektedir. Bu çalışmanın amacı, TFRS 9 Finansal Araçlar Standardında tanımlanan korunma muhasebesi hükümleri çerçevesinde futures sözleşmelerinin muhasebeleştirme ve raporlama esaslarını incelemektir. Nitekim futures sözleşmelerinin gerçeğe uygun değeri, vade süresi boyunca sürekli olarak değerlemeye tabi tutulmakta, nihai kar ya da zarar ise vade tarihi itibariyle kesinleşmektedir. Bu doğrultuda muhasebe standartlarının gerçeğe uygun değer yaklaşımı gereği futures sözleşmelerine ilişkin kazanç ya da kayıpların tespit edilmesi, doğruluk ve güvenilirlik ölçüsünde finansal tablolara aktarılması finansal bilgi kullanıcıları açısından önemli bir gerekliliktir. Çalışmada, futures sözleşmeleri genel olarak değerlendirilmiş, sonrasında gerçeğe uygun değer değişimi riski ile nakit akış değişkenliği riskinden korunma amaçlı edinilen futures sözleşmelerinin, TFRS 9 Finansal Araçlar Standardının belirttiği korunma muhasebesi esaslarına uygun olarak nasıl muhasebeleştirilmesi gerektiği, örnek uygulamalarla açıklanmıştır.

Makale detayları

Accounting for Futures Contracts within the Framework of TFRS 9 Financial Instruments Standard Provisions

Yazarlar:

Fatih Akdeniz

Yayıncı:

Gumushane University

Ana Başlıklar:

Finansal Muhasebe | Uluslararası Muhasebe

Dergi:

Gümüşhane Üniversitesi Sosyal Bilimler Dergisi Vol.15 Issue 1, pp.209-219

Belge Tipi:

Makale

Yayın Tarihi:

1/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001311129

pISSN:

1309-7423

Futures

TFRS 9 Financial Instruments Standard

Hedge AccountingFutures

TFRS 9 Finansal Araçlar Standardı

Korunma Muhasebesi

Sayı

Makale detayları

Accounting for Futures Contracts within the Framework of TFRS 9 Financial Instruments Standard Provisions

Yazarlar: Fatih Akdeniz

Yayıncı: Gumushane University

Ana Başlıklar: Finansal Muhasebe | Uluslararası Muhasebe

Dergi: Gümüşhane Üniversitesi Sosyal Bilimler Dergisi Vol.15 Issue 1, pp.209-219

Belge Tipi: Makale

Yayın Tarihi: 1/2024

Belge Dili: Türkçe

Document ID (Org No.): 2001311129

pISSN: 1309-7423

Futures

TFRS 9 Financial Instruments Standard

Hedge AccountingFutures

TFRS 9 Finansal Araçlar Standardı

Korunma Muhasebesi

Sayı

Yazarlar:

Fatih Akdeniz

Yayıncı:

Gumushane University

Ana Başlıklar:

Finansal Muhasebe | Uluslararası Muhasebe

Dergi:

Gümüşhane Üniversitesi Sosyal Bilimler Dergisi Vol.15 Issue 1, pp.209-219

Belge Tipi:

Makale

Yayın Tarihi:

1/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001311129

pISSN:

1309-7423