Skip to main content
Article thumbnail
Location of Repository


By Covered Fasb, Statement No and Hedging Activities


An entity enters into forward contracts to acquire securities that will be accounted for under Statement 115 or purchases options to acquire those securities. The forward contracts and options are not covered by Statement 115. The forward contracts, purchased options, and underlying securities are denominated in the same currency as the entity's functional currency and there is a period of time between the date the forward contracts are entered into or the options are purchased and the date the underlying securities are acquired. This Issue addresses only the accounting for forward contracts and purchased options whose terms require physical settlement of the securities. The issue is how to account for forward contracts and purchased options with no intrinsic value at acquisition that are entered into to purchase securities that will be accounted for under Statement 115 during the period that the forward or option is outstanding and when the securities are acquired. EITF DISCUSSION Copyright © 2006, Financial Accounting Standards Board Not for redistributio

Year: 1996
OAI identifier: oai:CiteSeerX.psu:
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • (external link)
  • Suggested articles

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.