accounting

accounting

University of New Hampshire

University of New Hampshire Scholars' Repository
Honors Theses

Student Scholarship

Fall 2014

Accounting for Financial Instruments: Difficulties
with Fair Value Measurement and Reporting
Lindsey T. Byrne
University of New Hampshire, ltp6@unh.edu

Follow this and additional works at: http://scholars.unh.edu/honors
Part of the Accounting Commons, and the Finance and Financial Management Commons
Recommended Citation
Byrne, Lindsey T., "Accounting for Financial Instruments: Difficulties with Fair Value Measurement and Reporting" (2014). Honors
Theses. Paper 159.

This Senior Honors Thesis is brought to you for free and open access by the Student Scholarship at University of New Hampshire Scholars' Repository.
It has been accepted for inclusion in Honors Theses by an authorized administrator of University of New Hampshire Scholars' Repository. For more
information, please contact scholarly.communication@unh.edu.

Accounting for Financial Instruments:
Difficulties with Fair Value Measurement and Reporting

Lindsey Byrne
ADMN 799 Honor’s Thesis in Accounting
Dr. Le (Emily) Xu
Fall 2013

1|Page

Appendix
I. Introduction to Financial Instruments…………………. Page 3
a. Definition/Scope………………………………. Page 3
b. Financial Instrument Standards and the
Global Financial Crisis of 2008…………... Page 4
c. FASB/IASB’s Recognition for Convergence
on Financial Instruments Standards .....…...

Page 6

II. FASB/IASB Convergence Project Background...…….

Page 8

III. Financial Instruments: Current Accounting
Practices…………………………………… Page 13
a. Equity Securities……………………………... Page 13
i. Securities without Significant
Influence…………………………. Page 15
ii. Securities with Significant Influence…. Page 18
b. Debt Securities……………………………….. Page 19
c. Other Securities/Derivatives/Hedging……….. Page 24
i. Monetary Gold and SDRs…………….. Page 24
ii. Financial Derivatives………………… Page 24
iii. Financial Futures…………………….. Page...

Similar Essays