Multiple Choice
The primary distinction between FAS 133 and IAS 39 is
A) IAS 39 does not permit hedge accounting
B) IAS 39 was adopted earlier than FAS 133
C) IAS 39 applies only to publicly traded corporations
D) IAS 39 applies to all financial assets and liabilities,not just derivatives
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q32: The United States government,in general,does not use
Q33: The basic premise behind FAS 133 is
Q34: End users typically invest more resources in
Q35: Senior management should evaluate trading performance on
Q36: Dealers typically have more sophisticated risk management
Q38: There are two distinct groups of specialists
Q39: An effective risk management system requires that
Q40: Which of the following methods is not
Q41: Hedge accounting,based on FAS 133,addresses all of
Q42: Derivatives activities in end users are primarily