Publication Date

1-1-1996

Document Type

Dissertation/Thesis

First Advisor

Norton, Curt

Degree Name

B.S. (Bachelor of Science)

Department

Department of Accountancy

Abstract

Interest rate swaps are becoming increasingly popular in financial markets today, both for speculative and hedging purposes. Because of this increase in use, it was necessary for the Financial Accounting Standards Board and the Securities and Exchange Commission to begin regulating the disclosure of these financial derivatives. Although several pronouncements from both of the previously mentioned governing bodies have been released in the past few years, the minimum requirements do not fully present a company's financial position in regard to their use of interest rate swaps. Since the majority of publicly held companies are meeting only the minimum requirements, many third party users are not given full disclosure. The purpose of this paper is to describe the current accounting standards set forth by the FASB and the SEC, to provide sample disclosures from several annual reports, and finally to recommend improvements that will enhance third party user's knowledge of a company's interest rate swap position.

Extent

35 pages

Language

eng

Publisher

Northern Illinois University

Rights Statement

In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Media Type

Text

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