Analysts' responses to alternative methods of reporting unrealised gains and losses on derivatives

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Show simple item record Bierstaker, James en_US Thosar, Satish en_US Wiest, David en_US 2010-05-14T07:46:54Z 2010-05-14T07:46:54Z 2010-05-14T07:46:54Z en_US 2004 2004 en_US
dc.identifier 2004000948 en_US
dc.identifier.citation Bierstaker James, Thosar Satish, and Wiest David 2004, 'Analysts' responses to alternative methods of reporting unrealised gains and losses on derivatives', Allied Academics, vol. 8, no. 1, pp. 1-27. en_US
dc.identifier.issn 1096-3685 en_US
dc.identifier.other C1 en_US
dc.description.abstract With the publication of two statements on accounting for derivatives (SFAS 133 and SFAS 138), the Financial Accounting Standards Board (FASB) has taken another substantial step on the path toward its goal of requiring the reporting of all financial instruments at market value, generally with unrealized gains and losses included in income. This study investigates whether reporting an unrealized gain or loss in a separate line item on the income statement, as opposed to disclosure only in a footnote, affects how financial analysts use and evaluate information on such gains and losses. The vehicle for this research is unrealized gains or losses on derivatives. The study consisted of short financial analysis cases, presented to financial analysts and executives primarily through mail surveys. Each subject received one of the four different possible combinations of derivative gain or loss and disclosure type. When the unrealized derivative gain/loss was included as a separate line item in the income statement, analysts included the gain/loss significantly more often in their P/E ratios, and were more likely to list the derivative as a factor affecting their investment recommendation, than when the derivative gain/loss was disclosed only in a footnote. en_US
dc.publisher Allied Academics en_US
dc.relation.isbasedon en_US
dc.relation.isbasedon NA en_US
dc.title Analysts' responses to alternative methods of reporting unrealised gains and losses on derivatives en_US
dc.parent Academy of Accounting and Financial Studies Journal en_US
dc.journal.volume 8 en_US
dc.journal.number 1 en_US
dc.publocation Cullowhee en_US
dc.identifier.startpage 1 en_US
dc.identifier.endpage 27 en_US BUS.School of Finance and Economics en_US
dc.conference Verified OK en_US
dc.for 150103 en_US
dc.personcode 0000022562 en_US
dc.personcode 000691 en_US
dc.personcode 0000022563 en_US
dc.percentage 100 en_US Financial Accounting en_US
dc.classification.type FOR-08 en_US
dc.description.keywords NA en_US

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