1. Footnote disclosures of accounting policies for derivatives often were too general to convey adequately the diversity in accounting that exists for derivatives. Thus, it often was difficult to determine the impact of derivatives on registrants' statements of financial position, cash flows, and results of operations.
2. Disclosures about different types of market risk sensitive instruments often were reported separately. Thus, it was difficult to assess the aggregate market risk exposures inherent in these instruments.
3. Disclosure about reported items in the footnotes to the financial statements, MD&A, schedules, and selected financial data may not have reflected adequately the effect of derivatives on such reported items. Thus, information about the reported items may have been incomplete and could be misleading.
For disclosures, the Commission used the following guiding principles:
ù Disclosures should make transparent the impact of derivatives on a registrant's statements of financial position, cash flows, and results of operations;
ù Disclosures should provide information about a registrant's exposures to market risk;
ù Disclosures should explain how market risk... [continues]
Cite This Essay
(2013, 03). Market Research. StudyMode.com. Retrieved 03, 2013, from http://www.studymode.com/essays/Market-Research-1551091.html
"Market Research" StudyMode.com. 03 2013. 2013. 03 2013 <http://www.studymode.com/essays/Market-Research-1551091.html>.
- MLA 7
"Market Research." StudyMode.com. StudyMode.com, 03 2013. Web. 03 2013. <http://www.studymode.com/essays/Market-Research-1551091.html>.
"Market Research." StudyMode.com. 03, 2013. Accessed 03, 2013. http://www.studymode.com/essays/Market-Research-1551091.html.