SFAS 133 Introductory Assignment
Bob Jensen at Trinity University
Please scroll down in this frame to view the questions and links.

Assignment: Introductory Questions for SFAS 133 statement on derivatives is available as Publication Number 186-B, June 1998, Product Code S133
FASB Statement No. 133, Accounting for Derivative Instruments and Hedging Activities
Telephone (800) 748-0659 or go to web site http://www.rutgers.edu/Accounting/raw/fasb/home2.html
Copies are $11.50 each and are subject to academic discounting

SFAS 133 replaces the Exposure Draft publication Number 162-B, June 1996

Helpers and links can be found at http://WWW.Trinity.edu/rjensen/acct5341/index.htm

My student project cases are listed at http://WWW.Trinity.edu/rjensen/busn2311/students.htm#Spring98b

Question 02
What is the political history of SFAS 133 and what political issues remain?
Click here to view the answer to Question 02.

Question 03
What major accounting rules applied to derivatives before the FASB’s SFAS 133?
What FASB standards were superseded by SFAS 133 ? Discuss in terms of each types of derivative listed in your answer to Question 1.
Click here to view the answer to Question 03.

Question 04
What are the controversial disclosure rules required by the SEC for derivatives?
Click here to view the answer to Question 04.

Question 05
What is the IASC planning for derivatives accounting?
Click here to view the answer to Question 05.

Question 06
Does the FASB require fair market value accounting for all financial instruments?
Will the IASC require fair market value accounting for all financial instruments?
Click here to view the answer to Question 06.

Question 07
How does the FASB justify the need for SFAS 133?
Click here to view the answer to Question 07.

Question 08
What are the major types of derivatives risk?
Click here to view the answer to Question 08.

Question 09
What derivative contracts are excluded from coverage by SFAS 133?
Click here to view the answer to Question 09.

Other assignment questions on derivatives accounting can be found at:

http://WWW.Trinity.edu/~rjensen/acct5341/class02.htm

http://WWW.Trinity.edu/~rjensen/acct5341/class03.htm

http://WWW.Trinity.edu/~rjensen/acct5341/class04.htm

http://WWW.Trinity.edu/~rjensen/acct5341/class05.htm

http://WWW.Trinity.edu/~rjensen/acct5341/class06.htm

Helpers and links can be found at http://WWW.Trinity.edu/rjensen/acct5341/index.htm

My student project cases are listed at http://WWW.Trinity.edu/rjensen/busn2311/students.htm#Spring98b