IAS-IFRS Accounting Treatment for Financial Option Contracts with IASI-FRS
* Dr. Ali BENDOB, Institute of Economic Sciences and Business & Management Sciences, University Center of Ain Temouchent, 46000, Algeria Tel: 213 660659863 email:
[email protected] 1
IFRS IAS 39 SCF IAS 39 Abstract The accounting treatment of derivative financial aspects of one of the most complex and challenging in the rules of IFRS, which is boosted by the challenge that the relationship between risk management and accounting. This study aims to present and discuss the subject of options contracts and the accounting treatment of her in accordance with the international accounting standards (IAS 39), as Algeria is recent in the application of financial accounting system (SCF), which draws from international accounting standards, we have tried to discuss this issue to enrich private and that some national companies have practices related to financial derivatives contracts. Keywords: Financial Derivatives, Options Contracts, International Accounting Standards, IAS 39, Hedge Accounting. I
IFRS IFRS IFRS
2
2005
SCF
IFRS N°9 IAS N°39
II
1973
1
1
2
3
3 1 3 Call option
4
Put option
4
5
1 4
6
IFRS N°9 IAS N°39
:
III
IAS39 10
IAS N°39
1 1 1
2 1
7
3 1
8
9
4 1
Hedge Accounting Necessary
15
IAS39
IAS39 16
1 4 1 P&L
39
2 4 1
10
l’inefficacité de la couverture
3 4 1
39 (Highly effective) (offsetting changes) 21 125 80
2
IFRS N° 07 –
:
07
IASB
2006
2007 . :
11
:
.
. .
3
IFRS N° 09 IASB
39 2015
09
80 125
39 39
EU’s IAS 39 IFRS
12
US GAAP25 SFAS N°133
21 32
IV
1 2.2
15000
2014 06 01
24.5 2014 09 30
2014 06 01
-
2014 09 30
-
33000 15000 2.2 33000
13
15000 25.86 387900 367500 15000 24.5 367500 33000 12600 387900 33000
قمية اخليار الواحد
25.86 رحب غري حمدود
24.5
26.7
القمية السوقية للأصل حمل التعاقد
خسارة حمدودة -2.2 2014/09/30 2014/06/01
26.7 0.84 15000 0.84
14
12600
2 2014 04 21 10000
1
10000 44 2014 07 21 42.35
45.81
2014 04 21
-
2014 07 21
-
10000 1 10000 10000
10000 42.35 423500 440000 10000 44 42.35 34600 10000 45.81 10000 1 45.81 44 8100 10000
15
قمية اخليار الواحد
45.81
44
45 رحب حمدود
+1
القمية السوقية للأصل حمل التعاقد
خسارة غري حمدود 2014/07/21 2014/04/21
0.81
3 3000
2013 10 11
35 2014 04 11 3000
-
33.4 34
2013 10 11 4950 1.65 3000 4950
16
1.65
2014 04 11
-
35 3000 105000 3000 1.65 33.4 35 150 3000 34 10200 150 4950
قمية اخليار الواحد
2013/10/11
2014/04/11
رحب غري حمدود
القمية السوقية للأصل حمل التعاقد
1.65 -
خسارة حمدودة 33.35 35
33.4
4 IBM
2500 HBK 80
2014 04 14
17
1 2014 07 20
74.2
-
2014 04 14
-
2014 07 20
80
1 2500 2500 2500
74.2 2500 185500 80 2500 10200 2500 4.8 12000 12000
قمية اخليار الواحد
2014/04/14 2014/07/20 +1
رحب حمدود
القمية السوقية للأصل حمل التعاقد
خسارة غري حمدودة 80 خسارة وحدوية 4.8 =79- 47.2
18
79 74.2
V
39 IFRS
IFRS N09
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18
2005
2
2007
3
2007 142
4 BRUCE LAGRANGE(2006), Présentation et comptabilisation des options d'achat d'actions, Université du Québec à Montréal, Canada. 19 5
148
6
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7
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2012 8 9
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60 57
2013 21 22
23 DELOITTE, Sous les projecteurs, La comptabilité de couverture avec options financières et dérivés structurés , http://www.google.dz/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CBsQFjAA&u rl=http%3A%2F%2Fwww.iasplus.com%2Fen%2Fpublications%2Fcanada%2Fother%2Fsous-les-projecteurs2014-la-comptabilite-de-couverture-pour-les-options-financieres-et-derivesstructures%2Fat_download%2Ffile%2FA_Closer_Look_Sept_2012_FR.pdf&ei=9zMSVIKTPM7uaL6zgcAF& usg=AFQjCNGzji2CcfdnJY_gaePb7YD10q2uSg&bvm=bv.75097201,d.d2s 24 IFRS N°09 www.isb.org 25 US Generally Accepted Accounting Principles 26 Foulquier Philippe et Touron Philippe, Dérivés et comptabilité de couverture en IFRS : vers une (mé)connaissance des risques ?, Comptabilité - Contrôle - Audit, 2008/3 Tome 14, p. 7-38. DOI : 10.3917/cca.143.0007, http://www.cairn.info/revue-comptabilite-controle-audit-2008-3-page-7.htm 27 Rajas Parchure & S.Uma, Derivatives Accounting –A New Option for The future, Bimaquest - Vol. VI Issue I, January 2006, pp43-70, India. Technical Line, Accounting for deals with puts, calls or forward contracts can be complex, http://www.google.dz/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CB0QFjAA&u rl=http%3A%2F%2Fwww.ey.com%2Fpublication%2Fvwluassetsdld%2Ftechnicalline_bb2538_complexdealstr uctures_part2_15may2013%2F%24file%2Ftechnicalline_bb2538_complexdealstructures_part2_15may2013.pdf %3FOpenElement&ei=PTISVLXjIYvkapeSgsgM&usg=AFQjCNGsAuTtzODaKmc6f3VBP1_Nvb5kQ&bvm=bv.75097201,d.d2s 28
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