Can Accountants Understand Derivatives?

Derivatives are the Mata Hari of the global capital markets, says the author of this article. That's because derivatives are mysterious, possibly dangerous, and yet invitingly attractive. When derivatives fail, many people believe it is because accountants do not understand derivatives—despite...

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Bibliographic Details
Published in:The Journal of Corporate Accounting & Finance 2013-09, Vol.24 (6), p.49-54
Main Author: Le Guyader, Louis P.
Format: Article
Language:English
Subjects:
Accountants
Accounting
Derivatives
Knowledge
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Summary:Derivatives are the Mata Hari of the global capital markets, says the author of this article. That's because derivatives are mysterious, possibly dangerous, and yet invitingly attractive. When derivatives fail, many people believe it is because accountants do not understand derivatives—despite the pitched battle that has raged over many years between accountants and the derivatives community. Is there clear evidence that accountants do not understand derivatives? And if so, what knowledge is lacking? The author takes a close look at these issues, and also gives you a chance to test your own knowledge of derivatives with a quick quiz. © 2013 Wiley Periodicals, Inc.
ISSN:1044-8136
1097-0053
DOI:10.1002/jcaf.21891