Transcription of FINANCIAL INSTRUMENTS
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FINANCIAL INSTRUMENTS Dr. Barry EpsteinAbout The AuthorBarry Jay Epstein, , CPA, CFF has practiced as a technical and litigation consultant, expert witness, writer and lecturer on US GAAP, IFRS, and auditing standards for over forty years. He is a principal in the Chicago and Detroit (USA) based firm, Cendrowski Corporate Advisors LLC, and holds degrees from DePaul University ( , 1967), University of Chicago ( , 1969), and University of Pittsburgh ( , 1979), as well as the CPA and CFF (certified in FINANCIAL forensics) designations.
derivative financial instruments (e.g., call options, put options, forwards, futures, and swaps). Derivatives are contracts that allow entities to speculate regarding – or hedge against – future changes in market factors at a relatively low or with no initial cost. Derivative financial instruments under FRS 39
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