Methodical Support for Accounting of Operations with Hedging Instruments and Items

The article is devoted to formation of methodical support for accounting of hedging operations. It is proposed to identify the financial instruments by the purchase value in the off-balance accounting, and the expenses connected with the operation – to represent on the account of deferred charges till the moment the expenses and incomes from the operations with hedging instruments are identified. The features of purchase and use of the hedging instruments are discussed concerning their types, and their effect is analyzed on assessment and representation on the bookkeeping accounts. It is shown that it is reasonable to reassess the hedging items on the separate account 'Reassessment of hedging items' opened within the main account for accounting of the hedging items. If the change of the hedging item fair value is considered to be within financial incomes and expenses in view of the division into efficient and inefficient parts of financial instrument value, then the principles of accounting and financial reporting are complied with, and the true information is given to the groups of the users concerned. The methodical support is drawn up for accounting representation of the hedging operations on the level required for management decision-taking in more efficient planning, analysis, control of company operations.