FAS 133

Statement of Financial Accounting Standard No. 133, Accounting for Derivative Instruments and Hedging Activities. A rule promulgated by the AICPA that establishes accounting and reporting standards for derivative instruments. The scope of the rule includes some derivative features embedded in other contracts. The rule establishes specific accounting and reporting requirements for derivatives used for each of two kinds of hedging activities - fair value hedges and cash flow hedges. This rule supersedes FAS 80, FAS 105, and FAS 119.

Financial and business terms. 2012.

Look at other dictionaries:

  • FAS 107 — Financial Accounting Standard No. 107, Disclosures About Fair Value of Financial Instruments. A rule promulgated by the AICPA that requires mark to market value disclosure of financial instruments. These disclosures are made in footnotes to… …   Financial and business terms

  • FAS 149 — Statement of Financial Accounting Standard No. 149, Amendment of Statement 133 on Derivative Instruments and Hedging Activities A rule promulgated by the Financial Accounting Standards Board ( FASB) that makes major changes to FAS 133. American… …   Financial and business terms

  • FAS 105 — An accounting rule that previously required disclosures of information about financial derivatives. Superseded by FAS 133. American Banker Glossary …   Financial and business terms

  • FAS 119 — An accounting rule that used to govern disclosures of financial derivatives. Superseded by FAS 133. American Banker Glossary …   Financial and business terms

  • FAS 138 — Statement of Financial Accounting Standard No. 138, Accounting for Certain Derivative Instruments Certain Hedging Activities A rule promulgated by the Financial Accounting Standards Board ( FASB) that makes major changes to FAS 133. American… …   Financial and business terms

  • FAS 80 — An accounting rule formerly applicable to futures contracts. See FAS 133. American Banker Glossary …   Financial and business terms

  • FASB 133 — Statements of Financial Accounting Standards No. 133, Accounting for Derivative Instruments and Hedging Activities , commonly known as FAS 133, is an accounting standard issued in January 2001 by the Financial Accounting Standards Board (FASB)… …   Wikipedia

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  • hedge effectiveness — The extent to which a hedge transaction results in the offsetting changes in value or cash flow that the transaction was and is intended to provide. FAS 133 requires users to regularly assess the effectiveness of hedges. Furthermore, under FAS… …   Financial and business terms

  • derivatives — (1) Financial instruments whose value depends upon the values of underlying assets, interest rates, currency exchange rates, or indexes. Various authorities define derivative instruments in broad, inclusive terms or narrow, exclusive terms. It is …   Financial and business terms

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