| Abstract [eng] |
The dynamic nature of international financial markets led the wide-ranging using of full range of financial instruments, from simple traditional instruments such as bonds, to various forms of derivatives such as interest rate swaps. Such public and such private sector entities in their activities using a wide range of financial instruments, beginning such as payables and receivables, and ending with complex instruments, foreign exchange transactions in which hedged foreign currency liabilities. Financial instruments innovation contributed more efficient allocation of risk between borrowers and investors. However, some financial instruments may involve transactions that affect the company's accounts and it don’t show the true financial position. This raises the problem-how to detect and provide the financial instruments in order to inform stakeholders of a company's economic condition. Significant financial instrument using growth led foreign authors encouraged the financial instruments disclosure and presentation, while in Lithuania is just the beginning of financial instruments practice. The IASB has released standards for financial instruments disclosure, but companies still poses problems: what is the derivatives influence to the businesses and how some certain derivatives are associated with some risk. The object of research - the financial instruments accounting. The aim – to disclose the presentation of financial instruments, which reflect the true and fair the company's financial condition. According previous goal, dispossess the most important tasks: • To disclose company’s financial reports impacting to interested individuals. • To analyze the standards which regulated financial financial instruments disclosure and presentation. • To examinate various authors applications according of financial instruments disclosure and settle the difficulties of disclosure. • To examinate company's financial instruments disclosure and present techniques, to reveal how the different standards applied to adjust the level of disclosure. • To develop financials instruments presentation principles, which reflect stakeholders the fair company's financial situation. Structure. Work consists of three main parts. In the first part of "The necessity of financial instruments disclosure according the market economy" are analizing 26th IAC „Derivatives”, 32nd IFRS „Financial Instruments: Disclosure and Presentation”, 39th IFRS „Financial Instruments: Recognition and Measurement” and 161 GAAP „Disclosures about Derivative Instruments and Hedging Activities”. Analyzed the scientific literature of Lithuanian and foreign authors financial instruments literature. In the second paragraph, „The practice of financial instruments disclosure”, disclose the companies' financial instruments presentation in the financial statements, the encountered problems on the value of financial instruments and the volatility of the third „Financial instruments disclosure principles reflect the true economic situation of the company” offers the efficient principles which shows the persons concerned the extent of the company's financial instruments and potential future risks,their values and it reduce uncertainties. |
