Comparação das normas contábeis nacionais e internacionais do hedge cambial e um estudo de caso para o mercado brasileiro

• Ano de defesa: 2004
• Autor(a) principal: Teixeira, Valtier Buch
• Orientador(a): Securato, José Roberto
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: por
• Instituição de defesa: Pontifícia Universidade Católica de São Paulo
• Programa de Pós-Graduação: Programa de Estudos Pós-Graduados em Ciências Contábeis e Atuariais
• Departamento: Faculdade de Economia, Administração, Contábeis e Atuariais
• País: BR
• Palavras-chave em Português: Derivativos (Financas); Hedge cambial; Ciencias Contabeis e Financeiras
• Área do conhecimento CNPq: CNPQ::CIENCIAS SOCIAIS APLICADAS::ECONOMIA::METODOS QUANTITATIVOS EM ECONOMIA::CONTABILIDADE NACIONAL
• Link de acesso: https://tede2.pucsp.br/handle/handle/18441

Risks are present in all economic activities. Among them there is the foreign exchange risk. To hedge this risk. derivatives have been very much used ando due to this. measurement, accounting, and disclosure problems appear. The objective of this work was the analysis of the main derivatives available for foreign exchange hedge; a comparison among the Brazilian. North American of FASB, SFAS 133 and intemational of IASB. IAS 39 accounting pronouncements and, through case studies. The application of those roles in the foreign exchange hedge transactions using the most common derivatives in Brazil. To do this, the most important aspects of derivatives as foreign exchange hedge framework and the related main accounting aspects were studied. The case studies showed how the derivatives transactions are processed, the criteria for measuring the derivatives and their hedged items. as well as alt the accounting of those transactions. using the following derivatives: swap of dollar for CDI dollar forward dollar futures contracts and call options of futures contracts of reais for dollar. In the pronouncements the existence of many similarities in their most important aspects was detected and, as a result, it was found that all derivatives must be presented in the financial statements based on their fale value amount and that the variations of this amount the related gains and losses, must affect the period result at the same time this period is affected by the hedged item variations. whose objective is to comply with the matching principle. So, when the derivative fale value variations occurs at a different time of the occurrence in the hedged item the derivative results are deferred in equity. This deferral is a special accounting treatment known as hedging accounting that, to be adopted needs to compiy with the following conditions: a) the derivative must have the hedge objective; b) this objective must be previously and formally documented; c) lhe derivative must be efficient in reaching this objective and d) the hedged risk must be the cash flow variation risk of an item not yet recognized in the financial statements. in which case it is classified as a cash flow hedge. Based on this, the conclusion is that for the case of foreign exchange hedge: a) the gain and losses on the derivatives that have recognized assets and viabilities as hedged items will always be reflected in the result of the period in which they occurs since the gains and losses related to the updating of these assets and viabilities according to the accrual basis criteria are also recognized in the result of the period in which they occurs and b) the deferral in equity is possible only for the gain and losses on derivatives that have as objective to hedge a future cash flow of a forecasted transaction that for not being recognized in the financial statement cannot affect the results