Think of a Recent Argument You Made or One You

question 14

Essay

Think of a recent argument you made or one you heard another person make. Describe the argument and then identify the elements of the argument using the research-as-argument model. Evaluate the effectiveness of the argument.

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Definitions:

FVTPL

Fair Value Through Profit or Loss; a classification under IFRS for financial assets that are held for trading or designated upon initial recognition to be measured at fair value with changes recognized in profit or loss.

Hedge Accounting

A method of accounting where entries for the ownership of a security and the opposing hedge are treated as one, to show a more accurate financial position.

Hedging Instrument

Any financial derivative or other contract used to offset the risk of changes in the value of an asset, liability, or future transaction.

Hedged Item

An asset, liability, firm commitment, or anticipated transaction identified by an entity to manage risks through hedging activities.