Examlex
Many firms use derivative instruments to hedge exposure to changes in the fair value an asset or liability or to hedge exposure to variability in expected future cash flows.As an analyst examining the financial reports of a company that uses derivative instruments to hedge,what questions should be asked when thinking about derivatives and accounting quality?
Willful Blindness
The deliberate avoidance of acknowledging information or facts that one could easily know, often to escape liability.
Unfair
Acting in a manner that is unjust, biased, or not in accordance with the rules or standards.
Rectification
The legal process of correcting an error or omission in a document to reflect the true intention of the parties involved.
Comma
A punctuation mark indicating a pause between parts of a sentence or used to separate items in a list.
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