A Hedge Is Defined by AASB 139 as an Action

question 76

True/False

A hedge is defined by AASB 139 as an action taken,whether by entering into a foreign currency contract or otherwise,with the objective of maximising the possible positive effects of movements in exchange rates.

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Definitions:

Intangible Products

Products that are not physical in nature, such as software, entertainment, or services, offering value through non-physical means.

Insurance

Contract by which the insurer for a fee agrees to reimburse the insured a sum of money if a loss occurs.

Television

A telecommunication medium used for transmitting moving images in monochrome, color, or in three dimensions.