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1997 Fiscal Year Final Research Report Summary

デリバティブの認識・測定と会計基準に関する計算構造論的研究

Research Project

Project/Area Number 07630121
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Accounting
Research InstitutionKYOTO UNIVERSITY

Principal Investigator

FUJII Hideki  Kyoto University, Graduate School of Economics, Professor, 大学院・経済学研究科, 教授 (80173392)

Project Period (FY) 1995 – 1997
KeywordsFinancial Accounting / Accounting Principles / Accounting Measurement / Financial Instruments / Derivatives / Transaction / Off-Balance Sheet Activities
Research Abstract

The literature on accounting and bookkeeping shows us that fundamental features of the double-entry bookkeeping system exist in the following points ; (1) to determine goods and proprietorship in business enterprises, (2) for this purpose to record systematically all explicit happenings affecting goods and proprietorship in business enterprises, (3) to keep these records through the use of double-entry technics based on systematic accounts, (4) to be inseparable with, or to include accounting.
With these features, the double-entry bookkeeping has been functioning as a system to determine earnings of monetary capital and to the extent that these earnings assume distributable profit it has been recording and calculating system constituting the basis of equity accounting.
But in order to recognize off-balance sheet activities like derivatives which are not acccompanied by past-determined cash flows, it will be necessary to modify the features of the double-entry bookkeeping mentioned above. From a structural view of the accounting system, the crucial point lies in how to treat surplus on revaluation of derivatives. If we treat it as a part of earnings, current earnings will contain surplus that can not be distributed to shareholders, which will check the function of equity accounting. If we incorporate it into equity of balance sheet, equity, core element in the double-entry bookkeeping system, will lose its proper meaning and will be a "trash basket"in accounting measurement.
To conclude from a viewpoint of accounting regulation, recognition and measurement of derivatives in financial statements will not be sought after, unless the benefits to be derived from that treatment exceed the costs associated with it.

  • Research Products

    (6 results)

All Other

All Publications (6 results)

  • [Publications] 藤井 秀樹: "複式簿記の構造と機能の再検討" 日本簿記学会年報. 12. 45-52 (1997)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 藤井 秀樹: "最適開示水準決定要因とディスクロージャー" 企業会計. 50・1. 74-79 (1998)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 藤井 秀樹: "現代企業会計論-会計観の転換と取得原価主義会計の可能性-" 森山書店, 331 (1997)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] Hideki Fujii: "Reconsideration on Structure and Functions of Double-Entry Bookkeeping System" The Annual Report of Japan Bookkeeping Association (Nihon Boki Gakkai Nen'pou). No.12. 45-52 (1997)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] Hideki Fujii: "Determinant of the Optimal Disclosure of Accounting Information" Accounting (Kigyou Kaikei). Vol.50, No.1. 74-79 (1998)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] Hideki Fujii: Modern Theory of Financial Accounting : Shift of Accounting Paradigm and Possibility of Historical Cost Accounting. Moriyama Book Store, 331 (1997)

    • Description
      「研究成果報告書概要(欧文)」より

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Published: 1999-03-16  

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