Essay specific features
August 24, 2013
No of pages / words:
5 / 1302
Rating of current essay:
GE not only increased overall profitability, but also brought on new standard procedures to illustrate and report their financial results and processes, including the use of hedge accounting.
Hedge accounting is a relatively common practice, however, one that requires substantial effort to understand and use correctly...
displayed 300 characters
Order custom writing paper now!
- Your research paper is written
by certified writers
- Your requirements and targets are
- You are able to control the progress
of your writing assignment
- You get a chance to become an
Get a price guote
It was GE’s misuse of hedging that ultimately led to their need to restate financial statements for years 2002 through 2004, as well as parts of 2001 and specifically each quarter in 2003 and 2004.
The error was encountered during a recurring audit review when GE’s internal auditors found that some of the company’s derivatives didn’t qualify for hedge accounting...
displayed next 300 characters
General issues of this essay:
2 pages, 522 words
3 pages, 811 words
2 pages, 297 words
2 pages, 499 words
2 pages, 308 words
2 pages, 352 words
2 pages, 375 words