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Netting and offsetting of derivative contracts under US GAAP/IFRS

Y

yogesh167

Member
Hello

Could you please help me to understand the meaning of 'netting and offsetting of derivative contracts' under US GAAP and IFRS ?
(Reference - page 20 last para of Ch17 profit reporting...)

Thanks is advance...
 
yogesh167 said:
Hello

Could you please help me to understand the meaning of 'netting and offsetting of derivative contracts' under US GAAP and IFRS ?
(Reference - page 20 last para of Ch17 profit reporting...)

Thanks is advance...
Click to expand...


Isn't this just referring to the fact that a company can take their aggregate position with respect to their short and long positions in derivatives...
 
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