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Real-Word Story: Recreation Company Gets Accurate Derivatives Valuations and Reduces Processing Time from Hours to Minutes

Sponsored By FINCAD

Topics:: Accounting > Cash Flow , Profit & Loss; Banking & Capital Markets

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Abstract:: Are you considering applying hedge accounting? Read this real-world story to learn how Johnson Outdoors is hedging against the volatility in FX markets without adding time or complexity to its daily routine.

"As a publicly traded company, there is a lot of visibility to the derivatives information in our financial disclosures. There is a high degree of accounting risk with derivatives, so the solution we employed to house the data, perform the valuation and report our hedge portfolio needed to be sound and auditable."

"Considerable time is saved in our valuations because we don't need to take the time to set up a spreadsheet, verify the accuracy of the exchange rates and calculations, and then distribute reports to the appropriate stakeholders. All of this is done automatically for us. The result for us was a significant time savings - a valuations process that took hours, now only takes minutes."

Lori Strangberg, Corporate Controller

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DETAILS

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Released: December 07, 2011

Length: 2 pages

Format: PDF (136 kb)

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