Accounting of contractual obligations in the use of futures contracts

Abstract

The use of the concept of accounting for contractual obligations in accounting for transactions of an exchange transaction using futures contracts is a complicated mechanism for reflecting market relations compared, for example, with forward contracts, since this transaction includes, in addition to the buyer and seller of the asset, an exchange that not only standardizes the transaction itself, but also is a guarantor of its execution. In this case, the specifics of the concept of accounting for contractual obligations is that standardized futures contracts contain unchanged terms of a futures transaction, such as: volume, quality, timing and price of the asset to be exchanged, and changes in market conditions are reflected in the value of the futures contract itself and affect the financial condition of the participants in the futures transaction. Based on this, the main purpose of the article is determined - to consider the methodological support of accounting for changes in market conditions for a futures transaction, and the reflection of their impact on the financial results of participants in an exchange transaction.