From your review of the article “Financial reporting and financial crises: The case for measuring financial instruments at fair value in the financial statements. Accounting Horizons, 25(2), 409-417.”, and the Mitsubishi Case, disuss the following:
Mitsubishi carries some derivative financial instruments that are mentioned on page 67 in the Cases in Financial Reporting 7th Edition text. In your opinion after reading the library article; do you think derivatives are too risky? If so, what are your arguments against the risk? And if you agree with the risk, why?
Your answer should follow the scoring guide and be at least 250 words in length. Additional peer reviewed journal articles always make a great defense for the position presented.
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