In a time of volatile energy prices and economic uncertainty, the Governmental Accounting Standards Board has issued a standard that should allow state and local governments to more easily use ...

The Governmental Accounting Standards Board has issued a new standard aimed at improving how state and local governments report information about derivative instruments in their financial statements.

A derivative is a financial instrument that gains value from the performance or price of an underlying asset, such as stocks, bonds, commodities, currencies, and indices. It is set between two or more ...

Farmer Mac reported higher second-quarter profit, citing an increase in the value of financial derivatives and hedged assets. The $15.1 billion-asset Farmer Mac's net income rose 9.7% to $22.2 million ...