{"id":11336,"date":"2022-11-16T14:41:55","date_gmt":"2022-11-16T11:41:55","guid":{"rendered":"https:\/\/bestessayhomework.com\/tr\/?p=11336"},"modified":"2022-11-16T14:41:55","modified_gmt":"2022-11-16T11:41:55","slug":"riskten-korunma-fonlari-muhasebe-alaninda-tez-yaptirma-muhasebe-tez-yaptirma-ucretleri-muhasebe-odevleri-muhasebe-odev-ucretleri","status":"publish","type":"post","link":"https:\/\/bestessayhomework.com\/tr\/riskten-korunma-fonlari-muhasebe-alaninda-tez-yaptirma-muhasebe-tez-yaptirma-ucretleri-muhasebe-odevleri-muhasebe-odev-ucretleri\/","title":{"rendered":"Riskten Korunma Fonlar\u0131 \u2013 Muhasebe Alan\u0131nda Tez Yapt\u0131rma \u2013 Muhasebe Tez Yapt\u0131rma \u00dccretleri \u2013 Muhasebe \u00d6devleri \u2013 Muhasebe \u00d6dev \u00dccretleri"},"content":{"rendered":"

Bir Firma D\u00f6n\u00fc\u015f\u00fcm\u00fc Neden Zorlamal\u0131?<\/span><\/strong><\/h3>\n

Bir firman\u0131n d\u00f6n\u00fc\u015ft\u00fcrmeyi zorlama f\u0131rsat\u0131, tahvilin d\u00f6n\u00fc\u015ft\u00fcrme de\u011feri, al\u0131m fiyat\u0131ndan b\u00fcy\u00fck oldu\u011funda ortaya \u00e7\u0131kar. Normalde, firman\u0131n nakit \u00f6deme olas\u0131l\u0131\u011f\u0131n\u0131 azaltmak i\u00e7in bir fiyat tamponu gerekir. Bir firman\u0131n tahvili \u00e7a\u011f\u0131rarak yat\u0131r\u0131mc\u0131lar\u0131n\u0131 adi hisse senedine d\u00f6n\u00fc\u015ft\u00fcrmeye zorlamas\u0131n\u0131n birka\u00e7 nedeni vard\u0131r.<\/span><\/p>\n

Yeni bor\u00e7 \u00e7\u0131kar\u0131labilmesi i\u00e7in sermaye yap\u0131s\u0131n\u0131 g\u00fc\u00e7lendirmenin bir yolu olabilir. Firman\u0131n d\u00f6n\u00fc\u015ft\u00fcrmeye zorlamas\u0131n\u0131n bir ba\u015fka nedeni de, \u00f6denmemi\u015f adi hisse senetlerinin nakit harcamalar\u0131n\u0131n bor\u00e7tan daha az olmas\u0131d\u0131r. \u00d6rne\u011fin, bir b\u00fcy\u00fcme hissesi s\u0131f\u0131r temett\u00fc \u00f6d\u00fcyor olabilir; b\u00f6ylece d\u00f6n\u00fc\u015f\u00fcm zorlan\u0131rsa vergi sonras\u0131 faiz \u00f6demelerinden tasarruf edilir. Ayr\u0131ca, tahvillerin \u00e7a\u011fr\u0131lmas\u0131, yat\u0131r\u0131mc\u0131lar\u0131n sahip oldu\u011fu z\u0131mni sat\u0131m opsiyonunun ortadan kald\u0131r\u0131lmas\u0131na neden olur.<\/span><\/p>\n

0,10 faiz \u00f6deyen 1.000 dolarl\u0131k bir tahvilin 40 adi hisse senedine d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilece\u011fini varsayal\u0131m. Adi hisse senedi y\u0131lda 1 dolar temett\u00fc \u00f6d\u00fcyor ve 50 dolardan sat\u0131l\u0131yor. Tahvilin \u00e7a\u011fr\u0131 fiyat\u0131 1.080 dolar. \u015eirket aramal\u0131 m\u0131? Kurumlar vergisi oran\u0131 0,35’tir.<\/span><\/p>\n

50 USD \u00d7 40 = 2.000 USD d\u00f6n\u00fc\u015ft\u00fcrme de\u011feri arama fiyat\u0131ndan daha b\u00fcy\u00fck oldu\u011fu i\u00e7in \u015firket arayabilir. Tahviller \u00e7a\u011fr\u0131l\u0131rsa, rasyonel yat\u0131r\u0131mc\u0131lar al\u0131m fiyat\u0131n\u0131 kabul etmek yerine d\u00f6n\u00fc\u015ft\u00fcrmelidir. D\u00f6n\u00fc\u015f\u00fcm de\u011feri 1.080 ABD dolar\u0131ndan b\u00fcy\u00fck.<\/span><\/p>\n

Adi hisse senedine d\u00f6n\u00fc\u015ft\u00fcr\u00fclen tahviller, temett\u00fcler i\u00e7in tahvil ba\u015f\u0131na 40 $ nakit harcama gerektirecektir. Tahviller \u015fimdi vergi sonras\u0131 65 dolar olan 100 dolarl\u0131k faiz harcamas\u0131 gerektiriyor. 40 dolar, 65 dolardan azd\u0131r.<\/span><\/p>\n

Yat\u0131r\u0131mc\u0131lar 100$ faiz yerine 40$ temett\u00fc alacak; bu nedenle, \u00e7a\u011fr\u0131 taraf\u0131ndan konumlar\u0131 iyile\u015ftirilmemi\u015ftir. Firman\u0131n nakit \u00e7\u0131k\u0131\u015f\u0131 azald\u0131\u011f\u0131ndan, mevcut hissedarlar\u0131n pozisyonu \u00e7a\u011fr\u0131 ile iyile\u015ftirilir. Ayr\u0131ca tahvilin (yat\u0131r\u0131mc\u0131lar\u0131n sahip oldu\u011fu sat\u0131m opsiyonu) sundu\u011fu a\u015fa\u011f\u0131 y\u00f6nl\u00fc koruma da ortadan kalkar.<\/span><\/p>\n

Hisse ba\u015f\u0131na kazan\u00e7 da d\u00f6n\u00fc\u015f\u00fcmden etkilenecektir. Faiz maliyetleri d\u00fc\u015fecek ve tedav\u00fcldeki hisse say\u0131s\u0131 etkilenecektir (kesin etki, hisse ba\u015f\u0131na kazanc\u0131 seyreltmeli veya seyreltmeden hesaplay\u0131p hesaplamad\u0131\u011f\u0131m\u0131za ve d\u00f6n\u00fc\u015ft\u00fcrme \u00f6zelli\u011finin yap\u0131s\u0131na ba\u011fl\u0131 olacakt\u0131r).<\/span><\/p>\n

Baz\u0131 durumlarda, hen\u00fcz d\u00f6n\u00fc\u015ft\u00fcr\u00fclmemi\u015f bor\u00e7 miktar\u0131 \u00e7ok k\u00fc\u00e7\u00fck hale geldi ve borcun \u00e7a\u011fr\u0131lmas\u0131, gereksiz bir finansal karma\u015f\u0131kl\u0131\u011f\u0131 ortadan kald\u0131rman\u0131n makul bir yoludur.<\/span><\/p>\n

D\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir tahvillerin, tahvilin piyasa fiyat\u0131, d\u00f6n\u00fc\u015ft\u00fcrmeyi garantilemek i\u00e7in al\u0131m fiyat\u0131n\u0131n yeterince \u00fczerine \u00e7\u0131kar \u00e7\u0131kmaz \u00e7a\u011fr\u0131lmas\u0131 gerekti\u011fine dair sa\u011flam bir finansal teori var. Daha d\u00fc\u015f\u00fck fiyatlarla aran\u0131rsa, borcun geri \u00e7ekilmesiyle ilgili nakit harcamalar\u0131 olabilir.<\/span><\/p>\n

T\u0131pk\u0131 bir yat\u0131r\u0131mc\u0131n\u0131n, tahvilin sundu\u011fu a\u015fa\u011f\u0131 y\u00f6nl\u00fc koruma nedeniyle d\u00f6n\u00fc\u015ft\u00fcrmek yerine d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir tahvili tutmay\u0131 tercih etmesi gibi, \u015firket de d\u00f6n\u00fc\u015ft\u00fcrmeyi zorlamak ister, b\u00f6ylece yasal faiz ve anapara \u00f6deme y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc yerine daha esnek ortak taahh\u00fctler gelir.<\/span><\/p>\n

\n

Hedge fon nedir<\/span>
\nHedge Nas\u0131l yap\u0131l\u0131r<\/span>
\nR\u0130SKTEN<\/a> KORUNMA muhasebesi<\/span>
\nHedge stratejileri<\/span>
\nHedge Nas\u0131l kapat\u0131l\u0131r<\/span>
\nHedge etmek ek\u015fi<\/span>
\nHedge \u00e7eviri<\/span>
\nBorsada hedge Ne Demek<\/span><\/p>\n

\n

Riskten Korunma Fonlar\u0131<\/span><\/strong><\/h3>\n

Son y\u0131llarda, hedge fonlar, ihra\u00e7 edilen d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir tahvillerin y\u00fczde 70 ila 80’ini sat\u0131n ald\u0131. Fonlar, konvertiblleri sat\u0131n al\u0131r ve hisse senedini a\u00e7\u0131\u011fa satar.<\/span><\/p>\n

Hisse senedi fiyat\u0131 d\u00fc\u015ferse, a\u00e7\u0131\u011fa sat\u0131\u015ftan kazan\u0131rlar ve d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir tahvillerde (e\u011fer bir \u015fey varsa) fazla kaybetmezler. Hisse senedi fiyat\u0131 y\u00fckselirse, \u00fcst\u00fc a\u00e7\u0131l\u0131r arabada kazan\u0131rlar, ancak a\u00e7\u0131\u011fa sat\u0131\u015fta kaybederler. A\u00e7\u0131k\u00e7as\u0131, kazan\u00e7 ve kay\u0131plar\u0131n miktarlar\u0131, i\u015flemlerin tam do\u011fas\u0131na ba\u011fl\u0131 olacakt\u0131r. Stratejinin riskleri vard\u0131r.<\/span><\/p>\n

Varantlar\u0131n, opsiyonlar\u0131n, \u00e7a\u011fr\u0131lar\u0131n de\u011feri ve d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir menkul k\u0131ymetlerin d\u00f6n\u00fc\u015ft\u00fcrme \u00f6zelli\u011fi, hepsi ayn\u0131 ekonomik mant\u0131k taraf\u0131ndan y\u00f6netilir. Hemen d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilirlerse, adi hisse senedi olarak minimum de\u011ferleri, an\u0131nda d\u00f6n\u00fc\u015ft\u00fcrme de\u011ferleri taraf\u0131ndan belirlenir. Ger\u00e7ek de\u011ferleri, aralar\u0131nda cari hisse senedi piyasas\u0131 fiyat\u0131, gelecekteki hisse senedi fiyatlar\u0131n\u0131n da\u011f\u0131l\u0131m\u0131, paran\u0131n zaman de\u011feri ve piyasan\u0131n risk tercihleri \u200b\u200bgibi bir dizi fakt\u00f6re ba\u011fl\u0131 olacakt\u0131r.<\/span><\/p>\n

D\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir tahviller, adi hisse senedi b\u00fcy\u00fcme durumunda (dolay\u0131s\u0131yla, d\u00f6n\u00fc\u015f\u00fcm\u00fc sa\u011flama e\u011filiminde) ve b\u00fcy\u00fcmenin ger\u00e7ekle\u015fmeme ihtimalinin oldu\u011fu adi hisse senedinin yerine ge\u00e7en (dolay\u0131s\u0131yla, yat\u0131r\u0131mc\u0131lar olumsuz taraf\u0131 \u00f6demeye isteklidir) \u00e7ekici bir yat\u0131r\u0131m olabilir.\u00a0<\/span><\/p>\n

Ortak hisse senedi b\u00fcy\u00fcme olas\u0131l\u0131\u011f\u0131 yoksa, yat\u0131r\u0131mc\u0131 do\u011frudan bor\u00e7 almay\u0131 tercih eder. B\u00fcy\u00fcme kesinli\u011fi varsa (d\u00f6n\u00fc\u015f\u00fcm \u00f6zelli\u011finin de\u011fersiz olma riski yoksa), yat\u0131r\u0131mc\u0131n\u0131n adi hisse senedine, varantlara veya al\u0131mlara yat\u0131r\u0131m yapmas\u0131 muhtemeldir.<\/span><\/p>\n

Bu nedenle, d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir bir tahvil, bir yat\u0131r\u0131mc\u0131n\u0131n ihtiya\u00e7lar\u0131n\u0131, b\u00fcy\u00fck bir kazan\u00e7 \u015fans\u0131 ve \u00e7ok k\u00fc\u00e7\u00fck bir b\u00fcy\u00fck kay\u0131p \u015fans\u0131 i\u00e7in risk tercihiyle, ancak b\u00fcy\u00fck bir k\u00fc\u00e7\u00fck kay\u0131p \u015fans\u0131 (bir f\u0131rsat) ile kar\u015f\u0131layan bir menkul k\u0131ymet t\u00fcr\u00fcd\u00fcr.<\/span><\/p>\n

Stoklar<\/span><\/strong><\/h3>\n

Her d\u00f6nemin sonunda, muhasebeci, envanter a\u00e7ma ve sat\u0131n almalar\u0131n toplam maliyetlerini, cari faaliyet d\u00f6neminin gideri ile gelecekteki faaliyet d\u00f6nemlerinin maliyetleri aras\u0131nda da\u011f\u0131t\u0131r.<\/span><\/p>\n

Cari d\u00f6nem i\u00e7in ge\u00e7erli olan maliyetler sat\u0131lan mal\u0131n maliyeti (gider) olarak gelir tablosunda, gelecek d\u00f6nemler i\u00e7in ge\u00e7erli olan maliyetler ise D\u00f6nem Sonu Varl\u0131klar\u0131 hesab\u0131nda izlenir.<\/span><\/p>\n

Muhasebeciler bilan\u00e7oda ilgili de\u011ferleri raporlamak, gelir ve giderleri gelir tablosunda e\u015fle\u015ftirmek, cari gelir vergisi y\u00fck\u00fcml\u00fcl\u00fcklerini en aza indirmek ve y\u00fcksek derecede g\u00fcvenilir \u00f6l\u00e7\u00fctler sunmak isterler. Bu hedeflerin baz\u0131lar\u0131 birbiriyle \u00e7eli\u015fmektedir; bu nedenle, muhasebe y\u00f6ntemine ili\u015fkin bir se\u00e7im yap\u0131lmal\u0131d\u0131r.<\/span><\/p>\n

Envanter S\u0131n\u0131fland\u0131rmalar\u0131<\/span><\/strong><\/h3>\n

Stoklar, i\u015fin ola\u011fan ak\u0131\u015f\u0131 i\u00e7inde sat\u0131lmak \u00fczere elde tutulan mallar veya sat\u0131lacak mallar\u0131n \u00fcretiminde kullan\u0131lacak veya t\u00fcketilecek mallard\u0131r. \u0130malat endi\u015felerinin tipik olarak \u00fc\u00e7 envanter hesab\u0131 vard\u0131r.<\/span><\/p>\n

Hen\u00fcz \u00fcretime sokulmam\u0131\u015f eldeki mal ve malzemelere atanan maliyetler, hammadde envanteri olarak rapor edilir; k\u0131smen tamamlanm\u0131\u015f mallara atanan maliyetler, devam eden \u00e7al\u0131\u015fma envanteri olarak rapor edilir; ve tamamlanan ancak sat\u0131lmayan mallara atanan maliyetler, mamul mal sto\u011fu olarak raporlan\u0131r.<\/span><\/p>\n

Stoklar, ticaret ve \u00fcretim kayg\u0131lar\u0131 i\u00e7in d\u00f6nen varl\u0131klar aras\u0131nda genellikle en b\u00fcy\u00fck kalemdir. Stoklar yetersizse sat\u0131\u015flar kaybedilebilir, ancak a\u015f\u0131r\u0131 stoklar bir \u015firketi \u00f6nemli finansman maliyetlerine ve bozulma ve eskime nedeniyle potansiyel kay\u0131plara maruz b\u0131rakabilir.<\/span><\/p>\n

Sonu\u00e7lar, envanter ve sat\u0131lan mal\u0131n maliyeti (1.060$ + 445$ = 1.505$) eklenerek kontrol edilebilir. Bu, a\u00e7\u0131l\u0131\u015f envanteri art\u0131 d\u00f6nem boyunca sat\u0131n al\u0131nan mallar\u0131n maliyetine e\u015fit olmal\u0131d\u0131r (200$ + 1.305$ = 1.505$).<\/span><\/p>\n

FIFO, makul bir envanter \u00f6l\u00e7\u00fcm\u00fcyle sonu\u00e7lan\u0131r (mallar yak\u0131n zamanda sat\u0131n al\u0131nm\u0131\u015ft\u0131r), ancak sat\u0131lan mallar\u0131n maliyeti, bir dereceye kadar ge\u00e7mi\u015f d\u00f6nemlerde sat\u0131n al\u0131nan kalemlerden olu\u015fur ve cari maliyetleri yans\u0131tmayabilir.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Bir Firma D\u00f6n\u00fc\u015f\u00fcm\u00fc Neden Zorlamal\u0131? Bir firman\u0131n d\u00f6n\u00fc\u015ft\u00fcrmeyi zorlama f\u0131rsat\u0131, tahvilin d\u00f6n\u00fc\u015ft\u00fcrme de\u011feri, al\u0131m fiyat\u0131ndan b\u00fcy\u00fck oldu\u011funda ortaya \u00e7\u0131kar. Normalde, firman\u0131n nakit \u00f6deme olas\u0131l\u0131\u011f\u0131n\u0131 azaltmak i\u00e7in bir fiyat tamponu gerekir. Bir firman\u0131n tahvili \u00e7a\u011f\u0131rarak yat\u0131r\u0131mc\u0131lar\u0131n\u0131 adi hisse senedine d\u00f6n\u00fc\u015ft\u00fcrmeye zorlamas\u0131n\u0131n birka\u00e7 nedeni vard\u0131r. Yeni bor\u00e7 \u00e7\u0131kar\u0131labilmesi i\u00e7in sermaye yap\u0131s\u0131n\u0131 g\u00fc\u00e7lendirmenin bir yolu olabilir. Firman\u0131n d\u00f6n\u00fc\u015ft\u00fcrmeye…
Devam\u0131<\/a><\/p>\n","protected":false},"author":6,"featured_media":9976,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[28365,28364,28363],"tags":[28373,28372,28371,28366,28370,28367,28369,28368],"class_list":["post-11336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hedge-ceviri","category-hedge-nasil-kapatilir","category-riskten-korunma-muhasebesi","tag-borsada-hedge-ne-demek","tag-hedge-ceviri","tag-hedge-etmek-eksi","tag-hedge-fon-nedir","tag-hedge-nasil-kapatilir","tag-hedge-nasil-yapilir","tag-hedge-stratejileri","tag-riskten-korunma-muhasebesi"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t