Professor Elam

Thursday July 5, 2012

The world of derivative trading gets larger and larger. Recently JPM CEO Jamie Dimon was reduced to telling Congress he was more worried about Europe than his recent $2 B loss, thanks to his own London Trading 'Whale.' Now rumors have it that the loss was more than that..

I suggest accounting students spend more time on articles such as this. It will be necessary to understand derivative trading so that one can grasp how to account for such transactions.