RESERVE ACCOUNTING IN THE SYSTEM OF FINANCIAL INSTRUMENTS
The article claims that accounting of financial instruments gained particular significance during the world financial crisis. Therefore integration of financial reserves into accounting and reporting presents a new challenge. Those reserves help to hedge financial risks linked to various financial instruments. Risk hedging today is an urgent issue for bookkeeping and accounting. The necessity and possibility to reflect transactions related to various financial instruments and risk hedging of those instruments in bookkeeping and accounting are considered in the article.