How does a company determine the fair value of a foreign currency forward contract? How...

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Accounting

How does a company determine the fair value of a foreign currency forward contract? How does it determine the fair value of an option?
How are changes in the fair value of an option accounted for in a cash flow hedge? In a fair value hedge?
When a measurement rather than translation is appropriate? How does translation differ from measurement?
What doe IFRS 9 describe for hedge accounting for hedges of foreign currency assets & liabilities? Describe your interpretations.
Compare & contrast the IFRS and US GAAP rules in relation to the translation of foreign currency on financial statements.

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