Question: Reference the forward contract Accounts Receivable problem. Forward contract receivable.Forward Contract for Speculative Purposes Only 1138 P4 Advanced Financial Accounting. A derivative financial instrument such as a foreign currency forward contract is carried on the balance sheet at its (1) value. 1. fair. 2 Record the forward contract. 3 Record the entry to revalue the foreign currency account receivable. Ready to save money, save time, and reduce risk? It's quick and easy to get started. 1) Futures are standardised contracts regarding contract size, maturity etc.