Книги
Applying International Financial Reporting Standards
Hague, I.P.N. Applying International Financial Reporting Standards : Financial Instruments / I.P.N. Hague. — London : LexisNexis, 2004. — 242 p.. — 5181.00 р.
Аннотация
The EU’s adoption of International Financial Reporting Standards in 2005 will affect more than 7,000 listed companies in Europe. IAS 32 and 39 together represent the most significant shift from national accounting standards and as such are the most contentious of the new rules. For example, the UK currently has very few requirements on financial instruments. This new title will be the most detailed and authoritative guide available on a complex yet vital subject. As the author points out, complex financial instruments - such as derivatives - demand equally complex financial reporting. This book breaks down the intricacies of IAS 32 and IAS 39 into a step by step approach, with numerous examples looking at all possible scenarios. Vital areas covered include: - How to classify financial assets into the four types defined by the standards, and what treatment is applicable for each type; - Approaches to determining fair value for these instruments; - Hedge-accounting - where and when this is permitted, and how to do the accounting; - How to present financial instruments, their losses and gains, in the balance sheet and profit and loss; - Where these standards differ from UK and US GAAP. The book also looks at the difficulties of identifying derivatives embedded in another instrument, requirements for derecognition, and what to do where other - sometimes unfinalised - standards may apply.
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УДК:339.7
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