... more true than in dealing with international accounting standards (IAS). The work being done on fair value accounting in general and on accounting for derivatives in particular is absolutely central to treasury and to risk management. There has been a major debate with the IASB over their proposals...

... repeatedly mentioned in the national press in the context of corporate reporting. But what exactly is its significance? It is the date by which all listed companies in the European Union (EU) will have to prepare their financial statements in accordance with International Accounting Standards (IAS...

...David Tweedie 2004 is the year when companies around the world need to move their financial reporting to the rules laid down by the International Accounting Standards Board. In this article the chairman of that board, Sir David Tweedie outlines what this change will mean. He also points out...

... to provide to their shareholders and other stakeholders. © Emerald Group Publishing Limited 2004 Financial reporting Corporate governance International accounting Extensible markup language Accounting standards Halloween, an entertaining American holiday of ghosts and goblins, some...

... measurement based on the simplicity of a single income statement and explains how it will transform financial reporting. Financial reporting Accounting standards Profit and loss accounts Balance sheets Assets management © MCB UP Limited 2003 The balance sheet perspective rarely receives...

... Financial reporting Accounting standards Fair value Investment appraisal The proposals for a new format for the income statement represent the greatest revolution in the appearance of financial reporting since the introduction of double entry book‐keeping more than five hundred years ago. Indeed...

... the various derivatives accounting standards and proposed standards. © MCB UP Limited 2003 Current reporting requirements about derivatives usage are in flux. Not long after the Accounting Standards Board (ASB) issued Financial Reporting Standard 13 (FRS 13), new proposals have emerged...

...Chris Taylor As banks across Europe try to prepare for the introduction of international accounting standards in 2005, controversy over the rules continues to rage. The author traces the history of this process and shows where the problems for the global banking industry really lie. The UK felt...

... the resulting reports will be complex and require well‐trained professional analysis to both understand them and to explain them. © MCB UP Limited 2003 Accounting standards Financial reporting Financial instruments Audit committees David Damant I find myself in some difficulty...

...Nigel Masters; Eric Dupont International Accounting Standards are steadily becoming the norm. The European Union agreement that all listed companies in Europe must comply by the year 2005 has hastened the process further. This brings particular challenges for all organisations in the financial...

... setters”. It concludes by recommending that the next steps to be taken in exploring this issue, rather than immediate standard setting, should be rigorous testing of the proposals with users and preparers of financial statements. © Authors 2002 Accounting standards Value analysis Financial...

... This is an edited text of the response submitted by the Financial Instruments Task Force of the Association for Investment Management and Research to the International Accounting Standards Board in response to the Joint Working Group Draft Standard and Basic Conclusions dated 22 December 2000...

... riskiness as the borrower. For riskiness, an external or internal rating can be used as a proxy. This is another non‐specific risk, because it applies equally to all obligors in a rating class. © Company 2001 Risk management Loans Pricing policy Accounting standards Banks...

.... © Company 2001 Financial accounting Accounting standards Liquidity Risk management Disclosure Banking The British Bankers’ Association has for some time objected in principle to the proposed extension of fair value measurement to financial instruments in the banking book...

... Accord around the end of this year. The new Accord should take effect during 2004, but because of the multiple areas that need to be addressed, banks will need to apply a structured approach to ensure compliance ahead of 2004. Keywords: Risk analysis, Accounting standards, Banking industry,Capital...

... that the proposals should be abandoned and that the accounting standard setters join with the banking industry to produce improvements in financial reporting. Financial accounting Accounting standards Banking industry Credit Liquidity Supervision In Balance Sheet, Vol. 8 No 5, 2000...

...David Damant The new draft standard on financial instruments will revolutionise financial reporting around the world. The author argues that because of the politics of accounting standard‐setting the recently promulgated draft standard will become the rule. This marks two great changes in global...

... that an estimate, perhaps derived from a valuation model, would be used instead of an observed market price or quote. A similar treatment would be adopted for financial liabilities, except that they would be carried at their observed or estimated market offer price. © Company 2001 Accounting standards...