... Financial instruments Hedging International accounting Accounting standards For the corporate treasurer (and by extension, the finance director) 2003 has been a challenging year but 2004 promises to be even more so. Organizations such as my own, the Association of Corporate Treasurers (ACT...

...Graham Phillips; Jerry Dawson The growth of the use of hedge funds in both the USA and in Europe has led to greater attempts to regulate the market. The authors provide a guide to the way regulations are likely to be imposed and the differences which may occur in the USA and European markets...

...Bridget Barker; Bridget Hui The growth in popularity of hedge funds has led UK regulators to put forward ways of protecting investors. Here the authors, from a noted law firm in the City of London, set out the ways in which hedge funds can be set up and how they work. They then examine...

...Arlette Wilson; Walter Campbell The authors look at the way in which Enron used hedging techniques before the corporate collapse of the organization triggered a crisis of confidence in US business practices and standards. They provide an analysis of how the system was structured and show how...

... to this the complexity of the defined benefit pensions debate (with treasurers at the centre of balance sheet hedging strategies linked to FRS17 and, in many cases, battling with the conflict of interest inherent in sharing responsibilities as both a corporate officer and trustee), and it becomes plain...

...Abby Kyte The world of financial instruments is becoming increasingly regulated. This paper deals with how hedging works as a method of changing an organisation’s risk profile. It argues the case between risk and return and shows how a better balance sheet can be achieved. It warns against...

... companies, and in particular financial institutions, are going to have to respond to the European deadline. © Authors 2002 Financial reporting Europe International standards Value analysis Financial institutions Hedging These restrictions can cause problems in practice and create...

...Arlette Wilson; Dan Heitger Accounting for foreign currency hedges has become a fiercely complicated procedure. At a time when financial institutions are having to alter disclosure methods, the authors provide a practical guide to dealing with each type of hedging procedure. The global...

.... It provides a summation of all the great issues involved in the debate over accounting for financial instruments. © Authors 2002 Financial reporting Financial analysts Accounting standards Hedging Value analysis The Financial Instruments Task Force (FITF) of the Association...

... reporting Hedging International standards Capital markets Financial analysts Twelve months ago the US company Enron had a market capitalisation of $80 billion. It is now in bankruptcy. In the words of Joe Berardino, a Managing Partner & CEO of Andersen (Enron’s auditors), this is a Wake‐Up...

... would create huge difficulties, simply because existing systems of performance measurement would not be up to the task. © Company 2001 Finance Banking Hedging Financial reporting The Joint Working Group document contains a detailed discussion of why financial instruments should...

... that, if reporting more realistically shows volatility, then so be it. But the proposals are the most comprehensive examination of the problem and he commends its study. © Company 2001 Accounting standards Banking industry Credit Risk Derivatives Hedging In December, accounting standard‐setters...

.... Posits that there are three main rewards involved for financial institutions who have more than one transaction processing system, these are: efficient compliance of key ratios and limits with ease; achievement of hedge, funding and policy; and planning and business modelling, covering a wide spectrum...