... 2002 Financial reporting Europe International standards Value analysis Financial institutions Hedging It is well established that under UK GAAP the banking book is recorded at cost, the trading book is marked to market and hedges are accounted for in an appropriate manner depending...

... 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...

.... 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...