Posts Tagged ‘General HA’

IFRS 13 for Corporates: Stuck between the Bank and a Hard Place

Corporate treasurers have faced many a regulatory challenge before, and IFRS 13 is no exception. Deploying a compliant fair value methodology under this new standard has been causing many treasurers significant angst over the last few months. They are not helped by the plethora of mixed messages, confusing guidance and inconsistent treatment from various experts…

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THE IASB HEARS THE CONCERN OF THE 90 PERCENT ON IFRS 9 FATAL FLAWS

Reval recently asked corporations that apply IFRS across the globe their opinion on the latest IFRS 9 Review Draft. In particular, Reval wanted to know how they felt about the controversial treatment of hypothetical derivatives embodied in Paragraph B6.5.5. This paragraph currently outlines how hypothetical derivatives, and by implication the exposures themselves, cannot include elements…

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IFRS 9 Hedge Accounting Jeopardizes Convergence Dream

In September this year, the International Accounting Standards Board (IASB) finally issued the Review Draft for Hedge Accounting, phase three of the replacement project for IAS 39 (under the banner of IFRS 9). Although this is not the final draft of the standard, the IASB do not expect any changes between now and the final…

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Preparing for IFRS 9

Companies should undertake a review of their current risk management and hedge accounting policies to highlight how the proposed changes will impact these policies given the new IFRS 9 requirement. The proposed rules can operate on three core levels.

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