Posts Tagged ‘IFRS 7’

The Proliferation of IFRS: One Global Set of Accounting Standards

Last year, the G20 leaders agreed that standard setters should focus on making substantial progress by the end of 2009 toward a global set of accounting standards. At the time, many applauded this intent as it was believed that widespread adoption of International Financial Reporting Standards (IFRS) is the best way to achieve comparable financial…

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Late Term Hedging of IR Risk Under FAS 133

Given the steepness of the yield curve , many companies are considering (and many banks are pitching) the strategy of swapping existing fixed rate debt into variable so companies can enjoy positive carry-over over the next few resets. While this strategy may make sense for certain companies from an economic perspective, the accounting ramifications under…

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