Accounting for derivatives : advanced hedging under IFRS, 2nd edition.
The main goal of IFRS is to safeguard investors by achieving uniformity and transparency in the accounting principles. One of the main challenging aspects of the IFRS rules is the accounting treatment of derivatives and its link with risk management. Whilst it takes years to master the interactio...
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| Format: | Book |
| Language: | English |
| Published: |
John Wiley & Sons
2020
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| Subjects: | |
| Online Access: | http://dspace.uniten.edu.my/jspui/handle/123456789/15038 |
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| Summary: | The main goal of IFRS is to safeguard investors by achieving uniformity and transparency
in the accounting principles. One of the main challenging aspects of the IFRS rules is the
accounting treatment of derivatives and its link with risk management. Whilst it takes years to
master the interaction between IFRS 9 (the main guidance on derivatives accounting) and the
risk management of market risks using derivatives, this book accelerates the learning process
by covering real-life hedging situations, step-by-step. Because each market risk – foreign
exchange, interest rates, inflation, equity and commodities- has its own accounting and risk
management peculiarities, I have covered each separately to address their particular issues.
Banks have developed increasingly sophisticated derivatives that have increased the gap
between derivatives for which there is a consensus about how to apply IFRS 9 and derivatives
for which their accounting is unclear. This gap will remain as long as the resources devoted to
financial innovation hugely exceed those devoted to accounting interpretation. The objective
of this book is to provide a conceptual framework based on an extensive use of cases so that
readers can come up with their own accounting interpretation of any hedging strategy.
This book is aimed at professional accountants, corporate treasurers, bank financial engineers,
derivative salespersons at investment banks and credit/equity analysts. |
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