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
derivative 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 eaders 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.
Saturday, 10 March 2018
Accounting for Derivatives Advanced Hedging under IFRS 9
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