Financial Instruments as per Ind AS – Book from Wolters Kluwer – CCH
Description About the Book The book covers financial instruments from the perspective of the issuer as well as the investor. It explains the concept of recognition, classification and subsequent measurement of financial assets and liabilities, de-recognition of...
New avatar of IFRS 9
IFRS 9 - July 2014 version replaces all earlier versions of IFRS 9 viz., IFRS 9 (2009), IFRS 9 (2010) and IFRS 9 (2013). The good news is that the project is complete. The final version encompasses classification and measurement, new impairment model, revised hedge...
What is Credit Value Adjustment (CVA) in Accounting?
Counterparty credit risk (CVA) is the risk that the counterparty to a financial contract will default prior to the expiration of the contract and will not make all the payments required by the contract. Obviously exchange-traded derivatives are not subject to...
Summary of Exposure draft on Hedge Accounting IAS 39 issued by IASB on 9-Dec-2010
Please find below the summary of the Exposure Draft on hedge accounting under IAS 39 issued by IASB on 9th December 2010. We are all aware that IFRS is principle based while US GAAP is rule based. However, the hedge accounting portions of IAS 39 do contain certain...
Weather derivatives covered by IAS 39?
Are weather derivatives covered by IAS 39 or are they insurance contracts? Contracts that require payment only if a particular level of the underlying climatic, geological or other physical variables adversely affects the contract holder are insurance contracts and as...
Cash Flow Hedge for a Foreign Currency debt
As per US GAAP, Cash flow hedge accounting for a foreign currency debt is permissible using a FX forward contract to cover the Foreign Exchange risk . Section 815-20-25-28 is quoted below: "If the hedged item is denominated in a foreign currency, an entity may...
New online course on IFRS 9: Financial Instruments
There is a new course on IFRS 9 and you can take the course here: Accounting for Investments On 12 November 2009, IASB published IFRS 9 Financial Instruments on the classification and measurement of financial assets. The present IAS 39 is proposed to be replaced in...
Salient differences between IAS 39 and IFRS 9
On 12 November 2009, the International Accounting Standards Board (IASB) issued IFRS 9 Financial Instruments. Salient differences between IAS 39 and IFRS 9 Parameter IAS 39 IFRS 9 Name Financial Instruments: Recognition and Measurement Financial Instruments...
Accounting for Investments – Equities, Futures & Options – Part-1 Video
• Accounting for Investments – Equities, Futures & Options - is the first volume in this series published by John Wiley & Sons. This video gives an overview of the contents of this book. This is the first part of a series of videos that would cover the...
US GAAP – codified topics
1 105 - Generally Accepted Accounting Principles 2 205 - Presentation of Financial Statements 3 210 - Balance Sheet 4 215 - Statement of Shareholder Equity 5 220 - Comprehensive Income 6 225 - Income Statement 7 230 - Statement of Cash Flows 8 235 - Notes to Financial...
