Financial Guarantee Contracts [IFRS]
Guarantees are commonly encountered in the commercial world; these can range from guarantees of bank loans made as accommodations to business associates to negotiated arrangements …
Posts tagged IAS 39
Fair value, IAS 39 and Corresponding US Standards
International Accounting Standard 39 has been the most controversial of all IFRS rules. Fair value accounting requires that for each class of financial assets and …
Accounting Treatment for Derivatives [GAAP under IFRS]
Technically, a derivative is simply an asset whose value is dependent on the value of something else, an underlying asset. A forward contract to buy …