Technical Update – Accounting – Financial Market Volatility

Recent months have been marked by increased volatility in global markets, falling oil prices, political unrest and slower than expected recovery in the Eurozone. The current economic environment has driven many to ask questions as they prepare year-end financial reporting.

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This members’ update is for general information only and should not be regarded as a substitute for tax, legal or other professional advice. Such advice should be taken before acting on or taking steps in relation to matters referred ...
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Technical Update – Accounting – Feb 2015

Offsetting Assets and Liabilities.

The IAS 32 and IFRS 7 offsetting amendments have required corporates to re-assess when they offset financial instruments for accounting purposes; and analyse what additional financial statement disclosures in relation to offsetting may be required.

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This members’ update is for general information only and should not be regarded as a substitute for tax, legal or other professional advice. Such advice should be taken before acting on or taking steps in relation to matters referred to in ...

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Technical Update – Accounting – Jan 2015

Ten key financial reporting reminders for corporate treasurers

As the year end reporting season takes full flight, we outline our top 10 reminders and developments for the reporting of the treasury numbers in the annual accounts.

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This members’ update is for general information only and should not be regarded as a substitute for tax, legal or other professional advice. Such advice should be taken before acting on or taking steps in relation to matters referred to in this document.

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Mount Everest Summit Expedition

 

In our last edition of e-Treasurer we featured an article by IACT Member Derek Mahon who undertook an amazing challenge this April/May attempting to climb Mount Everest in support of GROW, a charity that supports mental health worldwide.

Derek successfully reached the summit after a grueling expedition. Click HERE to read an account of his journey.

 

 

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Technical Update – Accounting

New Hedge Accounting Rules Arrive – Finally!!

The IASB published the long-awaited standard on hedge accounting in November. The changes have been widely accepted by preparers as an improvement. The new guidance provides relief from the ‘rules-based’ approach in IAS 39 and is likely to allow hedge accounting in more circumstances. It is expected that most corporates will adopt IFRS 9 to take advantage of the positive changes it introduces.

In general, IFRS 9 is good news, and its adoption will result ...

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