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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