Accounting for financial instruments, Financial Management

The IASB is in the procedure of undertaking a comprehensive review of accounting for financial instruments, and has issued a latest financial instruments standard referred to as IFRS 9 Financial Instruments. IFRS 9 (AASB 9) was issued to replace IAS 39 (AASB 139) Financial Instruments: Recognition and size. IFRS 9 (AASB 9) is applicable to annual reporting periods starting on or after 1 January 2013, although early adoption is permitted.

Needed:

Talk about critically the shortcomings and criticisms of IAS 39 (AASB 139) which have given rise to IFRS 9 (AASB 9). How will the application of IFRS 9 (AASB 9) impact on the accounting for financial instruments in financial reports? Your discussion should be demonstrated and informed by reference to two listed companies (ASX or other sources for the most previous years), that are either using IAS 39 (AASB 139) or that have decided to fast adopt IFRS 9 (AASB 9). Your discussion should also consider the views of a range of researchers and accounting users, and be appropriately referenced from authoritative sources.

 

Posted Date: 3/22/2013 1:59:01 AM | Location : United States







Related Discussions:- Accounting for financial instruments, Assignment Help, Ask Question on Accounting for financial instruments, Get Answer, Expert's Help, Accounting for financial instruments Discussions

Write discussion on Accounting for financial instruments
Your posts are moderated
Related Questions
Accounting System: The accounting systems are the primary financial systems that any business should have in place to ensure accurate and usable financial information. The b

A Life Insurance Company invested $10,000,000 in pure-discount U.S. bonds in May 1995 while the exchange rate was 80 yen per dollar. The insurance company liquidated the investment

This is the part of after-tax personal income that is not spent.

Explain the factors affecting the choice of a maximum cash balance amount. The maximum cash balance amount is defined by available investment opportunities, the expected return o

Demerits of Pay Back Method:- (i) It ignores the Cash Flows after the Pay Back Period: - The main shortcoming of this method is that it completely ignores all cash inflows subs

a. The primary financial objective of a company is the maximization of the wealth of shareholders ...per corporate finance theory.    Though, this objective is usually replaced by

Flying High Inc. plans to raise $5,000,000 external financing through issuing bonds, and is considering two options: regular bonds and zero couple bonds.  The regular bonds will ha

Explain the terms- Stock and  Share Stock Ownership of a company represented by shares that are a claim on the company's earnings and assets. Share Unit of equity

Assignment II Describe capital budgeting techniques with formulas and examples.

a) A product portfolio is the range of products that a business owns or the strategic business units owned by a firm. In bigger firms, like as Virgin, a broad product portfolio mig