Practical Guide to IFRS for Derivatives and Structured Finance

Erscheinungsjahr 2006
ISBN: 978-1-84374-267-8
Verlag: Euromoney

Buch, Englisch, 176 Seiten

Graeme Tosen, the manager for technical accounting at HBOS Treasury Services in London, has written a step-by-step guide to understanding and implementing the highly technical accounting rules of the International Financial Reporting Standards (IFRS) that apply to derivatives and structured finance. This is your complete guide to implementing IFRS successfully for derivatives, structured finance and securitisations!

In his new book, Graeme Tosen will:

answer your questions on the accounting standards for these products
provide solutions to overcome the most common obstacles
use practical examples to explain the more complex accounting issues
compare IFRS with US GAAP

The IFRS text is more than 2,000 pages of rules, regulations and guidance. At last there is a summarised edition of the relevant accounting concepts for finance practitioners. This new guide saves you time by focusing on derivatives and structured finance products.

An essential reference for every practitioner needing to interpret and apply the rules to derivatives, structured finance and securitisations.

".a straight-forward and easy-to-understand approach. It is, in my view, a very welcome addition to any financial professional's desk." - Phil Hodkinson, Finance Director, HBOS plc

Contents overview (see Contents tab for a more detailed description):

Fair value and amortised cost accounting
Embedded derivatives
Hedge accounting
Derecognition of financial instruments
Offsetting financial assets and liabilities
Impairment of financial assets
Consolidation
The effects of foreign exchange
Provisions, contingent liabilities and contingent assets
Debt/equity classification
Financial guarantee contracts
Administration
Writing a technical opinion and accounting checklist

Autoren/Hrsg.

Tosen, Graeme

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Externes Rechnungswesen, Rechnungslegung, Bilanzierung
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Internationales Rechnungswesen
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Anlagen & Wertpapiere

Über Autor(innen)

Graeme Tosen is the manager for technical accounting at HBOS Treasury Services in London, and specialises in the accounting for structured finance and derivative transactions. He previously worked as a technical accountant for Aviva plc, financial manager at Gensec Bank in Johannesburg, in the Capital Markets and Treasury division of PricewaterhouseCoopers, and as a Lecturer in Accounting at the University of Pretoria.

Graeme is a member of both the South African Institute of Chartered Accountants and the Institute of Chartered Accountants of England and Wales and is a CFA (Chartered Financial Analyst) charter holder, as well as a member of the Global Association of Risk Professionals.

He holds a masters degree in accounting from the Rand Afrikaans University in Johannesburg, South Africa, where his thesis was on the impact of IAS 39 on e-treasuries. He has also published a number of articles for specialist magazines on accounting and risk management.