000			03819nam a2200193 4500
020			_a9780754522577 _cTZS 185,155/=
040			_aMUL _beng. _eAACR
082			_a657.3 HAG
100			_aHague Ian, P. N.
245			_aApplying international financial reporting standards : _b financial instruments _c/ Ian, P. N. Hague
260			_aLondon : _bLexisNexis, _c c2004.
300			_axiii, 242 p. ; _c23 cm.
504			_aIncludes index.
505			_a"1. IntroductionOverview of IAS 32 & IAS 39 - what does it cover and what are the main requirements.Brief history - development based on US GAAP, Implementation guidance, Improvements.Key principles - four fundamental underlying principles and rationale - including merits of fair value.Benefits & criticisms - balance between pros and cons that led to "an imperfect solution".2. Just the basics!Who, why, what, when?Do I have to do hedge accounting?Classifying financial instruments - what do I have to do?Embedded derivatives - need to identify them.Disclosures.Application to simple situations - debtors, creditors, long-term debt, etc.3. What are financial instruments?Definition - and application of definition to financial instruments - not just derivatives.Examples Derivatives - definition and application of definition to examples. Explanation of basic derivatives - forwards, options, swaps.4. Scope of IAS 32 & IAS 39 - what is included and what is excluded?Scope exceptions and additions - including reasonsApplication to insuranceCommodity contracts5. Classification of financial instruments - trading, held-to-maturity, originated loans, available-for-sale.Consequences of classificationsExamples6. Embedded derivativesWhat are embedded derivatives?When must they be separated?How must they be separated?Examples7. Recognition - when to recognize a financial instrument on the balance sheet?Transaction costsSpecial situations - e.g. regular way securities transactions8. MeasurementBasic measurement rulesCurrent uses of fair value in accountingDetermining fair value - including sources and basic valuation modelsImpairment9. Gains and lossesIncome versus equity10. ReclassificationConsequences of reclassifications11. Hedge accountingNeed for hedge accounting - examplesQualifying hedge relationshipsWhat qualifies and why?What doesn't qualify and why?Macro-hedgingAccounting - fair value hedges, cash flow hedges and hedges of net investmentEffectivenessDocumentation12. DerecognitionThe components / control based approachFinancial assetsBasic modelMore complex situations - transfer of only part of a financial assetFinancial liabilities13. DisclosurePoliciesRisk managementHedgingOtherExamples of meaningful disclosures14. Offsetting15. PresentationDebt versus equity - including compound instruments and measurement considerationsExamples16. Transition / first-time application - both the specific rules in IAS 32 / IAS 39 and those expected in First-time Application Standard.Getting started - what to do to prepare for implementation - identifying financial instruments, designating hedges, classifying instruments, etc. Need to also consider comparative information.17. The future - further fair value, performance reportingUS GAAP Comparison - in each chapter (identify outright conflicts and those that can be avoided by discretionary choice)18. UK GAAP Comparison - separate chapter FRS 5FRED 23FRED 30, etc.Companies legislation"
520			_aBreaks down the intricacies of IAS 32 and IAS 39 into a step-by-step approach, explaining the requirements of the standards and how to apply them. This work includes examples that cover a range of possibilities from straightforward situations to complex issues encountered by multi-national enterprises.
546			_aeng.
650			_aFinancial instruments Accounting Standards
942			_cBK
999			_c3923 _d3923