- Published Year: 2007
- Page count: 443
- File Size: 2 Mb
- Language: English
- Published by:
- Visited by: 3
- Rating/Review: 4.5
- ISBN: 0470515791
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Accounting for Derivatives: Advanced Hedging under IFRS (The Wiley Finance Series)
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Each download or ask from book AI costs 2 points. To earn more free points, please visit the Points Guide Page and complete some valuable actions.Welcome to the comprehensive introduction to "Accounting for Derivatives: Advanced Hedging under IFRS," an essential resource for finance professionals, accountants, and auditors seeking to deepen their understanding of derivative financial instruments and hedging activities under International Financial Reporting Standards (IFRS).
Detailed Summary of the Book
This book serves as both a theoretical guide and a practical manual for accounting for derivatives, focusing on advanced hedging techniques within the IFRS framework. The complexity of derivative instruments and their accounting treatment can challenge even experienced professionals. "Accounting for Derivatives" addresses these challenges by breaking down complex concepts into manageable insights.
Each chapter delves into critical areas of derivative accounting, from basic definitions to sophisticated accounting techniques. Key derivatives and hedging instruments are explored in detail, equipping readers with an understanding of their characteristics, risks, and uses. The book progresses to cover hedge accounting models and practical aspects of hedge effectiveness testing as prescribed under IFRS 9: Financial Instruments.
Throughout the journey, real-world examples and scenarios are presented to illustrate the application of IFRS standards in various industrial contexts. These examples provide concrete knowledge of how businesses apply derivatives in mitigating financial risks, offering practitioners not just theory, but practical expertise.
Key Takeaways
- Comprehensive Overview: Gain a thorough understanding of derivatives and hedging activities under IFRS guidelines.
- Real-world Applications: Learn through practical examples and case studies reflecting current industry practices.
- Advanced Techniques: Master complex hedging techniques and hedge accounting models necessary for modern financial reporting.
- Regulatory Alignment: Stay updated with the latest amendments and regulations in IFRS relevant to derivative accounting.
- Strategic Insights: Equip yourself with strategic insights into risk management practices involving derivatives.
Famous Quotes from the Book
"Accounting for derivatives is not just about compliance; it is about insightful decision-making that safeguards future financial stability."
"In the labyrinth of financial instruments, derivatives are the cul-de-sacs that can either lead to financial optimization or disarray dependent on understanding and application."
Why This Book Matters
With the growing complexity of financial markets, the relevance of "Accounting for Derivatives" cannot be understated. It provides indispensable knowledge for anyone involved in financial reporting, risk management, or regulatory compliance. The book deciphers intricate accounting standards and adapts them into actionable steps, fostering not just understanding but also the ability to apply principles effectively in real-world situations.
The book's importance is further accentuated by its timely updates reflecting ongoing changes to IFRS standards, ensuring that readers remain at the forefront of accounting practices. As global financial transactions become increasingly sophisticated, having a solid grasp of derivative accounting is crucial for making informed financial decisions and safeguarding assets against market volatility.
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