Macro hedges and the road to 2005
Article Abstract:
IAS 39 allows for fair value hedge accounting and cashflow hedge accounting and respond directly to concerns expressed by the banking community by enabling fair value hedge accounting to be used more readily for a fair value hedge. With the publication of the macro hedging amendment, the IASB announced its intention to set up an international working party to examine the fundamentals of IAS 39 with a view to replacing the standard in due course, however publication does not seem to be the end of problems for this controversial standard.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2004
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Future planning
Article Abstract:
The Accounting Standards Board plans for convergence of UK and International Accounting Standards. The government's proposal is that many companies will have the choice of using either IFRSs or UK standards and one of the principles on which the proposals are based is that there can be no case, in the medium term, for the use in the UK of two sets of accounting standards which means that UK accounting standards must be brought into line with IFRS.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2004
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Boost for counterfeit crackdown
Article Abstract:
The government of the United Kingdom has issued new legislation that it intended to protect intellectual property rights. The legislation will crackdown on counterfeiting and other illegal trademark uses.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2003
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