IFRS, fair value and corporate governance
the impact on budgets, balance sheets and management accounts
- ISBN: 9780750668958
- Editorial: Butterworth-Heinemann Ltd.
- Fecha de la edición: 2006
- Lugar de la edición: Oxford. Reino Unido
- Encuadernación: Rústica
- Medidas: 24 cm
- Nº Pág.: 479
- Idiomas: Inglés
The research conducted by Dr. Chorafas for this book documents that the process of meeting IFRS requirements presents opportunities and challenges to all enterprises. As many companies have found out, abandoning the classical accruals accounting for marking-to-market their transactions and portfolio positions, has not been easy. The conversion process has affected several functions within the organization including balance sheets, P&L statements, auditing, risk control, information systems, and management accounting. The book has many case studies based on actual experiences. These range from the implementation of IFRS directives such as hedge accounting, to developing practices of real-time balance sheets; the help provided by sophisticated accounting solutions; help in stress testing; and a comprehensive definition of the role of the audit committee.