Articles tagged with:

  • Hands of men and women connecting colourful gears into working mechanism

    Treasurers taking key role in IPO

    Treasurers about to go through an IPO take note: you will have a significant role to play as reporting under IFRS demands closer attention to your financial instruments. Treasury Today talks to Ernst & Young Global about the impact of going public.

  • Different sized rocks balancing on 2 rocks

    IFRS 16: $2.8trn of operating leases must move on balance sheet

    With the removal of the distinction between financial and operating leases as IFRS 16 comes into force, more than $2.8trn of assets globally is set to come on balance sheet for IFRS and US GAAP reporting firms. Treasurers should pay attention.

  • Gavel and legal book on wooden table

    Investors drive new IAS Cash Flow disclosure rules

    New rules set to come into force for annual periods commencing on or after 1st January 2017 as part of an amendment to IAS 7 will require companies to provide more information about changes in their financing liabilities.

  • Toyota logo on the front of a Toyota car

    Treasurers on Mars: getting more from Fair Value reporting

    Toyota Finance Australia’s response to the local equivalent of the IFRS 13 Fair Value Measurement standard saw it implement a new platform from which it is determined to get as much as possible.

  • Dandelion being blown in the wind during sunset

    The hedge of darkness

    All businesses are exposed to market risk of some form. A common response is to hedge against those risks but in accounting terms this can create undesirable P&L volatility. Hedge accounting may be an effective remedy to this problem, but it can be a demanding process. Treasury Today calls upon a number of experts to shed some light on this dark art.

  • IFRS 9 edges closer

    As part of its deliberations on phase III of IFRS 9, the IASB has spent the past three months soliciting the opinions of financial professionals in a bid to better understand what they think about its proposals. While most were found to be happy with the new standard, a number of corporates said it failed to take account of some aspects of the economic hedges on both their FX risk and price risk for equity instruments classified in the fair value through other comprehensive income (FVTOCI) category.

  • IASB Management Commentary – reading between the line items

    A company’s annual report is the single most important document it publishes. For listed companies, the announcement of the annual results – a brief press release and the financial statements – will get the media headlines and analysts will deliver an instant comment. Investors in turn will give their verdict. But for all companies, the annual report gives the opportunity to give further detail and to explain what the numbers really mean. This is their opportunity to provide a narrative and describe how management views the business – in short, the management commentary.

  • Unexpected cost of new hedge accounting rules

    The new exposure draft on hedge accounting published by the International Accounting Standards Board (IASB) on December 9 has raised hopes of a more practical treatment of derivatives hedging. While this appears to be the case, the new freedoms granted to corporate treasurers may come at an unexpected cost.

  • New Hedge Accounting Rules – At Last!

    The International Accounting Standards Board (IASB) has just (December 9) published for public comment an exposure draft (ED) on accounting for hedging activities. The draft proposes requirements that will enable companies to reflect their risk management activities better in their financial statements, and, in turn, help investors to understand the effect of those activities on future cash flows. The proposed model is principle-based, and will more closely align hedge accounting with risk management activities undertaken by companies when hedging their financial and non-financial risk exposures. The proposals also include enhanced presentation and new disclosure requirements.

  • IFRS consults on strategy review

    The Trustees of the IFRS Foundation have invited suggestions from interested parties on what it should be doing as the Foundation enters its second decade as the oversight body for the International Accounting Standards Board (IASB). The consultation follows on from the second five-year Constitution Review which was completed in January 2010.