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Hedge Accounting
under IFRS |
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Hedge accounting will create
a number of significant issues in Irish companies converting
to the international standards for the first time in 2005.
John McDonnell takes a closer look and outlines its possible
impacts on a company’s processes. |
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"International Financial
Reporting Standards: Ready to take the plunge?" |
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Our survey assesses how prepared
companies are to make the change to IFRS. Structured interviews
were carried out with 310 company officers - generally
the IFRS transition project leader - based in 16 European
countries. The vast majority of companies surveyed are
publicly listed. Download/view
here (539 kb) |
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IFRS Illustrative Corporate
Financial Statements |
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Realistic example set of financial
statements for a corporate entity which illustrate the
disclosure and presentation required by all IFRSs published
up to and including March 2004. |
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Strategy and 'value' in
IFRS financial statements |
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Adopting IFRS requires many
entities to shift away from the historical cost method
to recording more of their assets at 'fair value'. We
look at the implications. |
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Is
your share price at risk? |
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We highlight the potential
issues and implications of IFRS for share prices including
greater volatility, scrutiny over corporate transactions
and communication with the investor community. We also
outline some key action points to address. First appeared
in February edition of Accountancy Ireland. |
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Financial
instruments under IFRS |
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Written by PwC specialists, provides
a broad overview of the requirements of revised IAS 32,
Financial Instruments: Disclosure and Presentation, and
revised IAS 39, Financial Instruments: Recognition and
Measurement, issued December 2003. |
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IFRS:
Preparing Your Company for 2005 |
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John McDonnell, PwC IFRS Services Partner
explores the steps that companies should be taking now
to prepare themselves for the transition to IFRS. |
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IFRS
& Revenue Recognition |
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We explore some of the difficulties surrounding
revenue recognition under IFRS and provides some practical
guidance for banking institutions where the area of revenue
recognition can cause significant problems. |
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IFRS means companies can
no longer delay tough decisions |
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The IASB published its first International
Financial Reporting Standard - IFRS 1, First-time Adoption
of International Financial Reporting Standards - on 19
June 2003. John McDonnell, IFRS Services Partner, summarises
the standard's scope. |
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