International Financial Reporting Standards (IFRS) is much more than just a technical issue and, based on the current proposals, will result in fundamental changes to the way in which the industry does business. Recognising this, the Global Banking leadership team of PricewaterhouseCoopers is sponsoring a programme of client seminars and briefing papers on the key commercial and technical challenges, delivering the information the industry needs to respond to the IFRS revolution.
- Accounting for change
Following the 2005 round of financial statement publications, PricewaterhouseCoopers has carried out a survey of 20 banks to find out just how much the introduction of IFRS has affected the manner in which banks report their results.
- IFRS: A step towards Basel II and Solvency II implementation
The 18th in a series of papers dedicated to discussing IFRS and their impact on financial services institutions and the users of their accounts.
- The new deal: Financial services M&A in an IFRS environment
The 17th in a series of papers dedicated to discussing IFR) and their impact on financial services institutions and the users of their accounts.
- The implications of IFRS for general insurers
The 16th in a series of papers dedicated to discussing IFR) and their impact on financial services institutions and the users of their accounts.
- IFRS for UK insurers
The 15th in a series of papers dedicated to discussing IFR) and their impact on financial services institutions and the users of their accounts.
- Analysts perspectives on insurance reporting May 2005
The 14th in a series of papers dedicated to discussing IFR) and their impact on financial services institutions and the users of their accounts.
- IFRS Pocket Guide
This IFRS Pocket Guide provides a summary of the recognition and measurement requirements of IFRSs published up to and including March 2004 (the "stable platform").
- CP04/17: Implications of a changing accounting framework
Our latest FS Bulletin provides a summary of their latest thinking, including: Defined benefit pension schemes and Transitional arrangements.
- Illustrative IFRS Consolidated Financial Statements 2004: Banks (304kb)
This publication provides an illustrative set of consolidated financial statements, prepared with IFRS, for a fictional banking entity. It also include the disclosures required by IFRS as published up to and including March 2004.
- Joining the dots: Tackling the Basel II and IFRS debate (127kb)
This paper compares some of the synergies and differences between the Basel II and IFRS frameworks. In particular, it tackles the IFRS approach to loan loss provisioning and the Basel II approach to calculating capital requirements.
- Applying IFRS for banks: Finding the right solution
PricewaterhouseCoopers' unique application guide with real-life solutions to help you follow best practice in IFRS implementation.
- IFRS: Is your share price at risk? (207kb)
The fifth in our series of papers dedicated to discussing IFRS and their impact on the banking industry addresses some potentially significant consequences of the increased volatility that IFRS is expected to introduce, including how share prices, dividend payments and M&A strategy might be affected.
- Accounting Standards for Central Bank
Sponsored by PricewaterhouseCoopers, Accounting Standards for Central Banks aims to offer an insight into key debates and emerging best practice in central bank financial reporting.
- Countdown to IFRS: Key Issues for Financial Institutions (Issue 3) (495kb)
For the latest information on changing global regulation; the Prudential Sourcebook; the role of ethics in the financial services sector; using technology to meet compliance obligations under Sarbanes-Oxley and the FSA's firm assessment framework.
- IFRS: Latest Developments (100kb)
PwC's April Banking and Capital Markets seminar reviewed the latest developments on the road towards the 2005 deadline for implementation of IFRS, including the initial results of the Roundtables and the latest position of the DTI and the FSA.
- Countdown to IFRS: Key Issues for Financial Institutions (181kb)
The second edition of Countdown to IFRS, which attempts to provoke discussion within the financial services industry ...
- Hedging and Hedge Accounting (166kb)
The impending requirement for EU listed companise to adopt IFRS, and in particular IAS39 which deals with hedge accounting, will create a number of major challenges. The fourth in our series of papers discussing IFRS and the impact on the banking industry deals with some of the more significant issues around hedging
- Countdown to IFRS: Key Issues for Financial Institutions (210kb)
Provides a brief and informal overview of some of the key issues facing financial services companies as the switch to IFRS reporting draws ever closer...
- IAS for investment banks (206kb)
Many investment banks have yet to wake up to the scale and complexity of the move to International Accounting Standards (IAS)...
- The practical implications of IAS in banking: A minefield for the unprepared (204kb)
Third in a series of papers dedicated to discussing International Accounting Standards (IAS) and the impact on the banking industry, this recently published paper discusses how IAS encourages institutions to start thinking about the challenges which they will face during conversion - they need to take action now.
- FRED 30: Financial instruments: Disclosure and presentation & Recognition and measurement (229kb)
Welcome to the second in our series of papers dedicated to the impact of International Accounting Standards on the banking and capital markets industry.
- FRED 23: Financial Instruments:Hedge Accounting (273kb)
A step down the long road towards UK and international accounting harmonisation.
- The implementation of IAS 39 in the banking industry (253kb)
Experience in Germany.
For further publications relating to IAS39, and information on other IAS issues, please
click here.
