Banks calculate interest rates on loans, bonds and deposits based on reference interest rates. But reference interest rates can also be used for fair value measurements or, for example, for impairment calculations. One of the current issues today is the reform of interbank interest rates (IBOR reform), which particularly affects contracts linked to LIBOR.
If you want to know more about the IBOR reform and its accounting implications, we would like to recommend the one-and-a-half-hour meaningful e-learning prepared by PwC experts.
This online course is designed to help you understand the accounting consequences of IBOR reform and apply the reliefs provided by the IASB’s 2-phased approach.