2008年10月15日 星期三

会计准则的儿戏 (2)

14 October 2008

Dear Members,

The International Accounting Standards Board issued the following press release yesterday announcing amendments to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 7 Financial Instruments: Disclosures.

The amendments permit, but only in rare circumstances, reclassification of non-derivative securities (other than those designated in fair value through profit or loss upon initial recognition) out of the trading category (i.e. out of the fair value through profit or loss category). The reclassified asset would be carried at its fair value on the date of reclassification, which will become its new cost or amortized cost, as applicable. The amendments also permit reclassification of a financial asset from the available-for-sale category to the loan and receivable category (cost basis) if the entity has the intention and ability to hold the financial asset for the foreseeable future (loan) or until maturity (debt security).

The deterioration of the world's financial markets during the third quarter of this year is a possible example of "rare circumstances" cited in these IFRS amendments and therefore justifies their immediate publication. The action enables companies reporting according to IFRSs to use the reclassification amendments, if they so wish, from 1 July 2008.

几本上, 佢讲晒啦, 佢种意点book 就点 book.

3 則留言:

匿名 提到...

You're more easier to do your job as a CPA with specific guidelines furnishing by your association; my job include initial valuation or providing valuation consulating for both non- and regular derivatives, all traditional ways of valuation don't apply any more. Nobody wants to point us to a lighthouse in this darkly moment :(

肥蘇 提到...

i think they just dont want all companies are showing a loss on book...as long as u are losing on book only, thts fine...hha unless having cash flow~~

Betty 提到...

匿名,

In that case, then the fair value of those derivatives is subject to your own judgement. It's somehow like jewellery, the range of value can be very large.