I F R S

Application of IAS 21

by R. Venkata Subramani I A S 21

An entity may carry on foreign activities in two ways It may have transactions in foreign currencies It may have foreign operations In addition, an entity may present its financial statements in a foreign currency

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Weather derivatives covered by IAS 39?

by For Hedge Accounting I A S 39

Are weather derivatives covered by IAS 39 or are they insurance contracts? Contracts that require payment only if a particular level of the underlying climatic, geological or other physical variables adversely affects the contract holder are insurance contracts and as such are outside the scope of IAS 39. However contracts that require a payment based [...]

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Welcome to Hedge Accounting resources

by R. Venkata Subramani AS 30

Welcome to the resources for hedge accounting. Please do participate in this web site that provides all the necessary materials for hedge accounting – both under IFRS as well as US Gaap. Other country specific hedge accounting information will also be provided here from time to time. Happy reading! For Hedge Accounting Administrator

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