Accounting for Financial Instruments
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Beschreibung
"Cormac skilfully covers the accounting for derivatives and hedging activities in a clear and succinct manner. This book provides a firm basis for understanding the strengths and shortcomings of the current standards on financial instruments, highlighting them with a good number of real life examples. This is one of the few accounting books available on the market that make a complex and dry subject understandable and even enjoyable. "
Juan Ramirez, BNP Paribas, author of 'Accounting for Derivatives'
'Cormac Butler has written a very timely book, with fair value accounting being heavily criticised as a major contributor to the recent banking crisis. More generally, accounting for complex instruments and practices such as securitisation is neither simple nor widely understood. This book is an extremely lucid and full account of the myriad of current practices, which explains why financial institutions can declare a range of profits in the same situation. Whilst covering a wide canvas, Cormac has also made the topic very readable with many interesting case-studies. I would strongly recommend this book to anybody wishing to understand how modern financial instruments are treated by the accountants.'
Richard Flavell, author of 'Swaps and other Derivatives'.
This practical book shows how to deal with the complicated area of accounting of financial instruments. Containing a huge number of sophisticated worked examples, the book treats this complex subject in a way that gives clear guidance on the subject. In an introductory, controversial overview of the subject, the book highlights the mistakes that both auditing firms and the accounting standard setters are making, and demonstrates the contribution the International Financial Reporting Standards have made to the current credit crisis.
Autor*in
Cormac Butler
Themen in »Accounting for Financial Instruments«
Accounting Financial Accounting Finanzbuchhaltung Rechnungswesen