The flexibility that comes with IFRS 9 will allow companies to manage risk more efficiently and effectively, write Derarca Dennis and Emer Keaveny. The unprecedented volatility in financial markets that has been witnessed in recent times has adversely impacted on many entities which have not been able to manage their risk exposures effectively. This has… Read More IFRS 9: Introducing flexibility into risk management
Hedge accounting is becoming imperative for companies exposed to exchange rate volatility The recent volatility in the South African rand (ZAR) has seen many local corporates scrambling to control the impact of dwindling local currency value on their financial results. The exchange rate with the USD has fluctuated widely in the past five years, from… Read More RAND VOLATILITY IS HEDGE ACCOUNTING FEASIBLE?
By David Castleden and Herrie van Rooy PhD Since the beginning of the financial crisis in 2008, the spotlight from all angles has been on the accounting profession and the need to make a fundamental change to the manner in which financial instruments (IAS 39 Financial Instruments: Recognition and Measurement) are accounted for. If one… Read More When Will The IAS 39 Standard Be Complete?