Financial Reporting-IAS 39
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Institutional investors are supporting the introduction of new accounting rules on derivatives (IAS 39) and insurance contracts (IFRS Rule 4). IAS 39 was issued in March 2004 by the International Accounting Standards Board. It introduces a common standard on how to treat the use of derivatives in financial statements.IFRS Rule 4 is a proposal on the accounting treatment of insurance contracts. Banks and insurers fear that greater volatility in their balance sheets will be outcome of these new and proposed new rules. The graphic depicts a climber carrying a briefcase, representing management or finance director of an affected company, climbing the IAS 39 peak.
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| Low Resolution(750W x 617H) 10.0 " x 8.2"
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| High Resolution(3000W x 2466H) 10.0" x 8.2 "
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