The value of VAR
Corporates worried about the impact of IAS 39 on their balance sheets should consider value-at-risk, says Stanley Myint of RBS
At the start of 2005, International Financial Reporting Standards (IFRS) came into force for more than 7,000 publicly quoted companies in the European Union. The new standards will significantly affect several areas of accounting, in particular accounting for financial derivatives. The standard that deals with derivatives accounting is IAS 39 Financial Instruments: Recognition and Measurement (IAS 39). This standard requires corporates to report the mark-to-market (MTM) of
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