Accounting for financial instruments : a guide to valuation and risk management

목차 (Table of Contents)

• CONTENTS
• List of figures = xii
• List of tables = xv
• Foreword = xviii
• Preface and acknowledgements = xx
• Abbreviations = xxiii
• PART 1 Accounting fundamentals = 1
• 1 Introduction = 3
• Book structure and contents = 3
• 2 Financial reporting instruments = 11
• Documenting business transactions = 12
• Classification of business activities = 13
• Company accounts and key financial statement components = 13
• Fundamental accounting equation = 17
• Practical problems = 19
• Solutions = 22
• References = 24
• 3 The accounting process = 25
• The accounting process mechanism = 26
• Double-entry bookkeeping method = 31
• Relationship between accounting process and double-entry framework = 35
• Relationship between the financial statements = 36
• Accounting adjustments for accruals and valuations = 38
• The accounting system = 40
• Using financial statements to analyse securities = 41
• Practical problems = 43
• Solutions = 44
• References = 55
• PART 2 Accounting for financial instruments = 57
• 4 Relevant accounting standards = 59
• Relevant IFRS and IAS accounting standards for financial instruments = 59
• Comparison of IFRS and US GAAPs = 83
• Originate-and-hold and originate-and-distribute banking strategies = 89
• Conclusion = 91
• Practical problems = 91
• Solutions = 93
• References = 96
• 5 Accounting treatment for financial instruments = 97
• Accounting treatment of financial instruments = 97
• Accounting implications when purchasing and selling financial instruments = 110
• Accounting adjustments when purchasing and selling financial instruments = 111
• Example regarding the accounting treatment of financial instruments = 118
• Valuation of financial instruments (investments) = 121
• Conclusion = 128
• Practical problem = 129
• Solution = 130
• References = 134
• 6 Bills of exchange and promissory notes = 137
• The significance of bills of exchange = 137
• The significance of a promissory note = 139
• Advantages of bills of exchange and promissory notes = 141
• Parties involved in bills of exchange = 141
• The operation of bills of exchange = 142
• Accounting entries for bills of exchange and promissory notes = 145
• Calculating the bill of exchange (or promissory note) due date = 147
• The global market place of commerce = 148
• Practical problems = 151
• Additional practical problem = 162
• Solution = 163
• References = 164
• PART 3 Business and financial analysis of organisations = 165
• 7 Financial risk management principles = 167
• Meaning of risk = 168
• Occurrence of financial risk = 170
• What is financial risk management? = 171
• Financial risk management model = 176
• Financial risk identification process = 178
• Financial risk quantification process = 180
• Formulating a risk response strategy = 219
• Financial risk monitoring and control = 222
• Financial risk management plan = 223
• Conclusion = 225
• References = 226
• 8 Financial risk management applications = 227
• Diversification as a means to reduce risk = 227
• Factors that impact interest rates = 231
• Interest rate determination theories = 233
• Factors that affect foreign currency exchange rates = 236
• Currency exchange rate determination theories = 238
• Development of the futures market = 240
• Use of currency futures to hedge currency positions = 242
• Comparison of futures with forward contracts = 243
• Mitigating risk through the use of currency futures = 245
• Mitigating financial risk due to currency exchange and interest fluctuations = 245
• Other hedging approaches = 251
• Examples of hedging approaches = 257
• Conclusion = 274
• References = 274
• 9 Business and financial analysis = 275
• The external environment = 275
• The internal environment = 287
• Applying financial ratios to interpret an organisation's financial statements = 292
• Common-size analysis = 302
• Case study example : internal environment = 307
• Conclusion = 310
• References = 318
• 10 Valuation of a business = 319
• Significance in valuing a business = 320
• Factors that impact the valuation of a business = 321
• The business valuation framework = 322
• Non-going concern business valuation : asset break-up valuation method = 326
• Going concern business valuation : asset approach = 327
• Going concern business valuation : yield basis approach = 331
• Going concern business valuation : economic value approach = 336
• Other factors that impact business valuation = 337
• Practical example : business valuation and sale of Trident Ltd = 339
• Conclusion = 354
• References = 355
• 11 Business Valuation Report and related issues = 356
• Business Valuation Report : format and content = 356
• Business Valuation Report : preliminary segment = 356
• Business Valuation Report : domain descriptive segment = 358
• Business Valuation Report : operating environment segment = 360
• Business Valuation Report : financial statement normalisation segment = 362
• Business Valuation Report : business valuation segment = 363
• Business Valuation Report : business valuation finalisation segment = 364
• Business Valuation Report : covering letter = 367
• Conclusion = 367
• References = 368
• PART 4 Money laundering : the curse of financial services = 369
• 12 Anti-money laundering regulatory issues = 371
• Anti-money laundering (AML) = 371
• Effects of AML legislation on business enterprises = 374
• Overview of anti-money laundering measures in the EU (the 4th Directive) = 376
• Overview of anti-money laundering measures in the USA = 382
• United States of America anti-money laundering legal framework = 384
• Recommendations of Financial Action Task Force (FATF) = 388
• FATF gatekeeper initiative = 397
• Anti-money laundering (AML) risk-based approach = 398
• Auditing and testing AML programs = 400
• Prepare an AML program testing strategy = 400
• Audit program for testing and validation AML／CTF activities = 400
• Report findings and follow-up = 401
• Impact of AML regulations on financial institutions = 402
• Regulatory issues stemming from the G20 = 404
• Potential regulatory issues = 405
• Conclusion = 407
• References = 408
• Index = 409