Home  Journals  International Accounting  17(167) - 2011 May

Some practical aspects of application IFRS for the credit organizations

Available online: 6 May 2011

Subject Heading: Credit organizations

JEL Classification: 

In connection with the transition of the banking sector's financial reporting under IFRS, which are being improved to provide more transparent reporting, explaining the new standards is a prerequisite. This article reviews new approaches (as set out in IFRS 9) to the valuation of financial assets in the financial statements. The problems of information, examples of how the credit institution shall act in determining business models. The principles of complexity related to the disclosure of information for the three reporting periods.

Keywords: credit institution, financial assets, financial liability, information disclosure, comparative data, debt instruments, equity instruments, the business model

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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