The Open UniversitySkip to content
 

Implications for lending decisions and debt contracting of the adoption of international financial reporting standards

Day, J.; Ormrod, P. and Taylor, P. (2004). Implications for lending decisions and debt contracting of the adoption of international financial reporting standards. Journal of International Banking Law and Regulation, 19(12) pp. 475–486.

URL: http://direct.bl.uk/bld/PlaceOrder.do?UIN=15939225...
Google Scholar: Look up in Google Scholar

Abstract

Considers the potential implications for banks and financial institutions of EC requirements that all companies with listed debt or equity securities adopt international financial reporting standards (IFRS) from January 1, 2005. Examines the likely effects of modified accounting measurement bases on balance sheet based debt covenants and financial statements, including their treatment of preference shares, dividends, employee remuneration and financial instruments. Presents a two page table detailing: (1) key differences between the UK's Generally Accepted Accounting Principles and the IFRS; and (2) the consequences for covenants.

Item Type: Journal Article
ISSN: 1742-6812
Keywords: Accounting standards; Corporate finance; Debts; EC law; Financial reporting; Loans; Securities
Academic Unit/Department: Open University Business School
Item ID: 1980
Depositing User: Users 12 not found.
Date Deposited: 01 Jun 2006
Last Modified: 02 Dec 2010 19:46
URI: http://oro.open.ac.uk/id/eprint/1980
Share this page:

Actions (login may be required)

View Item
Report issue / request change

Policies | Disclaimer

© The Open University   + 44 (0)870 333 4340   general-enquiries@open.ac.uk