Day, J.; Ormrod, P. and Taylor, P.
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.
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.
||Accounting standards; Corporate finance; Debts; EC law; Financial reporting; Loans; Securities
||Open University Business School
||Users 12 not found.
||01 Jun 2006
||02 Dec 2010 19:46
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