ACT discovering members struggling with financial instruments standard
The real life application of controversial accounting standard IAS39 is causing some 'illogical' outcomes, according to a report by the Association of Corporate Treasurers.
The financial instruments standard, which currently appears in two forms because of concerns at the European Commission over its impact, has caused 'undue complications or accounting outcomes that seem illogical, confusing or even misleading to users of the accounts' of some of its members.
See full Article.
Posts
