Special Supplement: Financial Markets Strategies For Corporates - IAS 39: Coming, Ready Or Not? - Matthew Daniel Of ABN AMRO Offers Some Hints To Organisations Implementing The International Accounting Standard 39.

Banker, The, June, 2004

For many companies making the transition to International Accounting Standard (IAS) 39, Financial Instruments: Recognition and Measurement, the deadline of January 1, 2005 is coming all too quickly. There is much to be done: risk management systems to be changed, new procedures to be developed, risk management strategies to be evaluated, documentation to be completed, and methodologies for assessing and measuring hedge effectiveness to be designed.

It took many US companies more than a year to implement the US equivalent, Federal Accounting Standard (FAS) 133. If the experience of US corporations is representative, then many European companies are behind schedule with their implementations and will have a lot of catching up to do during the next seven months....

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