Seeking high standards
Corporate treasurers in Asia have been struggling with the adoption of IAS 39 since the standard was introduced more than a year ago. How are they getting to grips with it and how has it affected their use of derivatives? Rahul Jhaveri reports
Corporate treasurers were griping about International Accounting Standard 39 (IAS 39) even before its adoption in January 2005, but over the past year the standard has made their jobs even more stressful. Financial results for first quarter 2005 showed that adopting IAS 39 has generally been painful for bottom lines, although the implications vary.
The main issue with IAS 39, which deals with the recognition and measurement of financial instruments, has to do with the requirement for hedging
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