IBOR Reform and the effects on financial reporting| BDO Webinar from uk gaap accounting Watch Video
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⏲ Duration: 33 min 76 sec ✓ Published: 29-Jul-2020
Description: Regulators announced a transition away from InterBank Offered Rates (IBOR or IBORs) to alternative Risk Free Rates (RFR or RFRs) and COVID-19 has not influenced any delay in implementation. Whilst Interest Rate Benchmark Reform will fundamentally impact banks and other lenders, companies reporting under IFRS and UK GAAP and have applied hedge accounting for IBOR-related hedges will be affected across a number of areas. The classification, recognition and measurement of cash products are also imp
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