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| Tekijä: | Fiechter, P. |
| Otsikko: | Reclassification of financial assets under IAS 39: Impact on European banks' financial statements |
| Lehti: | Accounting in Europe
2011 : VOL 8:1-2, p. 49-67 |
| Asiasana: | finance accounting standards financial statements banks Europe |
| Kieli: | eng |
| Tiivistelmä: | This paper deals with the by IASB issued amendment to IAS 39 in Oct. 2008. It's influence is examined on the 2008 financial statements of 219 European banks applying IFRS. Among others, it is found that about 1/3 of the sample banks have taken extensive advantage of these reclassification opportunities. The mean reclassification amount is 3.9 percent of total assets and 131 percent of the book value of equity, respectively. In general, a notable impact of the amendments on banks' financial statements is documented. These reclassifications are suggested to be analysed with especial caution. |
SCIMA