haku: @author Taylor, P. / yhteensä: 23
viite: 4 / 23
| Tekijä: | Ormrod, P. Taylor, P. |
| Otsikko: | The impact of the change to International Accounting Standards on debt covenants: a UK perspective |
| Lehti: | Accounting in Europe
2004 : SEP, VOL. 1, p. 71-94 |
| Asiasana: | Accounting standards Debt financing United Kingdom |
| Kieli: | eng |
| Tiivistelmä: | This article examines the impact on covenants in the debt contracts of companies after the adoption of the International Accounting Standards (IAS). The primary focus is on the UK debt market. It is argued that the adoption of IAS will have significant impact on reported earnings and on balance sheet values. Also, it is argued that the volatility of earnings will increase, thus affecting debt covenants. A number of cases and hypothetical examples are provided to illustrate the impact of the adoption of IAS. |
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