Hedge accounting under IAS 39 and IFRS 9 - A critical comparison Dissertation

turn off accounting under IAS 39 and IFRS 9 - A critical comparison - Dissertation ExampleIFRS 9 is still in its development phase and such studies help in changing accounting methods from a rules-focused approach to more of a principle- based view this is done to encourage more personalities and institutions to apply hedgerow as it has benefits associated with good pricing and effective financial reporting. All the selected 32 hedge fund managers participated in the survey and the researchers contribution helped in bringing them up to speed with the scope of the field of operations and ensured these participants were previously using IAS 39 for relevance purposes. The researcher also queried the achievements and financial performance across whole accounting spectrum since these UK based hedge fund managers started applying IFRS 9. ... 41 Results 41 Demographics 41 Research Questions and Hypotheses 41 denary aspects 42 Qulaitative analysis 45 CHAPTER 5 SUMMARY OF FINDINGS, CONCL USIONS AND RECOMMENDATIONS 49 Summary of findings 49 Data smooth revealed that a majority of the respondents were familiar with the provisions of IFRS 9 having encountered the legal agent in their line of work. The proposed changes, therefore, had a go effect on how the respondents and their organizations would operate upon full adoption. From the analysis of participant opinions, majority had in-depth knowledge of IFRS 9 and IAS 39 judging by the precision of their responses. This was attributed to both their routine responsibilities within the various Hedge Funds and level of education that inclined towards advance financial management for a majority of the sample population. It was therefore dependable to form a preliminary conclusion that the respondents were authorities in their own individual rights within the part of hedge accounting. 49 With the majority of respondents willing and ready to fully move from IAS 39 to IFRS 9, opening conclusions were worn-out that the ne w system was found acceptable by the bulk of industry players making the instrument lots better that IAS 39 on the strength of its acceptability. This was further supported by the present rate of the instruments application where it was revealed through the collected data, that 97% were actually enjoying larger provisions of the system. Revelations of IFRS 9 eliminating 80-125 speciality testing rule and hedging net options stood out as significant positive changes that the new instrument would bring upon adoption. 49 Conclusions 52 Recommendations 53 Bibliography 55 Abstract This study will seek to get out a