Services > IAS39 Implementation

IAS 39 heartache

hedge effectiveness - fair value

Are these terms causing you heartache? The implementation of the new international accounting standards calling for calculation of fair values for asset, liabilities and hedges and a determination of hedge effectiveness is causing many companies significant heartache.

The techniques involved are not trivial and are coming on to the radar screen of many companies for the first time. The deadline for many is 30 June 2004.

Fortunately we are extremely well positioned to offer pragmatic, timely assistance. We can help your IAS 39 implementation in the following ways:

Advice and assistance on a consulting basis

Our professional consultants are specialists in financial engineering, with many years’ experience in precisely the areas required for IAS 39 compliance.

We can help you to meet your deadlines with short-term solutions. Our proven iLib Excelâ add-in provides the tools to allow us to quickly implement practical answers to your immediate needs.

We have a history of successful financial computer system development for major Australian financial institutions. We are currently developing an IAS 39 specific hedge management and interest rate swap settlement system that will provide straightforward, ‘no-frills’ answers to IAS 39 compliance and accounting.

We are able to tailor this system to a company’s individual requirements if they were to join the development at an appropriately early stage.

We have developed a one-day intensive training programme on valuation of cash flows and derivatives, interest rate ‘zero coupon curves’ and hedging and financial risk management. This course has been designed to bring participants quickly up to speed on these issues.

The results of our consulting and system work are simple, profound and practical. We are market practitioners, not theoreticians. We have found that the accounting firms are, understandably, leaving it to companies to design, apply and defend their approaches to fair valuation and hedge effectiveness. These are precisely the areas in which we can help.