2004 is the year when companies around the world need to move their financial reporting to the rules laid down by the International Accounting Standards Board. In this article the chairman of that board, Sir David Tweedie outlines what this change will mean. He also points out that the success...

[eng] Under International Financial Reporting Standards (IFRS), as under all other main accounting regimes used around the world, most assets and liabilities are not presently measured at fair value. IFRS contains two notable exceptions : - for property plant and equipment and certain intangible...

[eng] The role of fair value in accounting for financial instruments. Under International Financial Reporting Standards (IFRS), as under all other main accounting regimes used around the world, most assets and liabilities are not presently measured at fair value. IFRS contains two notable...

Accounting systems are analysed from a theoretical perspective using mathematical methods of analysis and proof, supplemented by numerical illustrations. Earlier work which applied to capital maintenance systems, is developed and extended to encompass full accounting systems, which include...