Share and share alike

Article Abstract:

The release of the international standard IFRS 2 significantly changes the accounting for share-based payments. The pending version, AASB 2 'share based payment' contains a number of changes from the proposals originally canvassed in exposure draft 108 share-based payments, which the Australian Accounting Standards Board (AASB) issued in November 2002. The entities it requires to account for consumption of goods and services are discussed.

Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Stockholders, Securities industry

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ItEs all in the vault

Article Abstract:

The implications of Basel II regulations on banking industry and risk management are discussed. The Australian Prudential Regulatory Authority's recent withdrawal of consent for internal model usage proposal suggested by the National Australia Bank to assess its market risk capital is also discussed. In APRA's opinion implementation of Basel II would be beneficial to Australians in the long run.

Commercial Banks, Asset & Risk Management, Banking industry, Risk management, Beliefs, opinions and attitudes, Australia. Prudential Regulation Authority, Basel Committee on Banking Supervision

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Getting your fair share

Article Abstract:

Details of The International Accounting Standard Boards (IASB) issuing an International Financial Reporting Standard (IFRS) to mark the end of its controversial share-based payment project, which will be effective on 1 January 2004, are discussed. The different considerations while implementing new rules set and their impacts are figured and presented.

Profit Sharing, International Accounting Standards Board

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