May 2009
X International Scientific Conference: Communication Management ;May2009, p154
Conference Proceeding
The following paper deals with the results of reclassification of financial instruments which often requires a change in evaluating them. In essence, according to International Accounting Standards (IAS), in case of most financial instruments evaluating the fair value is believed to be more relevant method in comparison to the cost price or the rectified cost price. Up until July 2008 the option to reclassify the financial instruments, which could substantially influence the financial assets of the business, were significantly limited. In consequence, the businesses were to an extent forced to apply the fair value in the evaluating of financial instruments. Since July 2008 IAS has allowed the reclassification of instruments from the fair value categories to other categories according to their assets. However, this sort of solution is only available in special circumstances such as current global financial crisis.


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