Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

07 January 2009

IASplus: Report on IFRS for investment funds


The report points out that an IFRS conversion is not primarily an exercise in reshuffling the chart of accounts, nor is it principally a technical accounting and financial reporting matter.

Deloitte has published IFRS for Investment Funds which provides regulatory background and steps to consider moving forward, including the following sections:

Ø       Industry Views on IFRS for Investment Funds

Ø       Challenges and Opportunities for Investment Funds

Ø       Your Roadmap

Ø       Technical Accounting Issues for Investment Funds

Ø       More Than Accounting and Financial Reporting

Ø       Smoothing the Transition

Ø       Time for Leadership

Ø       Resources & Contacts

 

The report points out that an IFRS conversion is not primarily an exercise in reshuffling the chart of accounts, nor is it principally a technical accounting and financial reporting matter. Companies are likely to spend significant amounts of time addressing concerns around tax, valuation, legal and compliance, people, technology, and communications. And the impact of consolidation differences will likely have a significant impact on private equity funds and the companies that manage these funds.

 

Report

 



© Deloitte LLP

Documents associated with this article

Deloitte report on IFRS for investment funds.pdf


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment