An analysis of the disclosure of financial instruments by selected companies on the JSE Limited
Published Article === The financial crisis of the 21st century arising from the credit and sub-prime crisis has resulted in the accounting for financial instruments being placed under intense scrutiny. In reaction to this, the International Accounting Standards Board commenced a comprehensive review...
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Journal for New Generation Sciences, Vol 12, Issue 1: Central University of Technology, Free State, Bloemfontein
2015
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Online Access: | http://hdl.handle.net/11462/652 |
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ndltd-netd.ac.za-oai-union.ndltd.org-cut-oai-ir.cut.ac.za-11462-6522016-03-16T03:59:04Z An analysis of the disclosure of financial instruments by selected companies on the JSE Limited Haji, A.M. Marx, B. Coetsee, D. Central University of Technology, Free State, Bloemfontein Financial instruments disclosure Financial crisis IFRS 7 Fair presentation Financial reporting Published Article The financial crisis of the 21st century arising from the credit and sub-prime crisis has resulted in the accounting for financial instruments being placed under intense scrutiny. In reaction to this, the International Accounting Standards Board commenced a comprehensive review of financial instruments and the related accounting standards. This article analyses the disclosure of financial instruments by performing a literature review of the principles underlying financial instruments disclosure, followed by an empirical study of the current practices of the disclosure of financial instruments by selected companies on the JSE Limited. This article indicates that in certain aspects of the disclosure practices related to financial instruments, the "through the eyes of management" approach is not followed in the companies selected - a principle established in International Financial Reporting Standard 7 (IFRS 7). 2015-10-05T11:27:08Z 2015-10-05T11:27:08Z 2014 2014 Article 16844998 http://hdl.handle.net/11462/652 en_US Journal for New Generation Sciences;Vol 12, Issue 1 Central University of Technology, Free State, Bloemfontein 101 617 bytes, 1 file Application/PDF Journal for New Generation Sciences, Vol 12, Issue 1: Central University of Technology, Free State, Bloemfontein |
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en_US |
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Financial instruments disclosure Financial crisis IFRS 7 Fair presentation Financial reporting |
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Financial instruments disclosure Financial crisis IFRS 7 Fair presentation Financial reporting Haji, A.M. Marx, B. Coetsee, D. An analysis of the disclosure of financial instruments by selected companies on the JSE Limited |
description |
Published Article === The financial crisis of the 21st century arising from the credit and sub-prime crisis has resulted in the accounting for financial instruments being placed under intense scrutiny. In reaction to this, the International Accounting Standards Board commenced a comprehensive review of financial instruments and the related accounting standards. This article analyses the disclosure of financial instruments by performing a literature review of the principles underlying financial instruments disclosure, followed by an empirical study of the current practices of the disclosure of financial instruments by selected companies on the JSE Limited. This article indicates that in certain aspects of the disclosure practices related to financial instruments, the "through the eyes of management" approach is not followed in the companies selected - a principle established in International Financial Reporting Standard 7 (IFRS 7). |
author2 |
Central University of Technology, Free State, Bloemfontein |
author_facet |
Central University of Technology, Free State, Bloemfontein Haji, A.M. Marx, B. Coetsee, D. |
author |
Haji, A.M. Marx, B. Coetsee, D. |
author_sort |
Haji, A.M. |
title |
An analysis of the disclosure of financial instruments by selected companies on the JSE Limited |
title_short |
An analysis of the disclosure of financial instruments by selected companies on the JSE Limited |
title_full |
An analysis of the disclosure of financial instruments by selected companies on the JSE Limited |
title_fullStr |
An analysis of the disclosure of financial instruments by selected companies on the JSE Limited |
title_full_unstemmed |
An analysis of the disclosure of financial instruments by selected companies on the JSE Limited |
title_sort |
analysis of the disclosure of financial instruments by selected companies on the jse limited |
publisher |
Journal for New Generation Sciences, Vol 12, Issue 1: Central University of Technology, Free State, Bloemfontein |
publishDate |
2015 |
url |
http://hdl.handle.net/11462/652 |
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