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Books > Business & Economics > Finance & accounting > Accounting > Financial accounting
The book offers an overview of credit risk modeling and management.
A three-step approach is adopted with the contents, after
introducing the essential concepts of both mathematics and
finance.Initially the focus is on the modeling of credit risk
parameters mainly at the level of individual debtor and
transaction, after which the book delves into counterparty credit
risk, thus providing the link between credit and market risks. The
second part is aimed at the portfolio level when multiple loans are
pooled and default correlation becomes an important factor to
consider and model. In this respect, the book explains how copulas
help in modeling. The final stage is the macro perspective when the
combination of credit risks related to financial institutions
produces systemic risk and affects overall financial stability.The
entire approach is two-dimensional as well. First, all modeling
steps have replicable programming codes both in R and Matlab. In
this way, the reader can experience the impact of changing the
default probabilities of a given borrower or the weights of a
sector. Second, at each stage, the book discusses the regulatory
environment. This is because, at times, regulation can have
stricter constraints than the outcome of internal models. In
summary, the book guides the reader in modeling and managing credit
risk by providing both the theoretical framework and the empirical
tools necessary for a modern finance professional. In this sense,
the book is aimed at a wide audience in all fields of study: from
quants who want to engage in finance to economists who want to
learn about coding and modern financial engineering.
This title provides accountants and auditors with easy to follow
and well structured guidance on the preparation of group accounts
in line with UK GAAP. Group accounts must be prepared, by law, for
medium-sized and large groups. Listed companies are required to
prepare their accounts in line with International Financial
Reporting Standards but larger unlisted companies can prepare their
statements using UK GAAP. Groups are very common in the UK and are
likely to become even more common when corporation tax rates
increase in the future as there are various tax advantages to
operating under a group structure. Group structures can vary (e.g.
horizontal, vertical, hybrid, D-shaped|) and preparing financial
accurate financial statements can be complex as a result. While
there is a lot of guidance on producing accounts under IFRS, there
is every little in evidence dealing with the UK GAAP rules. This
title addresses this gap. The commentary identifies the differences
between IFRS and UK GAAP in the treatment of group accounts. The
differences between accounts produced pre and post Brexit are also
covered. All commentary is supported throughout by the inclusion of
worked practical examples based on the authors experience dealing
with clients and running training courses.
The SAGE Course Companion on Financial Accounting is an accessible
introduction to the subject that will help readers to master key
concepts and enhance their thinking skills in line with course
requirements. It provides support on how to revise for exams and
prepare for and write assessed pieces. Designed to compliment
existing textbooks for the course, the companion provides: - Easy
access to the key issues in Financial Accouting - Practice
questions and sample answers to help you prepare for exams and
assignments - Tips to help you remember key points and earn extra
marks - Helpful summaries of the approach taken by the main course
textbooks - Guidance on the essential study skills required to pass
the course The SAGE Course Companion on Financial Accounting is
much more than a revision guide for undergraduates; it is an
essential tool that will help readers take their course
understanding to new levels and help them achieve success in their
undergraduate course.
The book describes the historical evolution and development of
accounting theories and principles. Value and valuation have been
reviewed extensively. The author provides a detailed comparison
between historic and fair value accounting. A comprehensive review
of the literature and researchers' opinions about measurement, fair
value, and historical cost value will enable the readers to
understand the concepts in detail. Additionally, the book includes
case studies evaluating the accounting practices in Turkey and
Romania to illustrate how these concepts are implemented in
practice. The reader will obtain a good understanding of the local
nationalized accounting systems, and up to what extent countries
have adapted to IFRS. The books discusses the usage of IT tools in
accounting and analyses the impact of information technology such
as big data, artificial intelligence, and data analytics in the
field of accounting.
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