Back office and IAS 31: Difference between pages

Latest revision as of 11:16, 13 September 2017

The former International Accounting Standard 31, which dealt with interests in joint ventures.

IAS 31 was superseded by IFRS 11 'Joint Arrangements' and IFRS 12 'Disclosure of interests in other entities', with effect from 2013.

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-The part of the treasury organisation that administers and supports the trading activities of the treasury front office.
+The former International Accounting Standard 31, which dealt with interests in joint ventures.
-The back office’s main functions are to process, confirm, verify, settle, reconcile and record financial market transactions.
+IAS 31 was superseded by IFRS 11 'Joint Arrangements' and IFRS 12 'Disclosure of interests in other entities', with effect from 2013.
-The back office is also responsible for ensuring that the organisation’s treasury management policy and controls are followed, as well as ensuring general compliance with rules and regulations.
-In a more general sense, the term refers to all administrative functions that support an organisation and includes areas such as payroll and expenses, accounts payable, accounts receivable and accounting.
 == See also ==
-* [[Front office]]
+* [[FRS 102]]
-* [[Middle office]]
+* [[IFRS 11]]
+* [[IFRS 12]]
+* [[International Financial Reporting Standards]]
-==External linkls==
+* [[Joint venture]]
-[http://www.treasurers.org/node/8446  Masterclass: Segregation of duties]  Treasurer article;  www.treasurer.org
-[[Category:Treasury_operations_infrastructure]]
+[[Category:Accounting,_tax_and_regulation]]