IAS 31 and Value dating: Difference between pages

Revision as of 19:49, 2 July 2017

Banking

The practice of dating a customer transaction at some date other than the date at which the bank itself lost or gained value.

Used by banks in some countries as an indirect method of earning fees.

It can be applied to all methods of payment both forwards and backwards in time.

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-The former International Accounting Standard 31, which dealt with interests in joint ventures.
+''Banking''
-IAS 31 was superseded by IFRS 11 'Joint Arrangements' and IFRS 12 'Disclosure of interests in other entities', with effect from 2013.
+The practice of dating a customer transaction at some date other than the date at which the bank itself lost or gained value.
+Used by banks in some countries as an indirect method of earning fees.
+It can be applied to all methods of payment both forwards and backwards in time.
 == See also ==
-* [[FRS 102]]
+* [[Back value date]]
-* [[IFRS 11]]
+* [[Forward value date]]
-* [[IFRS 12]]
+* [[Value]]
-* [[International Financial Reporting Standards]]
+* [[Value date]]
-* [[Joint venture]]
-[[Category:Accounting,_tax_and_regulation]]