ESTER and Primary statements: Difference between pages

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imported>Doug Williamson
(Add alternative spelling - source - ACT blog - https://www.treasurers.org/hub/blog/LIBOR-update-June-2022)
 
imported>Doug Williamson
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''Interest rates - reference rates.''
''Financial reporting''


ESTER is an interest rate calculated by the European Central Bank that reflects wholesale overnight borrowing costs for eurozone banks.  
The main accounting statements required to be presented.  




ESTER is an acronym for Euro Short Term Rate.
These normally include statements of:


ESTER is also sometimes written as '€STR' or 'ESTR'.
* Financial position (balance sheet).
* Comprehensive income (profit or loss).
* Changes in equity.
* Cash flows.




==See also==
The primary statements are supported by ''notes'' providing additional and more detailed financial information.
*[[Benchmark]]
*[[EURIBOR]]
*[[Euro area]]
*[[Euro LIBOR]]
*[[European Central Bank]]
*[[Eurozone]]
*[[Fallback]]
*[[O/N]]
* [[Pre-€STR]]
*[[Reference rate]]
*[[RFR]]
*[[Risk-free rates]]
*[[SONIA]]




==Other link==
The names of the primary financial statements are not normally mandatory, and they also differ according the accounting regime under which an entity is reporting.
[https://www.ecb.europa.eu/paym/initiatives/interest_rate_benchmarks/euro_short-term_rate/html/index.en.html European Central Bank Euro short term rate]


[[Category:Accounting,_tax_and_regulation]]
 
[[Category:Financial_products_and_markets]]
====Comprehensive income and profit or loss====
 
Comprehensive income includes both:
 
*Profit or loss for the period; and
 
*Other comprehensive income for the period.
 
 
Many entities report their profit or loss and other comprehensive income in two separate statements.
 
 
The statement of profit or loss is also known as the ''income statement''.
 
 
 
== See also ==
* [[Entity]]
* [[FVTPL]]
* [[FVTOCI]]
* [[IAS 1]]
* [[Income statement]]
* [[International Accounting Standards]]
* [[Notes]]
* [[Statement of cash flows]]
* [[Statement of changes in equity]]
* [[Statement of comprehensive income]]
* [[Statement of financial position]]
* [[Statement of profit or loss and other comprehensive income]]

Revision as of 20:57, 5 July 2017

Financial reporting

The main accounting statements required to be presented.


These normally include statements of:

  • Financial position (balance sheet).
  • Comprehensive income (profit or loss).
  • Changes in equity.
  • Cash flows.


The primary statements are supported by notes providing additional and more detailed financial information.


The names of the primary financial statements are not normally mandatory, and they also differ according the accounting regime under which an entity is reporting.


Comprehensive income and profit or loss

Comprehensive income includes both:

  • Profit or loss for the period; and
  • Other comprehensive income for the period.


Many entities report their profit or loss and other comprehensive income in two separate statements.


The statement of profit or loss is also known as the income statement.


See also

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