IFRS 10 and Quoted rate: Difference between pages

Revision as of 14:36, 17 November 2015

A rate expressed on the basis which is conventional in the market in which the parties are dealing or proposing to deal.

For example, in relation to interest rates in wholesale markets:

Short-term quoted rates are almost always nominal annual rates, either on a 360-day or 365-day basis
Longer-term rates are usually effective annual rates
Exceptions include the quotation of semi-annual rates in relation to many types of bond

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-International Financial Reporting Standard 10, dealing with consolidated financial statements.
+A rate expressed on the basis which is conventional in the market in which the parties are dealing or proposing to deal.
-Issued by the International Accounting Standards Board.
+For example, in relation to interest rates in wholesale markets:
+*Short-term quoted rates are almost always nominal annual rates, either on a 360-day or 365-day basis
+*Longer-term rates are usually effective annual rates
+*Exceptions include the quotation of semi-annual rates in relation to many types of bond
 == See also ==
-* [[IAS 27]]
+* [[Day count conventions]]
-* [[International Financial Reporting Standards]]
+* [[Nominal annual rate]]
+* [[Short term]]
-[[Category:Control_and_Reporting]]
+* [[Long term]]
+* [[Effective annual rate]]
+* [[Semi-annual rate]]