IFRS and Offset: Difference between pages

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International Financial Reporting Standard(s).
1.
 
Ability to set assets against liabilities in multiple bank accounts. 
 
Also used in netting transactions.
 
 
2.
 
More generally, the right to reduce or eliminate a liability, by deducting the amount of a related asset. 
 
Most commonly, when the asset and liability are with the same counterparty.
 
 
3.
 
More generally still, the netting of any items, whether or not any positive action is needed to cause the netting.
 
For example, the netting of inflation differentials and expected changes in spot foreign exchange rates under purchasing power parity theory.
 
 
4. ''Environmental concerns''.
 
Abbreviation for carbon offsetting.




== See also ==
== See also ==
* [[FAS]]
* [[Assets]]
* [[FRS]]
* [[Carbon offsetting]]
* [[IAS]]
* [[Counterparty]]
* [[IFRS Foundation]]
* [[Escrow]]
* [[IFRS_–_issues_for_the_treasurer|IFRS – issues for the treasurer]]
* [[Exchange rate]]
* [[International Financial Reporting Standards]]
* [[Inflation]]
* [[IFRS 1]]
* [[Interest offset pooling]]
* [[IFRS 2]]
* [[Liabilities]]
* [[IFRS 3]]
* [[Netting]]
* [[IFRS 4]]
* [[Open interest]]
* [[IFRS 5]]
* [[Spot]]
* [[IFRS 6]]
* [[IFRS 7]]
* [[IFRS 8]]
* [[IFRS 9]]
* [[IFRS 10]]
* [[IFRS 11]]
* [[IFRS 12]]
* [[IFRS 13]]
* [[IFRS 14]]
* [[IFRS 15]]
* [[IFRS 16]]
* [[SSAP]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 21:56, 4 March 2022

1.

Ability to set assets against liabilities in multiple bank accounts.

Also used in netting transactions.


2.

More generally, the right to reduce or eliminate a liability, by deducting the amount of a related asset.

Most commonly, when the asset and liability are with the same counterparty.


3.

More generally still, the netting of any items, whether or not any positive action is needed to cause the netting.

For example, the netting of inflation differentials and expected changes in spot foreign exchange rates under purchasing power parity theory.


4. Environmental concerns.

Abbreviation for carbon offsetting.


See also