Incremental borrowing rate and Luddite: Difference between pages

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imported>Doug Williamson
(Create the page. Sources: The Treasurer, March 2017, p03, Collins English Dictionary, Oxford English Dictionary.)
 
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''Financial reporting - IFRS 16''.
Luddite is a disparaging term for a person who opposes technological change or other innovation.


(IBR).


The lessee's Incremental Borrowing Rate is a key concept in financial reporting for leases under IFRS 16.
<span style="color:#4B0082">'''''Artificial intelligence (AI) - should it worry us?'''''</span>


:"... as Sally Percy argues, AI is full of possibilities - capable of bringing enhancements to treasury operations that won't detract from treasurers' own analytical skills - far less their intuitive ones.


The incremental borrowing rate is the rate the lessee would pay to borrow:
:Indeed, it seems likely that treasurers will find themselves in an enhanced role, freed up to manage exceptional issues - the ones where their judgement is the deciding factor.
*Over a term similar to the lease term
*With a similar security


:No Luddites here."


When the interest rate implicit in the lease cannot be determined, the IBR shall be used instead, to discount the related lease liabilities and assets for reporting under IFRS 16.
:''The Treasurer magazine, March 2017 p3 - Editor's letter.''




==See also==
======Origin======
*[[DIA]]
 
*[[IFRS 16]]
The English ''Luddites'' destroyed industrial machinery which they believed was threatening their jobs, in the period 1811 to 1816.
*[[Internal rate of return]]
 
*[[Interest rate implicit in a lease]]
 
*[[Lease]]
== See also ==
* [[Artificial intelligence]]
* [[Information technology]]

Revision as of 11:16, 9 March 2017

Luddite is a disparaging term for a person who opposes technological change or other innovation.


Artificial intelligence (AI) - should it worry us?

"... as Sally Percy argues, AI is full of possibilities - capable of bringing enhancements to treasury operations that won't detract from treasurers' own analytical skills - far less their intuitive ones.
Indeed, it seems likely that treasurers will find themselves in an enhanced role, freed up to manage exceptional issues - the ones where their judgement is the deciding factor.
No Luddites here."
The Treasurer magazine, March 2017 p3 - Editor's letter.


Origin

The English Luddites destroyed industrial machinery which they believed was threatening their jobs, in the period 1811 to 1816.


See also

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