O'Reilly logo

Credit Engineering for Bankers, 2nd Edition by Johnathan Mun, Morton Glantz

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 2 International Financial Reporting Standards

Chapter Outline

  • The Tie Between Bankers and Auditors 19
    • The Auditor’s Role 19
    • Accounting Conventions 21
    • Auditor’s Opinions 23
      • Qualified Opinion 23
      • Adverse Opinion 23
      • Disclaimer 24
    • Letter of Transmittal 25
    • Compilation 25
  • A Review of Accounting Principles 26
    • Historical Cost 26
    • Accounting Standards as Applied to Revenue Realization 26
    • The Matching Principle 27
    • Consistency 27
    • Disclosure 27
    • Objectivity 28
  • Financial Reports 28
    • Frequency of Statements 28
      • Annual Statements 28
      • Interim Statements 28
    • Footnotes 29
    • Contingent Liabilities 30
      • Classification of Contingencies 31
      • General Loss Contingencies 31
      • Financial Instruments with Off-Balance Sheet Risk 31
      • Product Warranties or Defects ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required