International Financial Reporting Standards (IFRS): Stress Testing in Financialized Reporting Entities

Haslam Colin ()
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Haslam Colin: Department of Business and Management, Queen Mary University of London, London E1 4NS, UK

Accounting, Economics, and Law: A Convivium, 2017, vol. 7, issue 2, 105-108

Abstract: These remarks deal with financialisation of accounting. Financialisation is a process by which windfall capital market gains are crystallised from future earnings over and above those available from current earnings and profit. Accounting numbers reported by business firms are increasingly including the product of windfall gains from capital markets into those accounting numbers. Thus a significant disturbance in market valuations embedded in firm’s assets and earnings could have a significant and material impact upon firm-level financial stability.

Date: 2017
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DOI: 10.1515/ael-2017-0016

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