HEDGE ACCOUNTING

IAS 39

ALMIS is a powerful IAS 39 Hedge Accounting solution, designed specifically for hedges of banking and finance company books. The solution specialises in MACRO / PORTFOLIO fair value hedge accounting. It does also cater for micro and cash-flow hedge accounting. This module will minimise the administrative burden of complying with IAS 39 and help significantly in reducing and understanding accounting volatility.

For more information about our system and what we can do to help you, please see below:

ALMIS Case Study: The Cambridge Building Society

SUPERIOR IAS 39 CAPABILITIES OF ALMIS

Both Marco and Micro approaches
Fair Value & Cash-Flow
Auto ‘best fit’ Hedge designation
Fair Value calculations and Effectiveness testing
Accounting journals
Retrospective vs Prospective reconciliation

LATEST DEVELOPMENTS

IFRS publish a discussion paper on Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging. The objective of this project is to develop an approach to better reflect entities’ dynamic risk management activities in their financial statements and to enhance the usefulness of the financial information to help users of financial statements to better understand such activities.

ALMIS International are committed to developing its product to meet the latest developments in accounting standards.

Financial Instruments (replacement of IAS 39)

Find out more about our comprehensive, fully flexible and regulatory

compliant software solution by downloading the ALMIS International brochure.

Download the brochure

TESTIMONIALS

ALMIS’ Hedge Accounting Module is an integral part of the society, giving us flexibility to carry out functions such as best fit, maximising our Hedge Accounting potential.

Duncan FitzpatrickBalance Sheet Manager, Newcastle Building Society

Using one common source of data, ALMIS is able to bring everything together into one neat package.

Richard BebingtonHead of Risk & Compliance, Leek United Building Society

We’ve found it a lot easier to carry out Hedge Accounting using a macro system rather than a micro system, as it is a more straightforward and speedy process. There is a great variety of reports available within ALMIS to analyse the portfolio, allowing us to get information quickly, which is fully auditable, improving our Hedge Accounting process.

Mary BodenHedge Accountant, Leeds Building Society

We chose ALMIS because it was the most user friendly system and gave the best results. The ALMIS planner allows us to easily input changes to our scenarios and see the results quickly.

Julie YardleyFinancial Controller, Tipton Building Society

HEDGE ACCOUNTING

IAS 39

SUPERIOR IAS 39 CAPABILITIES OF ALMIS

LATEST DEVELOPMENTS

TESTIMONIALS

Request Portfolio (macro) hedge accounting article