Accounting for Investments, Volume 2: Fixed Income Securities and Interest Rate Derivatives—A Practitioner's Guide

Foreword

This is the second volume in the series of books on the subject “Accounting for Investments” authored by R. Venkata Subramani. This volume deals with the financial instruments in the nature of fixed income securities and interest rate derivatives such as interest rate swaps, caps, floors, collars, reverse collars and cross currency swaps. The comprehensiveness of the coverage is apparent from the fact that the author has meticulously dealt with the accounting treatment, presentation and disclosure aspects related to the fixed income securities and interest rate derivatives by any entity dealing with such financial instruments.

Subramani is an expert in the finance field with hands on experience in the treatment of various financial instruments for about two decades. He is also a techno-savvy professional and therefore quite conversant with the manner in which the transactions are executed in the globalised scenario. Being a Chartered Accountant who has passion to comprehend and apply Accounting Standards, he has analysed the accounting aspects in the context of the US GAAP and IFRS. Wherever considered appropriate, he has indicated the similarities and differences between the US GAAP and IFRS.

The methodical way in which the subject matter is covered with appropriate illustrations indicating the relevant entries to be passed referring to each step in the respective transactions is bound to guide and enlighten the readers practically. The lucid style adopted in authoring ...