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Vladimir Tikhomirov "Upsss" (London, UK)

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Risk Accounting and Risk Management for Accountants
Risk Accounting and Risk Management for Accountants
by Dimitris N. Chorafas
Edition: Paperback
Price: 39.90

1 of 1 people found the following review helpful
2.0 out of 5 stars Unreadable, 19 Mar 2010
This book was on my reading list and I forced myself to read chapter 1 yesterday. I decided to quit reading and here are some arguments:
1. Topic is hot and relevant to my personal interests but this is not enough. Two stars are for attempt made to cover important topic.
2. Book mentiones IAS 30 (!!!) and 39 and does not mention IFRS 7. This means the book was already outdated at the time of publishing (2008).
3. Book includes some interesting facts but there is not enough logic behind the facts. Author often jumps from one idea to another and too often refers that something will be explained later (which is probably unacceptable for introductory books).
4. By design and title the audience are accountants who wish to know more about risk management. By content it could be financial services accountants who already deal with these matters and just want to refresh.
Conclusion: buy and read The Essentials of Risk Management by Crouhy, Galai and Mark! Much cheaper and better option.

Derivatives Demystified: A Step-by-Step Guide to Forwards, Futures, Swaps and Options (The Wiley Finance Series)
Derivatives Demystified: A Step-by-Step Guide to Forwards, Futures, Swaps and Options (The Wiley Finance Series)
by Andrew M. Chisholm
Edition: Paperback

1 of 1 people found the following review helpful
5.0 out of 5 stars Great book, 18 Mar 2010
This book starts from explaining major types of derivatives, then moves to risks addressed (IR, FX, etc.) and OTC/exchange traded. Then in several chapters it step by step explains greeks and trading/hedging strategies and ends with chapter on structured products. The book is full of examples and moves from simple to not so simple.
I highly recommend this book to everyone who wants to understand derivatives. Wiley Finance series is very diverse in quality and this book is one of the best - no irritating errors, very well structured. Author is lecturing on the subject for many years and you can feel that the book is built on this experience and feedback from numerous participants. It is very likely that you will find answers to your questions.
The only minor disadvantage is that it is slightly outdated. Second edition is out in July 2010!

Essentials of Managing Treasury (Essentials Series)
Essentials of Managing Treasury (Essentials Series)
by Karen A. Horcher
Edition: Paperback
Price: 36.25

6 of 6 people found the following review helpful
4.0 out of 5 stars Nice primer, 25 Feb 2010
This book is a nontechnical overview of treasury activities. It helps to get a feeling what treasurers and risk managers do. The book covers about a half of CertITM syllabus of the Association of Corporate Treasurers (ACT) and can be used as a primer. Just do not expect too much - there are fifteen lines on SFAS 133 and another five lines on IAS 39 for example (i.e. reader will know about their existence but not much more).

Accounting for Financial Instruments
Accounting for Financial Instruments
by Cormac Butler
Edition: Hardcover
Price: 55.00

9 of 9 people found the following review helpful
3.0 out of 5 stars Good for first edition, 14 Jan 2010
On the positive side it is IFRS book (unlike Ryan which is US GAAP centered) and it discusses major areas with numerous practical examples. Author also shares his opinions (sometimes subjective but representative of financial services accounting community and thus valuable) which make the book more lively.
Unfortunately book contains numerous mistakes that seriously undermine its value. Just several examples:
1. In the beginning author mentiones two measurement models: fair value and cost. He consistently calls amortised cost model just 'cost' yet later gives correct examples. There are three models: Fair value, cost and amortised cost.
2. Some phrases leave me, ex-auditor speechless: "... directors often force auditors to hide losses or recognise revenue prematurely, despite the accounting standards." Who forces whom? Yes, I do understand what author wanted to say. Why doesn't he just say it properly?
3. IFRS 3 does not deal with consolidations and does not define control. IAS 27 does.
4. More than once in the book (pp. 64, 76) IFRS 3 is called 'Share based payments'. IFRS 3 is about 'Business Combunations' (M&A) and IFRS 2 regulates 'Share-based payments'.
I don't think that full list of mistakes should be included in this review but above mentioned should give the impression about the quality. I believe that there is enough 'meat' in the book to justify its reading that's why I give it three stars. I sincerely hope that second edition will be much better.

Nokia 1208 Sim Free Mobile Phone - Black
Nokia 1208 Sim Free Mobile Phone - Black

3 of 5 people found the following review helpful
5.0 out of 5 stars Enjoy simplicity, 22 Oct 2009
Bought 1208 as a second phone and enjoy its long-forgotten simplicity. If you need something cheap, reliable and simple this is the decive you need.

Just do NOT buy separate charger as I did (tricked by 'often bought together' area). Charger is ALREADY included in the product box. Not very big loss (GBP 1.60) but this is the fourth Nokia charger of this type in our home and we do not need at least two of them.

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