2 products
2 products
BANK OF RUSSIA: "A DIGITAL RUBLE". IN ENGLISH.
Regular price $435.00/
Digital Report - immediate delivery to your email.
Date of Publishing: October 2020.
No. of Pages: 45.
Language: English.
What is the concept of a digital ruble? What are its role and place in today’s monetary system? How can it help individuals, businesses, and society in general? What aspects are to be taken into consideration in the course of its implementation? A digital ruble will remain the Russian ruble which will be issued by the Bank of Russia in digital form in addition to the existing forms of money. Individuals will be able to transfer digital rubles to their electronic wallets and use them through their mobile and other devices both online and offline (that is without access to the Internet and mobile communication). A digital ruble will be an additional form of money and will be used alongside individuals’ and businesses’ cash rubles and funds in their commercial bank accounts. Depending on their needs, individuals and companies will be able to exchange their money from one form to another, i.e. from the digital form to cash or noncash funds in their bank accounts, and back. This requires special-purpose technologies that would enable the offline usage of a digital ruble. A digital ruble will combine the advantages of both cash and non-cash money.
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Contents:
1. THE ROLE OF A DIGITAL RUBLE IN MONEY CIRCULATION
1.1. A digital ruble as a form of money.
1.2. The Bank of Russia’s approach to developing a digital ruble.
2. APPLICABILITY OF A DIGITAL RUBLE.
2.1. Pre-requisites, consumer qualities and conditions of use of a digital ruble.
2.2. A digital ruble for households.
2.3. A digital ruble for businesses.
2.4. A digital ruble for government payments.
2.5. A digital ruble for capital markets and financial innovations.
2.6. Certain AML/CFT/CFPWMD issues.
2.7. Protection of digital ruble owners.
3. THE IMPORTANCE OF A DIGITAL RUBLE FOR THE CENTRAL BANK’S
POLICY TO MAINTAIN PRICE AND FINANCIAL STABILITY.
3.1. A digital ruble and monetary policy.
3.2. A digital ruble and financial stability.
4. MODELS AND MECHANISMS FOR IMPLEMENTING A CENTRAL BANK
DIGITAL CURRENCY.
4.1. Models of a central bank digital currency.
4.2. Mechanisms for the technical implementation of a CBDC.
4.3. Confidentiality.
5. INFORMATION SECURITY.
6. LEGISLATIVE AND REGULATORY CHANGES REQUIRED TO IMPLEMENT
A DIGITAL RUBLE.
7. APPENDIX. INTERNATIONAL DISCUSSION ON CENTRAL BANK
DIGITAL CURRENCIES.
TOPICS FOR PUBLIC DISCUSSION.
GLOSSARY.
ABBREVIATIONS.
REFERENCES.
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DELOITTE: "FINANCIAL REPORTING CONSIDERATIONS RELATED TO COVID-19 AND ECONOMIC DOWNTURN".
Regular price $435.00/
Digital Report - immediate delivery to your email.
Date of Publishing: September, 2020.
No. of Pages: 116.
As COVID-19 continues to spread globally, it may be appropriate for entities to consider the impact of the outbreak on accounting conclusions and disclosures related to, but not limited to, the following:
• Impairment of non-financial assets (including goodwill). • Valuation of inventories. • Allowance for expected credit losses. • Fair value measurements. • Onerous contracts provisions. IFRS in Focus 2 • Restructuring plans. • Breach of loan covenants (including impact on the classification of liabilities as current vs non-current). • Going concern. • Liquidity risk management. • Events after the end of the reporting period. • Hedging relationships. • Insurance recoveries related to business interruptions. • Employment termination benefits. • Share-based compensation performance conditions and modifications. • Contingent consideration in contractual arrangements. • Modifications of contractual arrangements. • Tax considerations (in particular, recoverability of deferred tax assets).
The ultimate recognition of accounting impacts related to these issues will vary depending on each entity’s specific facts and circumstances. However, the following accounting areas may be more likely to be affected as a result of the COVID-19 outbreak.
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Contents:
1. Executive Summary.
2. SEC and PCAOB Announcements related to COVID-19.
3. SEC Reporting and Disclosure Considerations.
4. Broad Financial Reporting and Accounting Considerations.
5. Internal Control Considerations.
6. Financial Reporting Under ASC 852 for Entities in Reorganization Under the Bankruptcy Code.
Appendix A - Industry-Specific Insights
Appendix B - Entities Reporting Under IRS Standards.
Appendix C - Deloitte Contacts and Acknowledgements.
Appendix D - Questions in DG Topic 9 and 9A.
Appendix E - Summary of Changes.
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