CFM - Recent changes to this Manual
Below are details of the amendments that were published on 28 July 2005 (see the update index for all updates).
| Section | Title and details of the update |
| CFM3101 | Understanding loan
relationships: introduction: what is corporate finance?
Reference added to ways other than borrowing in which companies can acquire financing. |
| CFM3202 | Understanding loan
relationships: borrowing: types of finance
Reference to Islamic finance (alternative finance arrangements) added. |
| CFM3210 | Understanding loan
relationships: borrowing: investor’s return on debt
instruments
Reference to alternative finance arrangements added. |
| CFM3215 | Understanding loan
relationships: borrowing: interest
Order of material changed to improve clarity. |
| CFM3360 | Understanding loan
relationships: particular situations: Islamic finance
New page giving an introduction to Islamic finance. |
| CFM3361 | Understanding loan
relationships: particular situations: Islamic finance –
Murabaha contracts
New page explaining what Murabaha contracts are. |
| CFM3362 | Understanding loan
relationships: particular situations: Islamic finance –
Mudaraba contracts
New page explaining background to Mudraba contracts. |
| CFM7006 | Understanding foreign
exchange: introduction: overview
Updated for changes to local currency accounting rules made by FA 2004. |
| CFM7007 | Understanding foreign
exchange: introduction: links with other guidance
Cross-reference to income tax guidance on forex changed to refer to BIM. |
| CFM7014 | Understanding foreign
exchange: exchange rates: the gold standard
Reference to Inland Revenue web-site changed to HMRC site. |
| CFM7022 | Understanding foreign
exchange: exchange rates: exchange rates used in company accounts
References to Inland Revenue changed to HMRC. |
| CFM7023 | Understanding foreign
exchange: exchange rates: obtaining exchange rate data
Information on obtaining exchange rates updated, and obsolete phone number deleted. |
| CFM7050 | Understanding foreign
exchange: keeping records: accounts in foreign currencies
Material updated in line with new accounting standards that allow a company to present its accounts in a currency that is not its functional (local) currency. |
| CFM17000 | Special topics: contents
Contents page updated for new material. |
| CFM17005 | Artificial payments of
interest: introduction
Reference to alternative finance return added, and reference to Special Investigations Section updated to AAG. |
| CFM17050+ | Stock loans
New material replacing and expanding on guidance previously at IM4300+. |
| CFM17150+ | Repos
New material replacing and expanding on guidance previously at IM4313+. |
| CFM17300+ | Manufactured payments
New material replacing and expanding on guidance previously at IM4330+. |
