Overview

"Wiley International Financial Reporting Trends provides copious examples of footnote disclosures and financial statement formats, carefully culled from the world's leading international companies (""Global 500"") that are already compliant with IFRS and report under IFRS standards promulgated by the International Accounting Standards Board, the IASB. Arranged topically, this book is a quick source of reference to find answers to issues of interest to financial statement preparers. It provides hundreds of illustrations taken from financial statements prepared under IFRS by global conglomerates thereby helping preparers and users of financial statements to expeditiously obtain examples of footnote disclosures and financial statements presented under these Standards which are popularly referred to as ""principles-based"" standards (as opposed to ""rules-based"" standards). Additionally, Wiley International Financial Reporting Trends contains comparisons of IFRS to US GAAP, Indian GAAP, and Chinese GAAP, making it a truly global reference resource."

Full Product Details

Author:   Abbas A. Mirza ,  Nandakumar Ankarath
Publisher:   John Wiley and Sons Ltd
Imprint:   John Wiley & Sons Ltd
Dimensions:   Width: 21.80cm , Height: 2.60cm , Length: 27.30cm
Weight:   1.560kg
ISBN:  

9780470178447

ISBN 10:   0470178442
Pages:   792
Publication Date:   16 November 2012
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Awaiting stock  
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Table of Contents

Preface ix Acknowledgments xi About the Authors xiii About the Contributors xv SECTION I: INTRODUCTION TO IFRS AND IASB FRAMEWORK 1 Chapter 1: Introduction to International Financial Reporting Standards 3 Chapter 2: IASB Framework for the Preparation and Presentation of Financial Statements 13 SECTION II: PRESENTATION OF FINANCIAL STATEMENTS 17 Chapter 3: Presentation of Financial Statements (IAS 1) 19 Chapter 4: Statement of Cash Flows (IAS 7) 55 Chapter 5: Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8) 65 Chapter 6: Events after the Reporting Date (IAS 10) 73 SECTION III: REVENUE 81 Chapter 7: Revenue (IAS 18) 83 Chapter 8: Construction Contracts (IAS 11) 95 Chapter 9: Accounting for Government Grants and Disclosure of Government Assistance (IAS 20) 99 Chapter 10: Agriculture (IAS 41) 105 SECTION IV: NONCURRENT ASSETS, PROVISIONS, CURRENT LIABILITIES AND ASSETS 109 Chapter 11: Property, Plant and Equipment (IAS 16) 111 Chapter 12: Borrowing Costs (IAS 23) 131 Chapter 13: Provisions, Contingent Liabilities and Contingent Assets (IAS 37) 143 Chapter 14: Intangible Assets (IAS 38) 159 Chapter 15: Investment Property (IAS 40) 179 SECTION V: INVESTMENTS IN ASSOCIATES, JOINT VENTURES, SUBSIDIARIES, IMPAIRMENT OF ASSETS AND BUSINESS COMBINATIONS 191 Chapter 16: Consolidated Financial Statements and Separate Financial Statements (IAS 27) 193 Chapter 17: Investments in Associates (IAS 28) 215 Chapter 18: Interests in Joint Ventures (IAS 31) 219 Chapter 19: Impairment of Assets (IAS 36) 249 Chapter 20: Business Combinations (IFRS 3) 263 Chapter 21: Non-Current Assets Held for Sale and Discontinued Operations (IFRS 5) 281 SECTION VI: FINANCIAL INSTRUMENTS 289 Chapter 22: Financial Instruments: Presentation (IAS 32) 291 Chapter 23: Financial Instrument: Recognition and Measurement (IAS 39) 293 Chapter 24: Financial Instrument Disclosures (IFRS 7) 297 SECTION VII: EMPLOYEE BENEFITS AND SHARE-BASED PAYMENTS 329 Chapter 25: Employee Benefits (IAS 19) 331 Chapter 26: Share-Based Payments (IFRS 2) 363 SECTION VIII: STANDARDS APPLICABLE TO PUBLIC LISTED COMPANIES 373 Chapter 27: Earnings per Share (IAS 33) 375 Chapter 28: Interim Financial Reporting (IAS 34) 383 Chapter 29: Operating Segments (IFRS 8) 397 SECTION IX: INDUSTRY-SPECIFIC STANDARDS AND STANDARDS APPLICABLE IN SPECIFIC SITUATIONS 427 Chapter 30: Accounting and Reporting by Retirement Benefit Plans (IAS 26) 429 Chapter 31: Financial Reporting in Hyperinflationary Economies (IAS 29) 433 Chapter 32: First-Time Adoption of International Financial Reporting Standards (IFRS 1) 437 Chapter 33: Insurance Contracts (IFRS 4) 445 Chapter 34: Exploration for and Evaluation of Mineral Resources (IFRS 6) 465 SECTION X: OTHER GENERAL STANDARDS 489 Chapter 35: Inventories (IAS 2) 491 Chapter 36: Income Taxes (IAS 12) 505 Chapter 37: Leases (IAS 17) 541 Chapter 38: The Effects of Changes in Foreign Exchange Rates (IAS 21) 553 Chapter 39: Related Party Disclosures (IAS 24) 563 APPENDICES: STANDARDS ISSUED BUT NOT EFFECTIVE IMMEDIATELY WITH EARLIER APPLICATION PERMISSIBLE 577 Appendix A: Financial Instruments (IFRS 9) 579 Appendix B: New IFRS Issued and Amendments to Existing Standards Effective in 2011 and Later Years 587 APPENDICES: COMPARISON OF IFRS TO OTHER ACCOUNTING STANDARDS 599 Appendix C: Comparison of IFRS with US GAAP 601 Appendix D: Comparison of IFRS with India Accounting Standards 633 Appendix E: Comparison of IFRS with China GAAP 707 Index 783

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Author Information

ABBAS ALI MIRZA, CPA, ACA, AICWA, is a Partner in Deloitte & Touche, Dubai, UAE, and a member of the firm's regional Assurance and Advisory Committee. Mirza is Chairman of the Auditors Group of the Dubai Chamber of Commerce and Industry and was the chairman of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) at the United Nations. NANDAKUMAR ANKARATH is a Fellow Member of the Institute of Chartered Accountants of India and a Senior Partner with Moore Stephens, Chartered Accountants, United Arab Emirates. Nandakumar has over twenty-five years of post-qualification experience in auditing, accounting, financial, and management consultancy in various business environments in India, Bahrain, and the United Arab Emirates. He has served as a member of the Committee on Accounting Standards for Local Bodies formed by the governing body of the Institute of Chartered Accountants of India to formulate accounting standards for local, autonomous, and nonprofit organizations in India. He is also the coauthor of Understanding IFRS Fundamentals: International Financial Reporting Standards, published by Wiley.

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