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OverviewA one-stop resource for understanding and applying current International Financial Reporting Standards As the International Accounting Standards Board (IASB) makes rapid progress towards widespread acceptance and use of IFRS® (formerly named International Accounting Standards) worldwide, the need to understand these new standards increases. Now fully revised and updated, IFRS® Practical Implementation Guide and Workbook, Third Edition is the straightforward handbook for understanding and adapting the IFRS® standards. This quick reference guide includes easy-to-understand IAS/IFRS®outlines, explanations, and practical insights that greatly facilitate understanding of the practical implementation issues involved in applying these complex standards. Clearly explaining the IASB standards so that even first-time adopters of IFRS® will understand the complicated requirements, the Third Edition presents: Ten recently issued and revised IFRS® standards including business combinations, financial instruments and newly issued IFRS® for SMEs New International Financial Reporting Interpretations Committee (IFRIC) projects Multiple-choice questions with solutions and explanations to ensure thorough understanding of the complex IFRS®/IAS standards Case studies or ""problems"" with solutions illustrating the practical application of IFRS®/IAS Excerpts from published financial statements around the world Designed with the needs of the user in mind, IFRS® Practical Implementation Guide and Workbook, Third Edition is an essential desktop reference for accountants and finance professionals, as well as a thorough review guide for the IFRS®/IAS certification exam. Full Product DetailsAuthor: Abbas A. Mirza , Graham Holt , Liesel Knorr , Liesel KnorrPublisher: John Wiley & Sons Inc Imprint: John Wiley & Sons Inc Edition: 3rd edition Dimensions: Width: 21.60cm , Height: 3.80cm , Length: 27.60cm Weight: 1.361kg ISBN: 9780470647912ISBN 10: 0470647914 Pages: 608 Publication Date: 15 April 2011 Audience: Professional and scholarly , Professional & Vocational Replaced By: 9781118638590 Format: Paperback Publisher's Status: Active Availability: Out of stock ![]() The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsPreface xi Acknowledgements xiii About the Authors xv 1 Introduction to International Financial Reporting Standards 1 2 IASB Framework 11 3 Presentation of Financial Statements (IAS 1) 17 4 Inventories (IAS 2) 31 5 Statement of Cash Flows (IAS 7) 41 6 Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8) 59 7 Events After the Reporting Period (IAS 10) 73 8 Construction Contracts (IAS 11) 81 9 Income Taxes (IAS 12) 93 10 Property, Plant, and Equipment (IAS 16) 113 11 Leases (IAS 17) 123 12 Revenue (IAS 18) 139 13 Employee Benefits (IAS 19) 155 14 Accounting for Government Grants and Disclosure of Government Assistance (IAS 20) 171 15 The Effects of Changes in Foreign Exchange Rates (IAS 21) 179 16 Borrowing Costs (IAS 23) 191 17 Related-Party Disclosures (IAS 24) 199 18 Accounting and Reporting by Retirement Benefit Plans (IAS 26) 213 19 Consolidated and Separate Financial Statements (IAS 27) 221 20 Investments in Associates (IAS 28) 233 21 Financial Reporting in Hyperinflationary Economies (IAS 29) 245 22 Interests in Joint Ventures (IAS 31) 251 23 Financial Instruments: Presentation (IAS 32) 263 24 Financial Instruments: Recognition and Measurement (IAS 39) 287 25 Earnings Per Share (IAS 33) 339 26 Interim Financial Reporting (IAS 34) 355 27 Impairment of Assets (IAS 36) 363 28 Provisions, Contingent Liabilities, and Contingent Assets (IAS 37) 379 29 Intangible Assets (IAS 38) 393 30 Investment Property (IAS 40) 407 31 Agriculture (IAS 41) 415 32 First-Time Adoption of International Financial Reporting Standards (IFRS 1) 425 33 Share-Based Payments (IFRS 2) 445 34 Business Combinations (IFRS 3) 463 35 Insurance Contracts (IFRS 4) 483 36 Noncurrent Assets Held for Sale and Discontinued Operations (IFRS 5) 491 37 Exploration for and Evaluation of Mineral Resources (IFRS 6) 503 38 Financial Instruments: Disclosures (IFRS 7) 511 39 Operating Segments (IFRS 8) 531 40 Financial Instruments (IFRS 9) 537 41 IFRS for SMEs 551 Answers for Multiple-Choice Questions 567 Index 571Reviews‘…easy-to-understand explanations of IFRS/IAS standards…indispensable guide for finance professionals, auditors, financial analysts and candidates preparing for the IFRS/IAS certification.' (Finance & Management Faculty, March 2011). '...easy-to-understand explanations of IFRS/IAS standards...indispensable guide for finance professionals, auditors, financial analysts and candidates preparing for the IFRS/IAS certification.' (Finance & Management Faculty, March 2011). Author InformationABBAS ALI MIRZA is a Partner in Deloitte & Touche, Dubai, UAE, and a member of the firm's regional Assurance and Advisory Committee. He is Chairman of the Auditors Group of the Dubai Chamber of Commerce and Industry and was the Chairman of the Intra Governmental Working Group of Experts on International Standards on Accounting and Reporting (ISAR) at the United Nations. GRAHAM J. HOLT is an Examiner with the Association of Chartered Certified Accountants (ACCA), and Executive Head of the Division of Accounting and Finance, Manchester Metropolitan University Business School in the UK. He is an IFRS® author and contributor to both academic publications and professional journals. LIESEL KNORR is President of the German Accounting Standards Board and former technical director with the International Accounting Standards Board (IASB) responsible for preparing the core set of standards endorsed by the International Organization of Securities and Exchange Commission. She is the author of many technical papers. Tab Content 6Author Website:Countries AvailableAll regions |