Applying International Financial Reporting Standards, 3rd edition, has been thoroughly updated to reflect the varied and numerous developments in International Financial Reporting Standards (IFRSs). The expert knowledge and authoritative explanations of the author team have resulted in the book being extensively referenced by both the accounting profession and academics in countries that have either adopted, or intend to adopt, international accounting standards.
The continuing focus of the second edition of this book is on interpreting, analysing and illustrating the financial reporting requirements under IFRSs. Each chapter contains numerous illustrative examples that present and explain concepts to ensure that users gain a deep understanding of the reporting requirements and meet the knowledge expectations of the accounting profession.
The coverage of accounting standards has been expanded in the second edition with the inclusion of new chapters on IFRS 6 Exploration for and Evaluation of Mineral Resources, IAS 18 Revenue, IAS 19 Employee Benefits and IAS 41 Agriculture. This book has been written for intermediate and advanced financial accounting courses, at both undergraduate and postgraduate levels.
New to this Edition
- New chapters - IASB Conceptual Framework for Financial Reporting, IFRS 11 Joint arrangements, IFRS 13 Fair value measurement, IAS 8 Revenue, IAS 24 Related party disclosures, IAS 33 Earnings per share.
- Details the relevant issues and practical workings associated with various IFRS pronouncements.
- Illustrative examples throughout the chapters show the new financial reporting procedures and further develop conceptual understanding of the financial reporting and disclosure processes.
- Use of real world financial data and annual reports – annual reports extracts from a range of global multi-national companies illustrate how companies prepare and report in accordance with the IFRS.
- Authoritative authors provide insightful and informed analysis of the financial reporting procedures.
Contents
Part 1 Framework
- 1. The IASB and its Conceptual Framework
Part 2 Elements
- 2. Shareholder's equity: share capital and reserves
- 3. Fair value measurement
- 4. Revenue
- 5. Provisions, contingent liabilities and contingent assets
- 6. Income taxes
- 7. Financial Instruments
- 8. Share-based payment
- 9. Inventories
- 10. Employee benefits
- 11. Property, plant and equipment
- 12. Leases
- 13. Intangible assets
- 14. Business combinations
- 15. Impairment of assets
- 16. Accounting for mineral resources
- 17. Agriculture
Part 3 Disclosure
- 18. Financial statement presentation
- 19. Statement of cash flows
- 20. Earnings per share
- 21. Operating segments
- 22. Related party disclosures
Part 4 Economic entities
- 23. Controlled entities – the consolidation method
- 24. Consolidated financial statements – wholly owned subsidiaries
- 25. Consolidated financial statements – intragroup transactions
- 26. Consolidated financial statements – non-controlling interest
- 27. Consolidated financial statements – indirect ownership interests
- 28. The effects of changes in foreign exchange rates
- 29. Associates and joint ventures
- 30. Joint arrangements
Book Details
- Paperback: 1224 pages
- Publisher: Wiley; 3 edition (February 18, 2013)
- Language: English
- ISBN-10: 0730302121
- ISBN-13: 978-0730302124
- Product Dimensions: 8.5 x 1.5 x 9.9 inches
- List Price: $245.95