Book description
Gain a deeper understanding of financial reporting under IFRS through clear explanations and extensive practical examples.
IFRS can be a complex topic, and books on the subject often tackle its intricacies through dense explanation across thousands of pages. Others seek to provide an overview of IFRS and these, while useful for the general reader, lack the depth required by practitioners and students.
IFRS Essentials strikes a balance between the two extremes, offering concise interpretation of the crucial facts supported by a wealth of examples. Problems and their solutions are demonstrated in a manner which is short, straightforward and simple to understand, avoiding complex language; jargon and redundant detail.
This book is suitable for students and lecturers at universities and other educational institutions, auditing and accounting trainees, and employees in the area of accounting and auditing who seek to develop their practical skills and deepen their knowledge of IFRS.
Table of contents
- Cover
- Title Page
- Copyright
- Preface
- Abbreviations
- The Conceptual Framework for Financial Reporting
- IAS 1 Presentation of Financial Statements
- IAS 2 Inventories
- IAS 7 Statement of Cash Flows
- IAS 8 Accounting Policies, Changes in Accounting Estimates, and Errors
- IAS 10 Events after the Reporting Period
- IAS 11 Construction Contracts
- IAS 12 Income Taxes
- IAS 16 Property, Plant, and Equipment
- IAS 17 Leases
- IAS 18 Revenue
- IAS 19 Employee Benefits and IAS 26 Accounting and Reporting by Retirement Benefit Plans
- IAS 20 Government Grants
- IAS 21 The Effects of Changes in Foreign Exchange Rates
- IAS 23 Borrowing Costs
- IAS 24 Related Party Disclosures
- IAS 26 Accounting and Reporting by Retirement Benefit Plans
- IAS 27 (2008) Consolidated and Separate Financial Statements, IAS 27 (2011) Separate Financial Statements, and IFRS 10 (2011) Consolidated Financial Statements
- IAS 28 Investments in Associates and IAS 28 (2011) Investments in Associates and Joint Ventures
- IAS 29 Financial Reporting in Hyperinflationary Economies
- IAS 31 Interests in Joint Ventures and IFRS 11 Joint Arrangements
- IAS 32 Financial InstrumentsPresentation
- IAS 33 EARNINGS PER SHARE
- IAS 34 Interim Financial Reporting
-
IAS 36 Impairment of Assets
- 1 Introduction and scope of IAS 36
- 2 When to test for impairment
- 3 When to reverse an impairment loss
- 4 Determining the recoverable amount for an individual asset or for an asset's CGU?
- 5 Determining the recoverable amount
- 6 Determining the carrying amount of a CGU
- 7 Goodwill
- 8 Corporate assets
- 9 Recognizing and reversing an impairment loss
- 10 Non-controlling interests
- 11 Examples with solutions
- IAS 37 Provisions, Contingent Liabilities, and Contingent Assets
- IAS 38 Intangible Assets
- IAS 39 Financial InstrumentsRecognition and Measurement
- IAS 40 Investment Property
- IAS 41 Agriculture
- IFRS 1 First-time Adoption of International Financial Reporting Standards
- IFRS 2 Share-based Payment
-
IFRS 3 Business Combinations
- 1 Introduction and Scope
- 2 Acquisition of Shares vs. Acquisition of the Individual Assets
- 3 Identifying the Acquirer
- 4 Acquisition Date
- 5 Acquisition-related Costs
- 6 Accounting for a Business Combination on the Acquisition Date
- 7 Subsequent measurement and accounting
- 8 Deferred tax
- 9 Entries necessary in order to prepare the consolidated financial statements
- 10 Determining what is part of the business combination transaction
- 11 Examples with solutions
- IFRS 4 Insurance Contracts
- IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
- IFRS 6 Exploration for and Evaluation of Mineral Resources
- IFRS 7 Financial InstrumentsDisclosures
- IFRS 8 Operating Segments
- IFRS 9 Financial Instruments and IAS 39 Financial InstrumentsRecognition and Measurement
- IFRS 10 Consolidated Financial Statements
- IFRS 11 Joint Arrangements
- IFRS 12 Disclosure of Interests in Other Entities
- IFRS 13 Fair Value Measurement
- Index
Product information
- Title: IFRS Essentials
- Author(s):
- Release date: May 2013
- Publisher(s): Wiley
- ISBN: 9781118494714
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