O'Reilly logo

Intermediate Accounting: IFRS Edition, 2nd Edition by Terry D. Warfield, Jerry J. Weygandt, Donald E. Kieso

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

images

Chapter 1 Financial Accounting and Accounting Standards

  • Revised opening story, to include more recent commentaries on IFRS.
  • New WDNM box, on recent progress toward global adoption of IFRS.
  • Updated and expanded discussion of the IASB's standard-setting structure.
  • Revised International Convergence section, to include recent developments.
  • Moved Appendix 1A, The U.S. Standard-Setting Environment, to book's companion website.

Chapter 2 Conceptual Framework for Financial Reporting

  • Updated Conceptual Framework discussion to reflect recent IASB discussion paper, e.g., materiality no longer considered a separate constraint.
  • Updated discussion on fair value, including the establishment of the fair value hierarchy, and the revenue recognition principle.
  • New WDNM boxes, on the importance of faithful representation, as exemplified by the scandal at Olympus Corp., and the concept of prudence.
  • Updated discussion plus added an illustration on the five steps of revenue recognition.
  • Updated Constraints section as now only cost constraint is included in the Conceptual Framework.

Chapter 3 The Accounting Information System

  • New opening story on impact of global economic crime.
  • Enhanced Adjusting Entries section, to provide additional explanation and visuals to students.
  • New WDNM box, on companies' need to update their accounting information systems yet unwillingness to interrupt their operations ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required