Book description
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.
Table of contents
- Cover
- Contents
- Title
- Copyright
- Preface
- Acknowledgments
- About the Authors
- About the Contributors
-
Section I: Introduction to IFRS and IASB Framework
-
Chapter 1: Introduction to International Financial Reporting Standards
- 1. One Globalized World, One Set of Accounting Standards: Ready Or Not
- 2. What Are International Financial Reporting Standards?
- 3. First Steps Toward International Accounting and Global Standard Setting
- 4. Standards Promulgated By the IASC Interpretations Committee That Are Still in Force
- 5. Emergence of the International Accounting Standards Board
- 6. Governance and Structure of the IASC Foundation, Monitoring Board, IFRS Advisory Council, IASB, and the IFRS Interpretations Committee
- 7. Global Outreach and Acceptance of IFRS Across Borders
- 8. Favorable and Historic Breakthroughs in the United States
- 9. The Way Forward
- Chapter 2: IASB Framework for the Preparation and Presentation of Financial Statements
-
Chapter 1: Introduction to International Financial Reporting Standards
-
Section II: Presentation of Financial Statements
-
Chapter 3: Presentation of Financial Statements (IAS 1)
- 1. Objective
- 2. Synopsis of the Standard
- 3. Other Disclosures (Per IAS 1)
- 4. SIC 29, Service Concession Arrangements: Disclosures
- 5. IFRIC 2, Members’ Shares in Co-Operative Entities and Similar Instruments
- 6. IFRIC 17, Distribution of Non-Cash Assets to Owners
- Extracts From Published Financial Statements
- BAE Systems
- Danske Bank Group
- Notes to the Financial Statements
- Chapter 4: Statement of Cash Flows (IAS 7)
- Chapter 5: Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8)
- Chapter 6: Events after the Reporting Date (IAS 10)
-
Chapter 3: Presentation of Financial Statements (IAS 1)
- Section III: Revenue
-
Section IV: Noncurrent Assets, Provisions, Current Liabilities and Assets
- Chapter 11: Property, Plant and Equipment (IAS 16)
- Chapter 12: Borrowing Costs (IAS 23)
-
Chapter 13: Provisions, Contingent Liabilities and Contingent Assets (IAS 37)
- 1. Objective
- 2. Synopsis of the Standard
- 3. Disclosure Requirements
- 4. IFRIC 5, Rights to Interests Arising From Decommissioning, Restoration, and Environmental Rehabilitation Funds
- 5. IFRIC 6, Liabilities Arising From Participating in a Specific Market—Waste Electrical and Electronic Equipment
- Extracts From Published Financial Statements
- Chapter 14: Intangible Assets (IAS 38)
- Chapter 15: Investment Property (IAS 40)
-
Section V: Investments in Associates, Joint Ventures, Subsidiaries, Impairment of Assets and Business Combinations
- Chapter 16: Consolidated Financial Statements and Separate Financial Statements (IAS 27)
- Chapter 17: Investments in Associates (IAS 28)
- Chapter 18: Interests in Joint Ventures (IAS 31)
- Chapter 19: Impairment of Assets (IAS 36)
- Chapter 20: Business Combinations (IFRS 3)
- Chapter 21: Non-Current Assets Held for Sale and Discontinued Operations (IFRS 5)
- Section VI: Financial Instruments
-
Section VII: Employee Benefits and Share-Based Payments
-
Chapter 25: Employee Benefits (IAS 19)
- 1. Objective
- 2. Synopsis of the Standard
- 3. Short-Term Employee Benefits
- 4. Postemployment Benefit Plans
- 5. Other Long-Term Employee Benefits
- 6. Termination Benefits
- 7. Disclosure Requirements
- 8. IFRIC 14, the Limit On Defined Benefit Assets, Minimum Funding Requirements, and Their Interaction
- Extracts From Published Financial Statements
- Chapter 26: Share-Based Payments (IFRS 2)
-
Chapter 25: Employee Benefits (IAS 19)
- Section VIII: Standards Applicable to Public Listed Companies
-
Section IX: Industry-Specific Standards and Standards Applicable in Specific Situations
- Chapter 30: Accounting and Reporting by Retirement Benefit Plans (IAS 26)
- Chapter 31: Financial Reporting in Hyperinflationary Economies (IAS 29)
- Chapter 32: First-Time Adoption of International Financial Reporting Standards (IFRS 1)
- Chapter 33: Insurance Contracts (IFRS 4)
- Chapter 34: Exploration for and Evaluation of Mineral Resources (IFRS 6)
- Section X: Other General Standards
- Appendices: Standards Issued But Not Effective Immediately With Earlier Application Permissible
- Appendices: Comparison of IFRS to Other Accounting Standards
- Index
Product information
- Title: Wiley International Trends in Financial Reporting under IFRS: Including Comparisons with US GAAP, Chinese GAAP, and Indian GAAP
- Author(s):
- Release date: October 2012
- Publisher(s): Wiley
- ISBN: 9780470178447
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