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Textbook
Applying International Financial Reporting Standards, 3rd EditionFebruary 2013, ©2012
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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.
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
- 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
