Skip to main content

Understanding IFRS Fundamentals: International Financial Reporting Standards

Understanding IFRS Fundamentals: International Financial Reporting Standards

Nandakumar Ankarath, Kalpesh J. Mehta, T. P. Ghosh, Yass A. Alkafaji

ISBN: 978-0-470-39914-9 May 2010 432 Pages

 Paperback

In Stock

$70.00

Description

A one-stop resource for understanding and applying current International Financial Reporting Standards

The move to International Financial Reporting Standards (IFRS) is the single most important initiative in the financial reporting world, with more than 100 countries requiring or allowing the use of IFRS for the preparation of financial statements by publicly held companies. It is expected that by 2011, more than 150 countries will be converting to it.

It's clear that IFRS is here to stay—get the expert advice you need to properly implement IFRS with Understanding IFRS Fundamentals: International Financial Reporting Standards.

Filled with easy-to-follow examples and case studies, Understanding IFRS Fundamentals: International Financial Reporting Standards is your handy resource to all things IFRS, presenting:

  • Authoritative advice and simple explanations of IFRS standards

  • Topical arrangement of issues of common interest to financial statement preparers and users

  • Extracts from published financial statements illustrating practical implications for applying IFRS

  • Guidance for finance professionals in more than 100 countries that have either adopted or adapted to IFRS

  • Simple explanations of complex standards

A practical reference with the answers to your issues of interest, Understanding IFRS Fundamentals: International Financial Reporting Standards serves as an essential resource for when you need information in a hurry.

Stay on track and focused with the straightforward guidance in Understanding IFRS Fundamentals: International Financial Reporting Standards.

Buy Both and Save 25%!

This item: Understanding IFRS Fundamentals: International Financial Reporting Standards

The Vest Pocket Guide to IFRS (Paperback $29.95)

Original Price:$99.95

Purchased together:$74.96

save $24.99

Cannot be combined with any other offers.

Preface vii

About the Authors ix

Introduction xi

1 Introduction to International Financial Reporting Standards 1

2 IASB Framework 11

3 Presentation of Financial Statements (IAS 1) 17

4 Inventories (IAS 2) 27

5 Statement of Cash Flows (IAS 7) 35

6 Accounting Policies, Changes in Accounting Estimates, and Errors (IAS 8) 41

7 Events After the Reporting Period (IAS 10) 49

8 Construction Contracts (IAS 11) 53

9 Income Taxes (IAS 12) 59

10 Property, Plant, and Equipment (IAS 16) 69

11 Leases (IAS 17) 77

12 Revenue (IAS 18) 87

13 Employee Benefits (IAS 19) 95

14 Accounting for Government Grants and Disclosure of Government Assistance (IAS 20) 107

15 The Effects of Changes in Foreign Exchange Rates (IAS 21) 111

16 Borrowing Costs (IAS 23) 119

17 Related-Party Disclosures (IAS 24) 123

18 Accounting and Reporting by Retirement Benefit Plans (IAS 26) 131

19 Consolidated and Separate Financial Statements (IAS 27) 143

20 Investments in Associates (IAS 28) 155

21 Financial Reporting in Hyperinflationary Economies (IAS 29) 163

22 Interests in Joint Ventures (IAS 31) 171

23 Financial Instruments: Presentation (IAS 32) 177

24 Earnings Per Share (IAS 33) 187

25 Interim Financial Reporting (IAS 34) 195

26 Impairment of Assets (IAS 36) 207

27 Provisions, Contingent Liabilities, and Contingent Assets (IAS 37) 215

28 Intangible Assets (IAS 38) 223

29 Financial Instruments: Recognition and Measurement (IAS 39) 231

30 Investment Property (IAS 40) 261

31 Agriculture (IAS 41) 267

32 First-Time Adoption of International Financial Reporting Standards (IFRS 1) 277

33 Share-Based Payment (IFRS 2) 295

34 Business Combinations (IFRS 3) 305

35 Insurance Contracts (IFRS 4) 321

36 Noncurrent Assets Held for Sale and Discontinued Operations (IFRS 5) 331

37 Exploration for and Evaluation of Mineral Resources (IFRS 6) 339

38 Financial Instruments: Disclosures (IFRS 7) 345

39 Operating Segments (IFRS 8) 363

40 Financial Instruments (IFRS 9) 369

41 International Financial Reporting Standards (IFRS) for Small and Medium Enterprises (SMEs) 383

Index 395