Understanding IFRS Fundamentals (eBook)

International Financial Reporting Standards

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

eBook Download: PDF

2010 | 1. Auflage
432 Seiten
John Wiley & Sons (Verlag)
978-0-470-52498-5 (ISBN)

Infos

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.

Autor

Nandakumar Ankarath is a Fellow Member of The Institute of Chartered Accountants of India and a Senior Partner with Moore Stephens, Chartered Accountants, United Arab Emirates. Nandakumar has over 25 years of postqualification experience in auditing, accounting, financial and management consultancy in various business environments in India, Bahrain, and the United Arab Emirates. He has also served as a member of the Committee on Accounting Standards for Local Bodies formed by the governing body of the Institute of Chartered Accountants of India to formulate accounting standards for local bodies, autonomous bodies, and nonprofit organizations in India. Dr. T.P. Ghosh is a professor of accounting and finance at Management Development Institute, India, and a visiting professor of Wollongong University in Dubai, United Arab Emirates. Dr. Ghosh, who has served as the Director of Studies of the Institute of Chartered Accountants of India, New Delhi, has authored two important reference books for accounting professionals that include Accounting Standards & Corporate Accounting Practices, 8th edition, 2008. Dr. Yass A. Alkafaji is an Associate Professor of Accounting at the American University of Sharjah, United Arab Emirates. Dr. Alkafaji, who was the founder of Alkafaji & Associates, Ltd., a Chicago-based public accounting firm, has been a faculty member at Mississippi State University, Bowling Green State University, and Northeastern Illinois University in the United States. He has also been published in various journals including the International Journal of Accounting, Accounting Research Journal, International Journal of Management, and Managerial Auditing Journal. Kalpesh J. Mehta is a Fellow Member of the Institute of Chartered Accountants of India and is a founding member of the CA Section at M.T. EDUCARE (P) LTD., a premier institution for imparting quality education in India. He is also a faculty member at the Institute of Chartered Accountants of India.

Inhalt

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

Produkt-Details

• Erscheint lt. Verlag: 6.5.2010
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Schlagworte: Accounting • International Accounting • Internationales Rechnungswesen • Rechnungswesen
• ISBN-10: 0-470-52498-7 / 0470524987
• ISBN-13: 978-0-470-52498-5 / 9780470524985