International Financial Reporting Standards: An Introduction

Belverd E. Needles, Marian Powers

Cengage Learning, Jan 10, 2012 - Business & Economics - 80 pages

As convergence becomes a closer reality, International Financial Reporting Standards are essential for both accounting students and CPAs to understand. By implementing first-hand experience of the IFRS coverage from past CPA exams, A GUIDE TO INTERNATIONAL FINANCIAL REPORTING STANDARDS, 3rd Edition provides the basics students need to know to pass the CPA exam. Updates to revenue recognition and leases, the differences between IFRS and U.S. GAAP, and coverage of the SEC's position on its adoption of IFRS have all been included in this booklet. Recent revisions by the IASB on conceptual framework have also been added. Written for learners who are new to IFRS, A GUIDE TO INTERNATIONAL FINANCIAL REPORTING STANDARDS continues to deliver content relevant to students, such as the history, structure, and status of IFRS, and its relationship to U.S. GAAP. This text works well as a standalone item or to supplement an existing course where IFRS will be covered in more detail.
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About the author

Belverd E. Needles, Jr., received his BBA and MBA degrees from Texas Tech University and his PhD degree from the University of Illinois at Urbana-Champaign. He teaches financial accounting, managerial accounting, and auditing at DePaul University, where he is an internationally recognized expert in international accounting and education. He has published in leading journals and is the author or editor of more than 20 books and monographs. His current research relates to international financial reporting, performance measurement, and corporate governance of high-performance companies in the United States, Europe, India, and Australia. His textbooks are used throughout the world and have received many awards, including (in 2008) the McGuffey Award from the Text and Academic Authors Association. Active in many academic and professional organizations, he is immediate past vice president-education of the American Accounting Association. He received the Distinguished Alumni Award from Texas Tech University, the Illinois CPA Society Outstanding Educator Award and its Life-Time Achievement Award, the Joseph A. Silvoso Faculty Award of Merit from the Federation of Schools of Accountancy, the Ledger & Quill Award of Merit, and the Ledger & Quill Teaching Excellence Award. He was named Educator of the Year by the American Institute of CPAs, Accountant of the Year for Education by the national honorary society Beta Alpha Psi, and Outstanding International Accounting Educator by the American Accounting Association. He received the Excellence in Teaching Award from DePaul University.

Bibliographic information

• Title: International Financial Reporting Standards: An Introduction
• Authors: Belverd E. Needles, Marian Powers
• Edition: 3
• Publisher: Cengage Learning, 2012
• ISBN: 1133187943, 9781133187943
• Length: 80 pages
• Subjects: Business & Economics / Accounting / General