IFRS For Dummies

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John Wiley & Sons, Mar 15, 2012 - Business & Economics - 400 pages
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The easy way to get a grip on International Reporting Standards

IFRS For Dummies is your complete introduction to IFRS and international accounting and balancing standards. Combining all the facts needed to understand this complex subject with useful examples, this easy-to-read guide will have you on top of IFRS in no time.

In plain English, it helps you make sense of IFRS and your understanding of: what they are and where they apply; how to adopt IFRS for the first time; how IFRS affects the key components of your financial statements; how to disclose information in financial statements; and much more.

  • Covers what to do if you're applying IFRS for the first time
  • Explains complicated material in plain English
  • Helps you make sense of this principles-based set of standards that establish broad rules for financial reporting

If you're an accountant, student, or trainee in need of accessible information on IFRS, this hands-on, friendly guide has you covered.

 

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Contents

Introduction
1
Appendixes 349
5
Concepts and Basic Standards
7
Getting to Grips with Some Basic IFRS
27
Taking the Plunge Adopting IFRS for the First Time
51
Looking at the Key Components
69
and equipment
87
Accounting for and revaluing your investment property
93
Tackling Associates
239
Juggling Joint Ventures
257
Disclosing Information in
269
Reporting Related Parties
271
may not be related parties
279
Skilfully Segmenting Information
289
Easing into Earnings per Share
303
The Part of Tens
321

Looking at Assets You Dont See Every Day
95
Accounting for Liabilities
117
Examining Liabilities You Dont See Every Day
141
Accounting for Revenue
161
Accounting for Equity
179
Consolidating and Investing
201
Basics of Consolidation
203
Getting to Grips with More Complex Consolidation Issues
217
Ten Disclosure Requirements Under IFRS
333
Ten Future Developments in IFRS
343
Appendixes
349
Sources of Guidance
351
IFRS for SMEs
357
Index
365
Copyright

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About the author (2012)

Steve Collings is Audit and Technical Director for Leavitt Walmsley Associates Ltd. Steve has written extensively for AccountingWEB.co.uk and is the author of Interpretation and Application of International Standards on Auditing, also published by Wiley. In 2011, Steve was named Accounting Technician of the Year at the British Accountancy Awards.

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