International Financial Reporting Standards: A Practical Guide
Applying International Financial Reporting Standards (IFRS) in a business situation can have a signficant effect on the financial results and position of a division or an entire business enterprise. 'International Financial Reporting Standards: A Practical Guide' gives private or public sector executives, managers, and financial analysts without a strong background in accounting the tools they need to participate in discussions and decisions on the appropriateness or application of IFRS. Each chapter summarizes an International Financial Reporting Standard, following a consistent structure: Objective of the Standard Scope of the Standard Key concepts Accounting treatment Presentation and disclosure Financial analysis and interpretation Many chapters of the book also contain examples that illustrate the practical application of key concepts in a particular standard. The publication includes all of the standards issued by the International Accounting Standards Board (IASB) through December 2008.
Other editions - View all
accounting policies ACCOUNTING TREATMENT acquisition adjusted amortization applied asset turnover assets and financial assets and liabilities biological assets business combination capital carrying amount carrying value cash flow statement cash flows company’s Comprehensive Income costs debt December 31 deferred tax depreciation determine disclosed dividends earnings effect employee entity entity’s equipment equity instruments estimated example fair value less finance lease financial assets financial instruments financial liabilities Financial Position date financial ratios financial statements functional currency future gain or loss goodwill hedge IBRD IFRS impairment loss intangible assets inventory investment property investor joint ventures KEY CONCEPTS lease payments loan measured obligation operating cash flow operating lease options outflow percent period present value PRESENTATION AND DISCLOSURE profit or loss purchase recognition recognized result revaluation revenue segments share share-based payment standard Statement of Comprehensive Statement of Financial subsidiary tax expense transactions