Interpretation and Application of International Accounting Standards, 1997
Learn the ins and outs of the International Accounting Standards with this comprehensive guidebook Recent developments-from the fall of communism to expanding technologies, from emerging markets to organizations such as NAFTA, the European Economic Community, and the Andes Community-have changed the nature of international economics and commercially linked nations around the globe. These developments have created the need for increased comparability and harmonization of accounting standards. For the past 10 years the International Accounting Standards Committee (IASC) has established these criteria which have become accepted practice in most of the industrialized world. This is a quick-reference guide for accountants, government officials, and anyone who deals with IAS standards. Offers practical guidance on many topics not covered by IASC standards. Includes most up-to-date coverage of all IASs, which are issued annually Provides detailed, complex "real world" examples BARRY EPSTEIN, PhD, CPA (Chicago, Illinois) is a partner at Checkers, Simon, and Rosner LLP in Chicago. ABBAS ALI MIRZA, CPA, ACA (Sharjah, United Arab Emirates) works for Talal Abu-Ghazaleh and Co. in the Middle East.
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Accounting Under Special SituationsGuidance From
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accounting policy accounting principle acquired acquisition adjustment allocated amortization applied assets and liabilities balance sheet date basis bonds book value carrying amount carrying value cash flows change in accounting common stock computed consolidated contract debt deferred tax asset disclosed disclosure discount dividends ending inventory enterprise entity entity's entry equipment equity method estimated example exchange extraordinary items fair value financial instruments financial reporting financial statements financing lease future GAAP gain or loss historical cost income statement income taxes incurred interim period international accounting standards investment investor issued lessee lessor LIFO long-term market value ment net realizable value Note obligation operating option payable pension present value profit purchase receivable recognized recorded residual value result retained earnings revaluation revenue segment shareholders stockholders subsidiary tax benefit tax effects tax expense taxable temporary differences tion transaction treasury stock treatment United