Principles of Generally Accepted Accounting Practice

Front Cover
Juta and Company Ltd, 2007 - Accounting - 357 pages
1 Review
This book sets out the key principles of Generally Accepted Accounting Practice (GAAP) in South Africa. It outlines the essential requirements and implications of the International Financial Reporting Standards (IFRS) which now form the basis of South African GAAP, in a concise manner, with numerous examples. "Principles of GAAP" provides an easy and efficient way of understanding these increasingly complex accounting standards. Each chapter introduces and explains the concepts involved, illustrates how figures should be computed, and indicates how items should be disclosed.
 

What people are saying - Write a review

User Review - Flag as inappropriate

Nice book to go thru for GAAP Principles

Contents

Framework for the preparation and presentation of financial statements
7
Presentation of financial statements
19
Accounting policies changes in accounting estimates and errors
33
Revenue
42
Income taxes
52
Leases
65
Employee benefits
89
Sharebased payments
103
Impairment of assets
200
Investment property
217
Intangible assets
226
Noncurrent assets held for sale and discontinued operations
235
Disclosurespresentationrecognition
247
Cash flow statements
267
Joint ventures
285
Accounting for investments in associates
296

Borrowing costs
120
The effects of changes in foreign exchange rates
126
Earnings per share
135
Construction contracts
151
Inventories
163
Events occurring after the balance sheet date Provisions contingent
170
Agriculture
179
Property plant and equipment
187
Consolidated and separate financial statements
306
Related party disclosures
312
Business combinations
318
Segment reporting
325
Interim financial reporting
332
Firsttime adoption of international financial reporting standards
341
Index
351
Copyright

Common terms and phrases

Bibliographic information