This book reflects IFRS as of the preparation of the text during 2004, and as far as possible up to the date of first publication in July 2005.
Accounting Standards in Depth contains a:
* Brief summary of the relevant international accounting standards
* Selection of questions illustrating how international standards are used in practice and provide useful revision practice for those attempting accountancy exams
The book starts with an introduction to the standard setting process, as well as looking at the development of IASB. It examines the framework for the preparation and presentation of financial statements which underpins the practice of financial accounting.
The intention of the book is that the reader will be tested on basic numerical application, on an understanding of the underlying theory, and on presentation of financial statements under the international regulatory framework. The questions have been carefully chosen to test the readers ability to write good practical reports, perform calculations, and present both extracts and full sets of financial statements.
* Tests the reader on numerical application, understanding of the underlying theory and presentation of financial statements
* Includes questions selected from the major accounting bodies in the UK - CIMA and ACCA
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The regulatory framework and the standardsetting
accounting for intangible assets
4 other sections not shown
31 March accounting standard accounting treatment Accumulated profits acquisition assets Property balance sheet benefits book value Calculation capitalisation carrying value cash flows Closing balance Consolidated B/S constructive obligation Contingent Assets Contingent Liabilities Cost of control Cost of sales Current assets Inventory Current liabilities Current liabilities Trade deferred tax asset depreciation diluted EPS directors disclosed disclosure discontinued operations discount Earnings Per Share employees ended 30 September Equity and liabilities expenditure expenses Fair value adjustments finance cost finance lease financial instruments financial statements future IFRS impairment loss income statement Income tax increase intangible asset investment property issue joint venture loan notes million Minority interest Non-current assets Non-current liabilities Opening balance operating lease options Ordinary shares paid payable pension period plant and equipment realised recognised recoverable amount requires Revaluation reserve segments September 2002 Share capital Share premium subsidiary Taxation temporary difference Total assets transaction Unrealised profit valuation