Understanding IFRS Fundamentals: International Financial Reporting Standards

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John Wiley & Sons, Jun 3, 2010 - Business & Economics - 416 pages
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A one-stop resource for understanding and applying current International Financial Reporting Standards

The move to International Financial Reporting Standards (IFRS) is the single most important initiative in the financial reporting world, with more than 100 countries requiring or allowing the use of IFRS for the preparation of financial statements by publicly held companies. It is expected that by 2011, more than 150 countries will be converting to it.

It's clear that IFRS is here to stay—get the expert advice you need to properly implement IFRS with Understanding IFRS Fundamentals: International Financial Reporting Standards.

Filled with easy-to-follow examples and case studies, Understanding IFRS Fundamentals: International Financial Reporting Standards is your handy resource to all things IFRS, presenting:

  • Authoritative advice and simple explanations of IFRS standards

  • Topical arrangement of issues of common interest to financial statement preparers and users

  • Extracts from published financial statements illustrating practical implications for applying IFRS

  • Guidance for finance professionals in more than 100 countries that have either adopted or adapted to IFRS

  • Simple explanations of complex standards

A practical reference with the answers to your issues of interest, Understanding IFRS Fundamentals: International Financial Reporting Standards serves as an essential resource for when you need information in a hurry.

Stay on track and focused with the straightforward guidance in Understanding IFRS Fundamentals: International Financial Reporting Standards.

 

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i found this book very easy, comprehensive as compared to other books.
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Contents

Introduction
1
IASB Framework
11
Presentation of Financial Statements IAS 1
23
Inventories IAS 2
27
Statement of Cash Flows IAS 7
35
Accounting Policies Changes in Accounting Estimates and Errors IAS 8
41
Events After the Reporting Period IAS 10
49
Construction Contracts IAS 11
53
Accounting and Reporting by Retirement Benefit Plans IAS 26
131
Consolidated and Separate Financial Statements IAS 27
143
Investments in Associates IAS 28
155
Financial Reporting in Hyperinflationary Economies IAS 29
163
Interests in Joint Ventures IAS 31
171
Presentation IAS 32
177
Earnings Per Share IAS 33
187
Interim Financial Reporting IAS 34
195

Income Taxes IAS 12
59
Property Plant and Equipment IAS 16
69
Leases IAS 17
77
Revenue IAS 18
87
Employee Benefits IAS 19
95
Accounting for Government Grants and Disclosure of Government Assistance IAS 20
107
The Effects of Changes in Foreign Exchange Rates IAS 21
111
Borrowing Costs IAS 23
119
RelatedParty Disclosures IAS 24
123
Impairment of Assets IAS 36
207
Provisions Contingent Liabilities and Contingent Assets IAS 37
215
Intangible Assets IAS 38
223
Recognition and Measurement IAS 39
231
Investment Property IAS 40
261
IFRS 1
277
IFRS 5
331
Index
395
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About the author (2010)

Nandakumar Ankarath is a Fellow Member of The Institute of Chartered Accountants of India and a Senior Partner with Moore Stephens, Chartered Accountants, United Arab Emirates. Nandakumar has over 25 years of postqualification experience in auditing, accounting, financial and management consultancy in various business environments in India, Bahrain, and the United Arab Emirates. He has also served as a member of the Committee on Accounting Standards for Local Bodies formed by the governing body of the Institute of Chartered Accountants of India to formulate accounting standards for local bodies, autonomous bodies, and nonprofit organizations in India.

Dr. T.P. Ghosh is a professor of accounting and finance at Management Development Institute, India, and a visiting professor of Wollongong University in Dubai, United Arab Emirates. Dr. Ghosh, who has served as the Director of Studies of the Institute of Chartered Accountants of India, New Delhi, has authored two important reference books for accounting professionals that include Accounting Standards & Corporate Accounting Practices, 8th edition, 2008.

Dr. Yass A. Alkafaji is an Associate Professor of Accounting at the American University of Sharjah, United Arab Emirates. Dr. Alkafaji, who was the founder of Alkafaji & Associates, Ltd., a Chicago-based public accounting firm, has been a faculty member at Mississippi State University, Bowling Green State University, and Northeastern Illinois University in the United States. He has also been published in various journals including the International Journal of Accounting, Accounting Research Journal, International Journal of Management, and Managerial Auditing Journal.

Kalpesh J. Mehta is a Fellow Member of the Institute of Chartered Accountants of India and is a founding member of the CA Section at M.T. EDUCARE (P) LTD., a premier institution for imparting quality education in India. He is also a faculty member at the Institute of Chartered Accountants of India.

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