Wiley IFRS: Practical Implementation Guide and Workbook

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John Wiley & Sons, Mar 16, 2011 - Business & Economics - 600 pages
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— Explanations of IFRSŪ and IFRIC interpretations

— Practical insights into implementation issues

— Worked-out illustrations and examples

— Case studies with solutions

— Multiple-choice questions with answers

— Extracts from published financial statements

A one-stop resource for understanding and applying current International Financial Reporting Standards

As the International Accounting Standards Board (IASB) makes rapid progress towards widespread acceptance and use of IFRSŪ (formerly named International Accounting Standards) worldwide, the need to understand these new standards increases. Now fully revised and updated, IFRSŪ Practical Implementation Guide and Workbook, Third Edition is the straightforward handbook for understanding and adapting the IFRSŪ standards.

This quick reference guide includes easy-to-understand IAS/IFRSŪoutlines, explanations, and practical insights that greatly facilitate understanding of the practical implementation issues involved in applying these complex standards.

Clearly explaining the IASB standards so that even first-time adopters of IFRSŪ will understand the complicated requirements, the Third Edition presents:

  • Ten recently issued and revised IFRSŪ standards including business combinations, financial instruments and newly issued IFRSŪ for SMEs
  • New International Financial Reporting Interpretations Committee (IFRIC) projects
  • Multiple-choice questions with solutions and explanations to ensure thorough understanding of the complex IFRSŪ/IAS standards
  • Case studies or "problems" with solutions illustrating the practical application of IFRSŪ/IAS
  • Excerpts from published financial statements around the world

Designed with the needs of the user in mind, IFRSŪ Practical Implementation Guide and Workbook, Third Edition is an essential desktop reference for accountants and finance professionals, as well as a thorough review guide for the IFRSŪ/IAS certification exam.

 

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Contents

2
59
10
73
11
81
12
93
13
155
14
171
15
179
16
191
Intangible Assets IAS 38
393
Investment Property IAS 40
407
Agriculture IAS 41
415
FirstTime Adoption of International Financial Reporting
425
ShareBased Payments IFRS 2
445
Business Combinations IFRS 3
463
Insurance Contracts IFRS 4
483
Acknowledgements
490

17
199
18
213
19
221
20
233
21
245
22
251
23
263
Recognition and Measurement
287
Earnings Per Share IAS 33
339
Contents
354
Interim Financial Reporting IAS 34
355
Impairment of Assets IAS 36
363
Provisions Contingent Liabilities and Contingent
379
Noncurrent Assets Held for Sale and Discontinued
491
Exploration for and Evaluation of Mineral Resources
503
Disclosures IFRS 7
511
Operating Segments IFRS 8
531
Financial Instruments IFRS 9
537
IFRS for SMEs
551
Answers for MultipleChoice Questions
567
Index
571
Introduction to International Financial Reporting
1
Borrowing Costs IAS
23
Financial Reporting in Hyperinflationary Economies
29
11
38
Copyright

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About the author (2011)

ABBAS ALI MIRZA is a Partner in Deloitte & Touche, Dubai, UAE, and a member of the firm's regional Assurance and Advisory Committee. He is Chairman of the Auditors Group of the Dubai Chamber of Commerce and Industry and was the Chairman of the Intra Governmental Working Group of Experts on International Standards on Accounting and Reporting (ISAR) at the United Nations.

GRAHAM J. HOLT is an Examiner with the Association of Chartered Certified Accountants (ACCA), and Executive Head of the Division of Accounting and Finance, Manchester Metropolitan University Business School in the UK. He is an IFRSŪ author and contributor to both academic publications and professional journals.

LIESEL KNORR is President of the German Accounting Standards Board and former technical director with the International Accounting Standards Board (IASB) responsible for preparing the core set of standards endorsed by the International Organization of Securities and Exchange Commission. She is the author of many technical papers.

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