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Applying International Financial Reporting Standards. 3rd Edition

  • ID: 2240104
  • Book
  • December 2012
  • Region: Global
  • 1164 Pages
  • John Wiley and Sons Ltd
Applying International Financial Reporting Standards 3rd edition has beenthoroughly updated to reflect the numerous changes with the International Financial Reporting Standards (IFRS) as a consequence of the convergence program between the IASB and FASB. The expert, authoritative and reliable explanations of the author team continues and the textbook is widely referenced by both students and academics, and the accounting profession in countries that have adopted international accounting standards.      

The continuing focus of the third edition is to explain, interpret, analyse and illustrate the financial reporting requirements under IFRS. Each chapter contains numerous illustrative examples that present and explain concepts to ensure users gain a deep understanding of the reporting requirements and procedures, and attain the knowledge expectations of the accounting profession in respect to IFRS.

The coverage of accounting standards has been expanded with the inclusion of new or thoroughly revised chapters on IFRS 9 Financial instruments, IFRS 11 Joint arrangements, IFRS 13 Fair value measurement, IAS 8 Revenue, IAS 24 Related party disclosures, IAS 33 Earnings per share and IAS 41 Agriculture. This textbook has been written for intermediate and advanced courses on financial accounting, at both undergraduate and postgraduate level.
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Preface xi

About the authors xiii

Acknowledgements xv

Part 1. Conceptual Framework 1

1. The IASB and its Conceptual Framework  3

Part 2. Elements 21

2. Shareholders equity: share capital and reserves 23

3. Fair value measurement 67

4. Revenue 99

5. Provisions, contingent liabilities and contingent assets 139

6. Income taxes 169

7. Financial instruments 215

8. Share–based payment 263

9. Inventories 287

10. Employee benefits 319

11. Property, plant and equipment 355

12. Leases 411

13. Intangible assets 461

14. Business combinations 503

15. Impairment of assets 565

16. Accounting for mineral resources 613

17. Agriculture 633

Part 3. Disclosure 661

18. Financial statement presentation 663

19. Statement of cash flows 707

20. Earnings per share 751

21. Operating segments 767

22. Related party disclosures 799

Part 4. Economic entities 811

23. Consolidation: controlled entities 813

24. Consolidation: wholly owned subsidiaries 833

25. Consolidation: intragroup transactions 889

26. Consolidation: non–controlling interest 941

27. Consolidation: other issues 1003

28. Translation of the financial statements of foreign entities 1069

29. Associates and joint ventures 1111

30. Joint arrangements 1153
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Ruth Picker
Ken Leo
Janice Loftus
Victoria Wise
Kerry Clark
Keith Alfredson
Note: Product cover images may vary from those shown