Presenting a question–and–answer format for the most common accounting problems arising from specific IFRS topics, The Vest Pocket Guide to IFRS provides complete, easy–to–navigate coverage of all International Financial Reporting Standards (IFRSs) with concise explanations and hundreds of supporting examples.
This reliable reference tool goes anywhere you go to a client′s office, on a business trip, or to an important lunch meeting, with on–the–spot answers to questions such as:
- What are the thresholds for segment reporting?
- How do I restate financial results in a hyperinflationary economy?
- How do I recognize intangible assets?
- What is a provision, and when do I recognize it?
- How do I account for a business combination?
- How do I determine an entity′s functional currency, and how do I report transactions in that currency?
- And much more!
Packed with practical techniques and rules of thumb for understanding the day–to–day IFRS issues every accountant, controller, or CFO is sure to face, The Vest Pocket Guide to IFRS is the handy pocket problem–solver that gives you the helpful information you want right now, in the quick–reference format you need.
What This Book Will Do for You.
PART 1 THE FINANCIAL STATEMENTS.
One: Financial Statements Presentation.
Two: Consolidated and Separate Financial Statements.
Three: Operating Segments.
Four: Earnings per Share.
Five: Interim Financial Reporting.
Six: Related Party Disclosures.
Seven: Events after the Reporting Period.
Eight: Financial Reporting in Hyperinflationary Economies.
PART 2 ASSETS AND LIABILITIES.
Nine: Investment Property.
Ten: Interests in Joint Ventures.
Eleven: Investments in Associates.
Thirteen: Property, Plant, and Equipment.
Fourteen: Intangible Assets.
Fifteen: Asset Impairment.
Sixteen: Provisions and Contingencies.
PART 3 REVENUE AND EXPENSES.
Seventeen: Revenue Recognition.
Eighteen: Employee Benefits.
Nineteen: Share–Based Payments.
Twenty: Income Taxes.
PART 4 SPECIAL TRANSACTIONS.
Twenty–One: Business Combinations.
Twenty–Two: Changes in Accounting Policies, Estimates, and Errors.
Twenty–Three: Discontinued Operations and Noncurrent Assets Held for Sale.
Twenty–Four: Effects of Foreign Exchange Rate Changes.
Twenty–Five: Financial Instruments: Recognition and Measurement.
Twenty–Six: Financial Instruments: Presentation.
Twenty–Seven: Government Grants.
Twenty–Eight: Insurance Contracts.
Thirty: Mineral Resources Exploration and Evaluation.
Thirty–One: Retirement Benefit Plans.