A one-stop resource for understanding current International
Financial Reporting Standards
As the International Accounting Standards Board (IASB) makes
significant strides in achieving global convergence of accounting
standards worldwide, the International Financial Reporting
Standards (IFRS) become extremely important to the accounting
world. Wiley IFRS 2011 provides the necessary tools for
understanding the IASB standards and offers practical guidance and
expertise on how to use and implement them.
* Covers the most recent International Financial Reporting
Standards (IFRS) and IFRIC interpretations
* An indispensable guide to IFRS compliance
* Provides a complete explanation of all IFRS requirements,
coupled with copious illustrations of how to apply the rules in
complex, real-world situations
Written by two well-known international experts on the subject
with hands-on experience in applying these standards, this book is
an indispensable guide to IFRS compliance.
Autorentext
BRUCE MACKENZIE, CA (SA) FCCA, RA, JSE Registered IFRS®
Advisor, is a member of the IASB SME Implementation Group (SMEIG)
and a director of W.consulting (www.wconsulting.co.za), a global
IFRS® consulting and training company. He has held positions
at Deloitte both in South Africa and the United Kingdom in the
IFRS® Centers of Excellence.
DANIE COETSEE, CA (SA), is Professor of Accounting at the
University of Johannesburg, specializing in financial
accounting.
TAPIWA NJIKIZANA, CA (SA), RA, JSE Registered IFRS®
Advisor, is a technical director at W.consulting. After qualifying
with Coopers & Lybrand, he spent time internationally with
Ernst & Young and Andersen.
RAYMOND CHAMBOKO, CA (SA), JSE Registered IFRS® Advisor, is
a technical director at W.consulting. He was previously with Ernst
& Young and SizweNtsalubaVSP, where he handled accounting
technical issues.
BLAISE COLYVAS, CA(SA), RA, is a technical director at
W.consulting. He was previously the head of technical accounting at
Protect-a-Partner, and an audit manager with Grant Thornton.
Zusammenfassung
A one-stop resource for understanding current International Financial Reporting Standards
As the International Accounting Standards Board (IASB) makes significant strides in achieving global convergence of accounting standards worldwide, the International Financial Reporting Standards (IFRS) become extremely important to the accounting world. Wiley IFRS 2011 provides the necessary tools for understanding the IASB standards and offers practical guidance and expertise on how to use and implement them.
- Covers the most recent International Financial Reporting Standards (IFRS) and IFRIC interpretations
- An indispensable guide to IFRS compliance
- Provides a complete explanation of all IFRS requirements, coupled with copious illustrations of how to apply the rules in complex, real-world situations
Written by two well-known international experts on the subject with hands-on experience in applying these standards, this book is an indispensable guide to IFRS compliance.
Inhalt
Preface.
About the Authors.
1 Introduction to International Financial Reporting
Standards.
Appendix A: Current International Financial Reporting Standards
(IAS/IFRS®) and Interpretations (SIC/IFRIC).
Appendix B: IFRS for SMEs.
Appendix C: Case Study Transitioning from US GAAP to IFRS.
2 Presentation of Financial Statements.
3 Statement of Financial Position.
4 Statements of Income, Comprehensive Income, and Changes in
Equity.
5 Statement of Cash Flows.
6 Fair Value.
7 Financial Instruments.
8 Inventory.
Appendix: Net Realizable Value under US GAAP.
9 Revenue Recognition, Including Construction Contracts.
Appendix: Accounting under Special Situations--Guidance
from US GAAP.
10 Property, Plant, and Equipment.
11 Intangible Assets.
12 Interests in Associates, Joint Ventures, and Investment
Property.
13 Business Combinations and Consolidated Financial
Statements.
14 Current Liabilities, Provisions, Contingencies, and Events
After the Reporting Period.
15 Financial Instruments--Noncurrent Liabilities.
16 Leases.
Appendix A: Special Situations Not Addressed by IAS 17.
Appendix B: Leveraged Leases under US GAAP.
17 Income Taxes.
18 Employee Benefits.
19 Shareholders' Equity.
20 Earnings Per Share.
21 Interim Financial Reporting.
22 Operating Segments.
23 Accounting Policies, Changes in Accounting Estimates, and
Errors.
24 Foreign Currency.
25 Related-Party Disclosures.
26 Specialized Industry Accounting.
27 Inflation and Hyperinflation.
Appendix: Monetary vs. Nonmonetary Items.
28 Government Grants.
29 First-Time Adoption of International Financial Reporting
Standards.
Appendix A: Disclosure Checklist.
Appendix B: Comparison of IFRS and US GAAP.
Index.