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Wiley Interpretation and Application of International Financial Reporting Standards 2011 (11 - Old Edition)

by

Wiley Interpretation and Application of International Financial Reporting Standards 2011 (11 - Old Edition) Cover

 

Synopses & Reviews

Please note that used books may not include additional media (study guides, CDs, DVDs, solutions manuals, etc.) as described in the publisher comments.

Publisher Comments:

International Financial Reporting Standards (IFRS®) have received increased attention since such signal events as endorsements by the International Organization of Securities Commissions (IOSCO) in 2000, by the European Union (2002, mandating universal adoption by publicly held companies in 2005), and by the SEC (waiving reconciliation requirements for foreign private issuers using IFRS® beginning in 2007, and establishing a "road map" for adoption by U.S. public companies by 2016).

With further refinements to IFRS® continuing to be made by the International Accounting Standards Board (IASB)—aided by work being performed pursuant to the "convergence" commitment made by the U.S. standard-setter, FASB—and given the now virtually unstoppable momentum worldwide to adopt (or, in some cases, adapt) IFRS®, mastery of this knowledge is becoming a necessity for all preparers of financial statements. Although only publicly held U.S. companies are facing an impending near-term mandate to convert to IFRS®, many private companies already are encountering requests or demands from their major customers, suppliers, joint venture partners, and affiliates to provide financial reports prepared under IFRS®. In all likelihood, replacement of U.S. GAAP by IFRS® will become a reality for even privately held enterprises within the foreseeable term.

Experience from EU-based companies that implemented IFRS® financial reporting by 2005 suggests that such an undertaking may require a multi-year effort. Wiley IFRS® 2011 provides a complete explanation of all IFRS® requirements, coupled with copious illustrations of how to apply the rules in complex, real-world fact situations, and can be used both in training accounting staff and serving as a reference guide during actual implementation of IFRS® and preparation of IFRS®-based financial statements. Wiley IFRS® 2011 is equally valuable for preparers, auditors, and users of financial reports.

To optimize the reader's understanding, both examples created to explain particular IFRS® requirements and selections from actual published financial statements are provided throughout the book, illustrating all key concepts. Also included in this edition are a revised, comprehensive disclosure checklist; an updated, detailed comparison between U.S. GAAP and IFRS® , keyed to chapter topics; and integrated discussions of major ongoing IASB projects that may have significant impact on readers' responsibilities over the coming year.

Synopsis:

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.

Synopsis:

For many years, the International Accounting Standards Board (IASB) has been working to develop a set of accounting standards that can be used to bring about uniformity in financial reporting around the 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. Written by two well-known international experts on the subject with hands-on experience in applying these standards, this book is an indispensible guide to IFRS compliance for financial statement preparers and users.

About the Author

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.

Table of Contents

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.

Product Details

ISBN:
9780470554425
Author:
Epstein, Barry J.
Publisher:
Wiley
Author:
Mackenzie, Bruce
Author:
Coetsee, Danie
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Njikizana, Tapiwa
Author:
Chamboko, Raymond
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Subject:
International - Accounting
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Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
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Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
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Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
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Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
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Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
International Accoun
Subject:
ting
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Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
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Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
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Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
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Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
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Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
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Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Subject:
Barry Epstein, eva jermakowicz, ifrs, international financial reporting standards, iasb, international accounting standards board, PriceWaterhouseCoopers, Understanding IAS, Miller, Miller International Accounting Library Online, manned guarding, operatin
Copyright:
Publication Date:
20110113
Binding:
Electronic book text in proprietary or open standard format
Language:
English
Pages:
1344
Dimensions:
234.5 x 188 x 52 mm 50.72 oz

Related Subjects

Business » Accounting and Finance

Wiley Interpretation and Application of International Financial Reporting Standards 2011 (11 - Old Edition) Used Trade Paper
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$62.00 In Stock
Product details 1344 pages John Wiley & Sons - English 9780470554425 Reviews:
"Synopsis" by , 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.

"Synopsis" by , For many years, the International Accounting Standards Board (IASB) has been working to develop a set of accounting standards that can be used to bring about uniformity in financial reporting around the 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. Written by two well-known international experts on the subject with hands-on experience in applying these standards, this book is an indispensible guide to IFRS compliance for financial statement preparers and users.
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