International Financial Reporting Standards: A Framework-Based Perspective

ISBN-13: 9780415827621 / Angielski / Twarda / 2014 / 827 str.

F. Greg Burton; Eva K. Jermakowicz

Opis

International Financial Reporting Standards: A Framework-based Perspective links broad concepts and general accounting principles to the specific requirements of IFRS to help students develop and understand the judgments required in using a principle-based standard. Although it is still unclear whether the US will adopt IFRS, the global business environment makes it necessary for accounting students and professionals to be bilingual in both US GAAP and IFRS. This comprehensive textbook offers:

• A clear presentation of the concepts underlying IFRS
• A conceptual framework to guide students in interpreting and applying IFRS rules
• A comparison between IFRS and US GAAP to develop students' understanding of the requirements of each standard
• Real world examples and case studies to link accounting theory to practice, while also exposing students to different interpretations and applications of IFRS
• End of chapter material covering other aspects of financial reporting, including international auditing standards, international ethics standards, and corporate governance and enforcement, as well as emerging topics, such as integrated accounting, sustainability and social responsibility accounting and new forms of financial reporting

Burton & Jermakowicz have crafted a thorough and extensive tool to give students a competitive edge in understanding, and applying IFRS. A companion website provides additional support for both students and instructors.

Spis treści

Part I: Conceptual Framework  1. Introduction to International Financial Reporting Standards (IFRS)  2. Conceptual Framework for Financial Reporting  3. Fair Value Measurement  Part II: Presentation  4. Presentation of Financial Statements  5. Statement of Cash Flows  6. Accounting Policies, Estimates, and Errors  7. Events After the Reporting Period  8. Related Party Disclosures  9. Earnings per Share  10. Operating Segments  Part III: Elements  11. Inventories  12. Financial Instruments – Recognition and Measurement  13. Financial Instruments – Presentation  14. Financial Instruments – Disclosures  15. Property, Plant, and Equipment  16. Intangible Assets  17. Investment Property  18. Impairment of Assets  19. Leases  20. Revenue  21. Income Taxes  22. Employee Benefits  23. Share-based Payments  24. Provisions, Contingent Liabilities, and Contingent Assets  25. The Effects of Changes in Foreign Exchange Rates  26. Hyperinflation  Part IV: Reporting Entities  27. Business Combinations  28. Consolidated Financial Statements  29. Investments in Associates and Joint Ventures  30. Joint Arrangements  31. Disclosure of Interests in Other Entities  32. Separate Financial Statements  Part V: Other Topics  33. Interim Financial Reporting  34. Non-current Assets Held for Sale and Discontinued Operations  35. Construction Contracts  36. Borrowing Costs  37. Accounting and Reporting by Retirement Benefit Plans  38. Accounting for Government Grants and Disclosure of Government Assistance  39. Insurance Contracts  40. Exploration for and Evaluation of Mineral Resources  41. Agriculture  42. First-time Adoption of International Financial Reporting Standards