With the completion of the stable platform of International Financial Reporting Standards (IFRSs) in 2004, the International Accounting Standards Board (IASB) established itself as a world leader in the preparation of financial reporting standards. As many countries agreed to adopt these standards, many influential national standard-setters such as the United Kingdom, Australia and New Zealand acknowledged that the time had come for an international approach to standard setting. This process is ongoing. Applying International Financial Reporting Standards Enhanced Edition is written to meet…mehr
With the completion of the stable platform of International Financial Reporting Standards (IFRSs) in 2004, the International Accounting Standards Board (IASB) established itself as a world leader in the preparation of financial reporting standards. As many countries agreed to adopt these standards, many influential national standard-setters such as the United Kingdom, Australia and New Zealand acknowledged that the time had come for an international approach to standard setting. This process is ongoing. Applying International Financial Reporting Standards Enhanced Edition is written to meet the needs of accounting students and practitioners in understanding the complexities of IFRSs and applying the stable platform of standards. It concentrates on those financial reporting standards that are not related to specific industries and that therefore have wide application. This edition includes the numerous revisions and releases of exposure drafts since the introduction of IFRSs in January 2005. Features: New chapters on Revenue Recognition and Share-Based Payments Revised to reflect the Exposure Draft of Proposed Amendments to IAS 27 Consolidated and Separate Financial Statements Practical applications for all accounting standards are included The IFRSs and their scope, objectives and reporting requirements are analysed step by step Illustrative examples show the new financial reporting procedures and develop understanding of the new processes New extracts from real world companies included to enable students to apply the intention of the Standard as well illustrate how the Standard translates to the reporting environment (some new, some updated: Nokia, Wella, Energy Sector)
Keith Alfredson, BCom(Hons), AAUQ, FAICD, FCA, FCPA, is a graduate of the University of Queensland. On graduation in 1963 he joined Arthur Andersen, becoming a partner in 1974 and retiring in 1997. He specialised in the audit of large publicly listed and privately owned entities in addition to acting as an expert on technical accounting issues. He was Arthur Andersen's representative on the Australian Urgent Issues Group. In 1998, he became a Senior Fellow in the Department of Accounting and Business Information Systems of The University of Melbourne. In May 2000, he was appointed the first full-time chairman of the Australian Accounting Standards Board, a position he held until May 2003. During that period he also acted as chairman of the Urgent Issues Group.
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Part 1 Framework
Chapter 1: The IASB: history, current structure and processes
Chapter 2: The conceptual Framework of the IASB
Part 2 Elements
Chapter 3: Contributed equity: capital, reserves and accumulated profits
Chapter 4: Revenue Recognition Chapter 5: Provisions and contingencies
Chapter 6: Financial instruments
Chapter 7: Share based payments
Chapter 8: Income tax Chapter 9: Inventories
Chapter 10: Property, plant and equipment Chapter 11: Intangible assets
Chapter 12: Business combinations
Chapter 13: Impairment of assets Chapter 14: Leases
