Uniform accounting is vital to understanding business results. Wiley IFRS 2006 provides a comprehensive approach to understanding the International Financial Reporting Standards, as well as the tools and expertise for using and implementing them. The book includes excerpts from published financial statements of companies reporting under IFRS to illustrate practical applications of the standards and provide comprehensive examples of footnote disclosures, appendices incorporating illustrative financial statements presented under IFRS, an IFRS checklist, and a table comparing the salient…mehr
Uniform accounting is vital to understanding business results. Wiley IFRS 2006 provides a comprehensive approach to understanding the International Financial Reporting Standards, as well as the tools and expertise for using and implementing them. The book includes excerpts from published financial statements of companies reporting under IFRS to illustrate practical applications of the standards and provide comprehensive examples of footnote disclosures, appendices incorporating illustrative financial statements presented under IFRS, an IFRS checklist, and a table comparing the salient provisions of IFRS to U.S. GAAP requirements.
The one-stop resource for IFRS Uniform accounting is vital to understanding business results. Wiley IFRS 2006 provides a comprehensive approach to understanding the International Financial Reporting Standards, as well as the tools and expertise for using and implementing them. The book includes excerpts from published financial statements of companies reporting under IFRS to illustrate practical applications of the standards and provide comprehensive examples of footnote disclosures, appendices incorporating illustrative financial statements presented under IFRS, an IFRS checklist, and a table comparing the salient provisions of IFRS to U.S. GAAP requirements. Barry J. Epstein, PhD, CPA (Chicago, IL), is a Partner at Russell Novak & Company, LLP, based in Chicago, Illinois. Abbas Ali Mirza, CPA, ACA, AICWA (Dubai, United Arab Emirates), is a partner with Deloitte & Touche, based in the United Arab Emirates
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Autorenporträt
Barry J. Epstein, PhD, CPA, a partner in the firm Russell Novak Company, has almost forty years' experience in the public accounting profession, as auditor, technical director/partner for several national and local firms, and as a consulting and testifying accounting and auditing expert on over seventy litigation matters to date. His current practice is concentrated on providing technical consultations to CPA firms and corporations on US GAAP and IFRS accounting and financial reporting matters; on US and international auditing standards; matters involving financial analysis; forensic accounting investigations; and on corporate governance matters. He regularly serves as an expert on litigation matters, including assignments for both the private sector and governmental agencies. Dr. Epstein is a widely published authority on accounting and auditing. His current publications include Wiley GAAP, now in its 2nd edition, for which he is the lead coauthor. He has also appeared on over a dozen national radio and television programs discussing the crisis in corporate financial reporting and corporate governance, and has presented over a hundred educational programs to professional and corporate groups in the US and internationally. He previously chaired the Audit Committee of the AICPA's Board of Examiners, responsible for the Uniform CPA Examination, and has served on other professional panels at state and national levels. Dr Epstein holds degrees from DePaul University (Chicago--BSC, accounting and finance, 1967) University of Chicago (MBA, economics and industrial relations, 1969), and University of Pittsburgh (PhD, information systems and finance, 1979). Dr. Epstein wishes to acknowledge the contributions of coauthor Abbas Ali Mirza, particularly in the original conception of this book in 1996.
Abbas Ali Mirza, CPA, ACA, AICWA, has brought his expertise in auditing, finance, and taxation to a variety of positions with major international firms in the US, India, and the Middle East. He is currently a partner with Deloitte Touche, based in the United Arab Emirates, where he is responsible for audit clients and is a member of the firm's regional Assurance and Advisory Committee, responsible for technical and learning support throughout the region. He is a frequent speaker and workshop leader at global conferences on international financial reporting, has coauthored regular newspaper columns and written features for the media in the Middle East and India, and has been widely quoted as a commentator on business issues. Mr. Mirza is also a member of the Accounting Standards Committee of the Securities Exchange Board of India, and is involved in professional and regulatory affairs in India and Dubai, UAE. He has spoken at several United Nations conferences on financial reporting and corporate governance matters, and is associated with a number of other professional initiatives germane to worldwide adoption of IFRS.
Inhaltsangabe
1. Introduction to International Financial Reporting Standards.
Appendix A: Current International Accounting Standards (IAS/IFRS) and Interpretations (SIC/IFRIC).
Appendix B: Case Study Illustrating Possible Supplemental Treatments under the IOSCO's Recommendations.
Appendix C: US GAAP Reconciliation and Restatement.
2. Balance Sheet.
3. Income Statement, Statement of Changes in Equity, and Statement of Recognized Gains and Losses.
4. Cash Flow Statement.
5. Financial Instruments--Cash and Receivables.
6. Inventory.
7. Revenue Recognition, Including Construction Contracts.
Appendix: Accounting under Special Situations--Guidance from US GAAP.
8. Property, Plant, and Equipment.
9. Intangible Assets.
10. Interests in Financial Instruments, Associates, Joint Ventures, and Investment Property.
Appendix: Schematic Summarizing Treatment of Investment Property.
11. Business Combinations and Consolidated Financial Statements.
12. Current Liabilities, Provisions, Contingencies, and Events After the Balance Sheet Date.
13. Financial Instruments--Long-Term Debt.
14. Leases.
Appendix A: Special Situations Not Yet Addressed by IAS 17.
Appendix B: Leveraged Leases under US GAAP.
15. Income Taxes.
Appendix: Accounting for Income Taxes in Interim Periods.
16. Employee Benefits.
17. Stockholders' Equity.
Appendix A: Illustration of Financial Statement Presentation.
Appendix B: Additional Guidance under US GAAP.
18. Earnings Per Share.
19. Interim Financial Reporting.
20. Segment Reporting.
21. Changes in Accounting Policies and Estimates, and Correction of Errors.
22. Foreign Currency.
23. Related-Party Disclosures.
24. Specialized Industries.
25. Inflation and Hyperinflation.
Appendix: Monetary vs. Nonmonetary Items.
26. Government Grants.
27. First-Time Adoption of International Financial Reporting Standards.
Appendix A: Disclosure Checklist.
Appendix B: Illustrative Financial Statements Presented under IFRS.
