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About this book
Wiley IFRS 2016 is your one-stop resource for understanding and implementing the current International Financial Reporting Standards as dictated by the International Accounting Standards Board (IASB). Fully updated to cover the latest standards and IFRIC interpretations, this book provides clear and concise explanation alongside practical implementation guidance. The information is organized by topic for ease of navigation, making it ideal for both quick reference and in-depth study, with general statement guidance followed by topic-specific discussion. The Disclosure Checklist helps you ensure full compliance at a glance, and advice for first-time adopters helps smooth the initial implementation process.
The goal of the International Accounting Standards Board is to achieve global convergence of accounting standards, which will lead to uniformity in financial reporting around the world. Annual updates to the IFRS are a part of these efforts, so staying up to date is an essential part of compliance. This informative guide is your ideal reference, with the latest 2016 updates and practical advice.
- Understand the framework that unifies the IFRS
- Interpret and apply the standards correctly
- Verify compliance and completeness
- Get expert guidance on implementing the new and updated standard
More and more countries around the globe are either adopting IFRS as their national standards, or adapting existing local standards to more closely align with those set by the IASB. Uniform reporting reduces the cost of financial statement preparation for multinational companies, and facilitates the jobs of investment analysts, investors, and others in assessing business results. Wiley IFRS 2016 gives you the explanation, interpretation, and practical guidance you need to ensure full compliance.
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Information
Table of contents
- Cover
- Become a Subscriber!
- Title Page
- Copyright
- About the Authors
- Chapter 1: Introduction to International Financial Reporting Standards
- Chapter 2: Conceptual Framework
- Chapter 3: Presentation of Financial Statements
- Chapter 4: Statement of Financial Position
- Chapter 5: Statements of Profit or Loss and Other Comprehensive Income, and Changes in Equity
- Chapter 6: Statement of Cash Flows
- Chapter 7: Accounting Policies, Changes in Accounting Estimates, and Errors
- Chapter 8: Inventories
- Chapter 9: Property, Plant and Equipment
- Chapter 10: Borrowing Costs
- Chapter 11: Intangible Assets
- Chapter 12: Investment Property
- Chapter 13: Impairment of Assets and Non-Current Assets Held for Sale
- Chapter 14: Consolidations, Joint Arrangements, Associates and Separate Financial Statements
- Chapter 15: Business Combinations
- Chapter 16: Shareholders' Equity
- Chapter 17: Share-Based Payment
- Chapter 18: Current Liabilities, Provisions, Contingencies and Events after the Reporting Period
- Chapter 19: Employee Benefits
- Chapter 20: Revenue Recognition, Including Construction Contracts
- Chapter 21: Government Grants
- Chapter 22: Leases
- Chapter 23: Foreign Currency
- Chapter 24: Financial Instruments
- Chapter 25: Fair Value
- Chapter 26: Income Taxes
- Chapter 27: Earnings Per Share
- Chapter 28: Operating Segments
- Chapter 29: Related-Party Disclosures
- Chapter 30: Accounting and Reporting by Retirement Benefit Plans
- Chapter 31: Agriculture
- Chapter 32: Extractive Industries
- Chapter 33: Accounting for Insurance Contracts
- Chapter 34: Interim Financial Reporting
- Chapter 35: Hyperinflation
- Chapter 36: First-Time Adoption of International Financial Reporting Standards
- Index
- End User License Agreement