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<p>Forewords to First Edition vii</p> <p>Preface xi</p> <p>Acknowledgements xiii</p> <p>About the Authors xv</p> <p>1 Introduction to International Financial Reporting Standards 1</p> <p>2 IASB Framework 11</p> <p>3 Presentation of Financial Statements (IAS 1) 17</p> <p>4 Inventories (IAS 2) 31</p> <p>5 Statement of Cash Flows (IAS 7) 41</p> <p>6 Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8) 59</p> <p>7 Events After the Reporting Period (IAS 10) 73</p> <p>8 Construction Contracts (IAS 11) 81</p> <p>9 Income Taxes (IAS 12) 93</p> <p>10 Property, Plant, and Equipment (IAS 16) 113</p> <p>11 Leases (IAS 17) 123</p> <p>12 Revenue (IAS 18) 139</p> <p>13 Employee Benefits (IAS 19) 155</p> <p>14 Accounting for Government Grants and Disclosure of Government Assistance (IAS 20) 171</p> <p>15 The Effects of Changes in Foreign Exchange Rates (IAS 21) 179</p> <p>16 Borrowing Costs (IAS 23) 191</p> <p>17 Related-Party Disclosures (IAS 24) 199</p> <p>18 Accounting and Reporting by Retirement Benefit Plans (IAS 26) 213</p> <p>19 Consolidated and Separate Financial Statements (IAS 27) 221</p> <p>20 Investments in Associates (IAS 28) 233</p> <p>21 Financial Reporting in Hyperinflationary Economies (IAS 29) 245</p> <p>22 Interests in Joint Ventures (IAS 31) 251</p> <p>23 Financial Instruments: Presentation (IAS 32) 263</p> <p>24 Financial Instruments: Recognition and Measurement (IAS 39) 287</p> <p>25 Earnings Per Share (IAS 33) 339</p> <p>26 Interim Financial Reporting (IAS 34) 355</p> <p>27 Impairment of Assets (IAS 36) 363</p> <p>28 Provisions, Contingent Liabilities, and Contingent Assets (IAS 37) 379</p> <p>29 Intangible Assets (IAS 38) 393</p> <p>30 Investment Property (IAS 40) 407</p> <p>31 Agriculture (IAS 41) 415</p> <p>32 First-Time Adoption of International Financial Reporting Standards (IFRS 1) 425</p> <p>33 Share-Based Payments (IFRS 2) 445</p> <p>34 Business Combinations (IFRS 3) 463</p> <p>35 Insurance Contracts (IFRS 4) 483</p> <p>36 Noncurrent Assets Held for Sale and Discontinued Operations (IFRS 5) 491</p> <p>37 Exploration for and Evaluation of Mineral Resources (IFRS 6) 503</p> <p>38 Financial Instruments: Disclosures (IFRS 7) 511</p> <p>39 Operating Segments (IFRS 8) 531</p> <p>40 Financial Instruments (IFRS 9) 537</p> <p>41 IFRS for SMEs 551</p> <p>Answers for Multiple-Choice Questions 567</p> <p>Index 571</p>

<p><b>ABBAS ALI MIRZA</b> is a Partner in Deloitte & Touche, Dubai, UAE, and a member of the firm's regional Assurance and Advisory Committee. He is Chairman of the Auditors Group of the Dubai Chamber of Commerce and Industry and was the Chairman of the Intra Governmental Working Group of Experts on International Standards on Accounting and Reporting (ISAR) at the United Nations. <p><b>GRAHAM J. HOLT</b> is an Examiner with the Association of Chartered Certified Accountants (ACCA), and Executive Head of the Division of Accounting and Finance, Manchester Metropolitan University Business School in the UK. He is an IFRS^® author and contributor to both academic publications and professional journals. <p><b>LIESEL KNORR</b> is President of the German Accounting Standards Board and former technical director with the International Accounting Standards Board (IASB) responsible for preparing the core set of standards endorsed by the International Organization of Securities and Exchange Commission. She is the author of many technical papers.

<p>— Explanations of IFRS^® and IFRIC interpretations <p>— Practical insights into implementation issues <p>— Worked-out illustrations and examples <p>— Case studies with solutions <p>— Multiple-choice questions with answers <p>— Extracts from published financial statements <p><b>A one-stop resource for understanding and applying current International Financial Reporting Standards</b> <p>As the International Accounting Standards Board (IASB) makes rapid progress towards widespread acceptance and use of IFRS^® (formerly named International Accounting Standards) worldwide, the need to understand these new standards increases. Now fully revised and updated, <i>IFRS^® Practical Implementation Guide and Workbook, Third Edition</i> is the straightforward handbook for understanding and adapting the IFRS^® standards. <p>This quick reference guide includes easy-to-understand IAS/IFRS^®outlines, explanations, and practical insights that greatly facilitate understanding of the practical implementation issues involved in applying these complex standards. <p>Clearly explaining the IASB standards so that even first-time adopters of IFRS^® will understand the complicated requirements, the <i>Third Edition</i> presents: <ul> <li>Ten recently issued and revised IFRS^® standards including business combinations, financial instruments and newly issued IFRS^® for SMEs</li> <li>New International Financial Reporting Interpretations Committee (IFRIC) projects</li> <li>Multiple-choice questions with solutions and explanations to ensure thorough understanding of the complex IFRS^®/IAS standards</li> <li>Case studies or "problems" with solutions illustrating the practical application of IFRS^®/IAS</li> <li>Excerpts from published financial statements around the world</li> </ul> <p>Designed with the needs of the user in mind, <i>IFRS</i>^®<i> Practical Implementation Guide and Workbook, Third Edition</i> is an essential desktop reference for accountants and finance professionals, as well as a thorough review guide for the IFRS^®/IAS certification exam.

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