Details

IFRS For Dummies

2. Aufl.

von: Steven Collings
20,99 €
Verlag:	Wiley
Format:	PDF
Veröffentl.:	06.03.2012
ISBN/EAN:	9781119966524
Sprache:	englisch
Anzahl Seiten:	416

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Beschreibungen

Titelbeschreibung

The easy way to get a grip on International Reporting Standards IFRS For Dummies is your complete introduction to IFRS and international accounting and balancing standards. Combining all the facts needed to understand this complex subject with useful examples, this easy-to-read guide will have you on top of IFRS in no time. In plain English, it helps you make sense of IFRS and your understanding of: what they are and where they apply; how to adopt IFRS for the first time; how IFRS affects the key components of your financial statements; how to disclose information in financial statements; and much more. <ul> <li>Covers what to do if you're applying IFRS for the first time</li> <li>Explains complicated material in plain English</li> <li>Helps you make sense of this principles-based set of standards that establish broad rules for financial reporting</li> </ul> If you're an accountant, student, or trainee in need of accessible information on IFRS, this hands-on, friendly guide has you covered.

Inhaltsverzeichnis

Introduction 1 Part I: Concepts and Basic Standards 7 Chapter 1: Introducing IFRS 9 Chapter 2: Getting to Grips with Some Basic IFRS 27 Chapter 3: Taking the Plunge: Adopting IFRS for the First Time 51 Part II: Looking at the Key Components of Financial Statements 69 Chapter 4: Accounting for Assets 71 Chapter 5: Looking at Assets You Don’t See Every Day 95 Chapter 6: Accounting for Liabilities 117 Chapter 7: Examining Liabilities You Don’t See Every Day 141 Chapter 8: Accounting for Revenue 161 Chapter 9: Accounting for Equity 179 Part III: Consolidating and Investing 201 Chapter 10: Getting Your Head Around the Basics of Consolidation 203 Chapter 11: Getting to Grips with More Complex Consolidation Issues 217 Chapter 12: Tackling Associates 239 Chapter 13: Juggling Joint Ventures 257 Part IV: Disclosing Information in the Financial Statements 269 Chapter 14: Reporting Related Parties 271 Chapter 15: Skilfully Segmenting Information 289 Chapter 16: Easing into Earnings per Share 303 Part V: The Part of Tens 321 Chapter 17: Ten Pitfalls to Avoid 323 Chapter 18: Ten Disclosure Requirements Under IFRS 333 Chapter 19: Ten Future Developments in IFRS 343 Part VI: Appendixes 349 Appendix A: Sources of Guidance 351 Appendix B: IFRS for SMEs 357 Appendix C: Glossary 361 Index 365

Autorenportrait

Steve Collings is Audit and Technical Director for Leavitt Walmsley Associates Ltd. Steve has written extensively for AccountingWEB.co.uk and is the author of Interpretation and Application of International Standards on Auditing, also published by Wiley. In 2011, Steve was named Accounting Technician of the Year at the British Accountancy Awards.

Back cover copy

The quickest, easiest way to get to grips with International Financial Reporting Standards If you're an accountant, student, or trainee looking for a quick fix on IFRS, this plain-English guide has you covered. IFRS For Dummies provides all the facts you need to understand the complex world of international financial reporting, along with plenty of practical, real-world examples. <ul> <li> Learn the who, what and why – get the lowdown on why the standards were created and which countries use them, as well as the advantages of IFRS </li> <li> Master IFRS financial statements – get up and running with the basics of how to prepare financial statements under IFRS, and how some of the key standards work </li> <li> Prepare statements with confidence – get to grips with some of the more complicated aspects of financial reporting, including how to prepare consolidated statements for subsidiaries and joint ventures </li> <li> Know what to disclose – find out what you should disclose in addition to the usual primary financial statements, and understand the importance of disclosure notes </li> <li> Avoid reporting mistakes – be aware of common pitfalls when preparing financial statements under IFRS and IAS and know how to avoid them </li> <li> Fix reporting problems – take in expert advice and guidance on how to resolve an array of complex financial reporting problems </li> </ul> Open the book and find: <ul> <li> A breakdown of IFRS and where they apply </li> <li> The key standards – in a nutshell </li> <li> Advice on adopting IFRS for the first time </li> <li> How IFRS affects the key components of your financial statements </li> <li> The lowdown on disclosing information in financial statements </li> <li> Ways of preparing financial statements under IFRS </li> <li> Tips for avoiding common pitfalls </li> <li> Methods for resolving difficult reporting problems </li> </ul> Learn to: <ul> <li> Find your way around the key standards </li> <li> Understand where IFRS apply </li> <li> Prepare for adopting IFRS for the first time </li> <li> Produce IFRS-friendly financial statements </li> </ul>