Details

<p>Preface vii</p> <p>About the Authors ix</p> <p>1 Researching IFRS Implementation Problems 1</p> <p>2 Cash, Receivables, and Prepaid Expenses 10</p> <p>3 Short-Term Investments and Financial Instruments 39</p> <p>4 Inventory 51</p> <p>5 Revenue Recognition 84</p> <p>6 Long-Lived Assets 137</p> <p>7 Investments 189</p> <p>8 Business Combinations and Consolidated Financial Statements 235</p> <p>9 Current Liabilities and Contingencies after the Reporting Period 257</p> <p>10 Long-Term Debt 296</p> <p>11 Leases 328</p> <p>12 Pensions and Other Postretirement Benefits 358</p> <p>13 Shareholders’ Equity 372</p> <p>14 Interim Reporting 418</p> <p>15 Segment Reporting 429</p> <p>16 Foreign Currency 436</p> <p>Index 454</p>

<p>Barry J. Epstein, PhD, CPA, a leading consulting and testifying accounting and auditing expert, is coauthor of the Wiley IFRS and Wiley GAAP annual publications. He is a partner in the Chicago firm Russell Novak & Company. He has forty years' experience in the public accounting profession as auditor, technical director/partner for several national and local firms, and regularly serves as an accounting, auditing, financial reporting, and financial analysis expert in litigation matters, including assignments for both private sector entities and governmental agencies.</p> <p>Eva K. Jermakowicz, PhD, CPA, is coauthor of Wiley IFRS and a leading consultant to international organizations and businesses. She is a frequent speaker at international venues and has taught accounting for twenty-five years. She is currently Professor of Accounting and Chair of the Accounting and Business Law Department at Tennessee State University.</p>

<p>The most practical, authoritative guide to converting IFRS rules into operational implementation practices, including related policies and procedures, controls, forms, and recordkeeping requirements.</p> <p>Get the answers you need to effectively implement IFRS rules and keep up to date on the latest IFRS requirements. Designed to complement any Wiley IFRS product, IFRS Policies and Procedures is sequenced in the same manner as Wiley IFRS and incorporates additional categories of information to assist you in properly implementing IFRS.</p> <p>Featuring handy, illustrative decision trees clarifying how to interpret multiple options under IFRS requirements, this invaluable book presents:</p> <ul> <li> <p>Authoritative advice and everyday guidance to all areas of bookkeeping, accounting, and financial statement preparation in conformity with International Financial Reporting Standards</p> </li> <li> <p>Current content on all IFRS and IFRIC pronouncements through Fall 2007</p> </li> <li> <p>The most effective methods to convert IFRS rules into an operational implementation</p> </li> <li> <p>Definitions and concepts in every chapter addressing the most common IFRS issues</p> </li> <li> <p>Coverage of all aspects of annual and interim financial reporting, including segment reporting, accounting changes and correction of errors, use of revaluations for long-lived tangible and intangible assets and investment property, revenue recognition, and specialized industry rules</p> </li> </ul> <p>With all current IAS, IFRS, SIC and IFRIC guidance addressed in depth, IFRS Policies and Procedures will assist you with timely coverage on all aspects of annual and interim fin-ancial reporting.</p>

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