International Financial Reporting Standards: A Framework-Based Perspective

Description

International Financial Reporting Standards: A Framework-based Perspective links broad concepts and general accounting principles to the specific requirements of IFRS to help students develop and understand the judgments required in using a principle-based standard. Although it is still unclear whether the US will adopt IFRS, the global business environment makes it necessary for accounting students and professionals to be bilingual in both US GAAP and IFRS. Cover Half Title Title Page Copyright Page Dedication Table of Contents Preface Part I: Conceptual Framework 1. Introduction to International Financial Reporting Standards (IFRS) 2. Conceptual Framework for Financial Reporting 3. Fair Value Measurement Part II: Presentation 4. Presentation of Financial Statements 5. Statement of Cash Flows 6. Accounting Policies, Estimates, and Errors 7. Events after the Reporting Period 8. Related Party Disclosures 9. Earnings per Share 10. Operating Segments Part III: Elements 11. Inventories 12. Financial Instruments—Recognition and Measurement 13. Financial Instruments—Presentation 14. Financial Instruments—Disclosures 15. Property, Plant, and Equipment 16. Intangible Assets 17. Investment Property 18. Impairment of Assets 19. Leases 20. Revenue from Contracts with Customers 21. Income Taxes 22. Employee Benefits 23. Share-Based Payments 24. Provisions, Contingent Liabilities, and Contingent Assets 25. The Effects of Changes in Foreign Exchange Rates 26. Hyperinflation Part IV: Reporting Entities 27. Business Combinations 28. Consolidated Financial Statements 29. Investments in Associates and Joint Ventures 30. Joint Arrangements 31. Disclosure of Interests in Other Entities 32. Separate Financial Statements Part V: Other Topics 33. Interim Financial Reporting 34. Non-Current Assets Held for Sale and Discontinued Operations 35. Regulatory Deferral Accounts 36. Borrowing Costs 37. Accounting and Reporting by Retirement Benefit Plans 38. Accounting for Government Grants and Disclosure of Government Assistance 39. Insurance Contracts 40. Exploration for and Evaluation of Mineral Resources 41. Agriculture 42. First-time Adoption of International Financial Reporting Standards Index