Applying IFRS Standards, 4th Edition

ISBN: 9781119250777

Applying IFRS Standards 4th Edition provides students with a truly global set of standards for financial reporting. This resource will help you gain all the practical technical skills, while providing you with all the knowledge necessary for financial reporting and preparing in a global context. With this resource you will complete your course with a complete understanding of the complexities of IFRS Standards preparing you for your future career in finance.

 

Written by Ruth Picker, a leader in her field with over 30 years’ experience, alongside an all-star author team you will be sure you’re getting the best and most comprehensive resource in the market. The 4th Edition has a strong focus on the interpretation, analysis and illustration of the financial reporting requirements under the IFRSs. In every chapter you will find many case studies with examples that present and explain concepts in a clear and meaningful way.

Features

  • Each chapter contains numerous illustrative examples that present and explain concepts to ensure that users gain a deep understanding of the reporting requirements and meet the knowledge expectations of the accounting profession
  • Brings together the expert knowledge and authoritative explanations of the author team
  • Provides insightful and informed analysis of financial reporting procedures
Ruth Picker has 29 years of experience with Ernst & Young and has held various leadership roles during his time. Up until June 2009, Ruth was Managing Partner — Melbourne and the Oceania Team Leader of Climate Change and Sustainability Services. Prior to this role, Ruth was a senior partner in the Technical Consulting Group, Global IFRS and the firm’s Professional Practice Director (PPD) responsible for directing the firm’s accounting and auditing policies with the ultimate authority on accounting and auditing issues. She is a member of Ernst & Young’s Global IFRS Policy Committee, and has been a long-standing lecturer and Task Force member for the Securities Institute of Australia, serving that organisation for 17 years.

Janice Loftus, BBus, MCom (Hons), FCPA, is an associate professor in accounting at the University of Adelaide. Her teaching interests are in the area of financial accounting and accounting theory, and she has written several study guides for professional and tertiary distance-learning programs. Janice’s research interests are in the area of financial reporting. She co-authored Accounting Theory Monograph 11 on solvency and cash condition with Professor M C Miller. She has numerous publications on international financial reporting standards, risk reporting, solvency, earnings management, social and environmental reporting, and developments in standard setting in Australian and international journals. Janice co-authored several other accounting texts published by John Wiley & Sons including ‘Accounting: Building Business Skills’, ‘Understanding Australian Accounting Standards’ and ‘Applying IFRS Standards’. She is a member of the executive of the Accounting Standards Interest Group of AFAANZ. Prior to embarking on an academic career Janice held several senior accounting positions in Australian and multinational corporations.

Kerry Clark has 17 years of experience with Ernst & Young and is currently on secondment to the Ernst & Young Calgary office in Canada, assisting many of Canada’s largest oil and gas companies in their conversion to IFRS. Prior to this she was a key member of the Technical Consulting Group, Global IFRS in the Ernst & Young Melbourne office in Australia where she was responsible for advising clients on the application of IFRS to complex transactions. Kerry has been involved in the authoring of many Ernst & Young publications and Charter magazine articles and assisted Ruth Picker in conducting ‘Directors’ Schools’ for listed company boards. She has also spoken on accounting issues in many different forums.

David Kolitz

Gilad Livne

John Dunn

Leo van der Tas  

PART 1 CONCEPTUAL FRAMEWORK

1 The IASB and its Conceptual Framework

PART 2 ELEMENTS

2 Owners’ equity: share capital and reserves

3 Fair value measurement

4 Revenue from contracts with customers

5 Provisions, contingent liabilities and contingent assets

6 Income taxes

7 Financial instruments

8 Share-based payment

9 Inventories

10 Employee benefits

11 Property, plant and equipment

12 Leases

13 Intangible assets

14 Business combinations

15 Impairment of assets

PART 3 PRESENTATION AND DISCLOSURES

16 Financial statement presentation

17 Statement of cash flows

18 Operating segments

19 Other key notes disclosures

PART 4 ECONOMIC ENTITIES

20 Consolidation: controlled entities

21 Consolidation: wholly owned subsidiaries

22 Consolidation: intragroup transactions

23 Consolidation: non-controlling interest

24 Translation of the financial statements of foreign entities

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E-Text: 9781119250777

Print: 9781119159223