Description
Book SynopsisThe International Financial Reporting Standards are quite different from other sets of accounting standards, and are fundamentally different from US-GAAP, in that they are based on principles, and not on detailed rules.
Financial Reporting under IFRS:A topic-based approach offers a global perspective on IFRS by presenting the prescribed rationale and principles and illustrating them through numerous examples from large international companies. It aims to develop the fundamental skills necessary to read and use the information contained in all types of financial statements, through examples, activities, questions and answers.
The book is broadly divided into three sections. Section one examines the structure of the Balance Sheet and the Income Statement, their links and the accounting mechanisms used to prepare them. Section two deals with the identification, evaluation and reporting of Balance Sheet items. Section three covers the use of financial statements to analyze a fir
Table of Contents
Foreword vii
Introduction ix
Acknowledgements xiii
1 Financial Statements and Accounting Mechanisms 1
2 Income from Ordinary Activities 37
3 Current Assets 65
4 Non-financial Liabilities 97
5 Non-current Assets125
6 Financing 163
7 Taxation 189
8 Group Accounts 215
9 Financial Analysis and Communication 261
10 The IASB and Development of the IFRS 313
Index 327
