Steven Collings: Ifrs for Dummies, Kartoniert / Broschiert

Beschreibung

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.
Covers what to do if you're applying IFRS for the first time
Explains complicated material in plain English
Helps you make sense of this principles-based set of standards that establish broad rules for financial reporting
If you're an accountant, student, or trainee in need of accessible information on IFRS, this hands-on, friendly guide has you covered. 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.
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
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
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
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
Avoid reporting mistakes - be aware of common pitfalls when preparing financial statements under IFRS and IAS and know how to avoid them
Fix reporting problems - take in expert advice and guidance on how to resolve an array of complex financial reporting problems
Open the book and find:
A breakdown of IFRS and where they apply
The key standards - in a nutshell
Advice on adopting IFRS for the first time
How IFRS affects the key components of your financial statements
The lowdown on disclosing information in financial statements
Ways of preparing financial statements under IFRS
Tips for avoiding common pitfalls
Methods for resolving difficult reporting problems
Learn to:
Find your way around the key standards
Understand where IFRS apply
Prepare for adopting IFRS for the first time
Produce IFRS-friendly financial statements

Inhaltsangabe

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

Klappentext

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.
* Covers what to do if you're applying IFRS for the first time
* Explains complicated material in plain English
* Helps you make sense of this principles-based set of standards that establish broad rules for financial reporting

If you're an accountant, student, or trainee in need of accessible information on IFRS, this hands-on, friendly guide has you covered.