ABSTRACT
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. This comprehensive textbook offers:
- A clear presentation of the concepts underlying IFRS
- A conceptual framework to guide students in interpreting and applying IFRS rules
- A comparison between IFRS and US GAAP to develop students’ understanding of the requirements of each standard
- Real world examples and case studies to link accounting theory to practice, while also exposing students to different interpretations and applications of IFRS
- End of chapter material covering other aspects of financial reporting, including international auditing standards, international ethics standards, and corporate governance and enforcement, as well as emerging topics, such as integrated accounting, sustainability and social responsibility accounting and new forms of financial reporting
Burton & Jermakowicz have crafted a thorough and extensive tool to give students a competitive edge in understanding, and applying IFRS. A companion website provides additional support for both students and instructors.
TABLE OF CONTENTS
part |76 pages
Conceptual Framework
chapter |22 pages
Introduction to International Financial Reporting Standards (IFRS)
chapter |24 pages
Conceptual Framework for Financial Reporting
chapter |28 pages
Fair Value Measurement (IFRS 13)
part |146 pages
Presentation
chapter |31 pages
Presentation of Financial Statements (IAS 1)
chapter |23 pages
Statement of Cash Flows
chapter |17 pages
Events after the Reporting Period (IAS 10)
chapter |15 pages
Related Party Disclosures (IAS 24)
chapter |16 pages
Earnings per Share (IAS 33)
chapter |15 pages
Operating Segments (IFRS 8)
part |358 pages
Elements
chapter |22 pages
Inventories (IAS 2)
chapter |42 pages
Financial Instruments—Recognition and Measurement (IFRS 9)
chapter |16 pages
Financial Instruments: Presentation (IAS 32)
chapter |14 pages
Financial Instruments: Disclosures (IFRS 7)
chapter |38 pages
Property, Plant and Equipment (IAS 16)
chapter |39 pages
Intangible Assets (IAS 38)
chapter |20 pages
Investment Property (IAS 40)
chapter |30 pages
Impairment of Assets (IAS 36)
chapter |19 pages
Leases (IAS 17)
chapter |16 pages
Revenue from Contracts with Customers (IFRS 15)
chapter |20 pages
Income Taxes (IAS 12)
chapter |20 pages
Employee Benefits (IAS 19)
chapter |15 pages
Share-Based Payment (IFRS 2)
chapter |14 pages
Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)
chapter |19 pages
The Effects of Changes in Foreign Exchange Rates (IAS 21)
chapter |12 pages
Financial Reporting in Hyperinflationary Economies (IAS 29)
part |133 pages
Reporting Entities
chapter |42 pages
Business Combinations (IFRS 3)
chapter |28 pages
Consolidated Financial Statements (IFRS 10)
chapter |23 pages
Investments in Associates and Joint Ventures (IAS 28)
chapter |21 pages
Joint Arrangements (IFRS 11)
chapter |10 pages
Disclosure of Interests in Other Entities (IFRS 12)
chapter |7 pages
Separate Financial Statements (IAS 27)
part |105 pages
Other Topics