The 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 firmas performance and its risks. Throughout the book special topics are covered, including Derivatives and Hedge accounting (IAS 39), Business Combination (IFRS 3) and Operating Segments (IFRS 8). Financial Reporting under IFRS is ideally suited to the needs of students of accounting and financial reporting, but all users of financial statements, from creditors and investors to suppliers, customers, employees and governments will benefit from its concise, topic-based approach.A Topic Based Approach Wolfgang Dick, Franck Missonier-Piera. c05 JWBK483- Dick August 12, 2010 16:9 Printer Name: Yet to Come Financial Reporting under IFRS 01/03/2010 Non current assets (+A) ... Estimate of Future Economic Benefits Given by the Project of a Vehicle The demonstration of criteria No. ... It implies that the automobile industry has to evaluate the whole economic advantages.
|Title||:||Financial Reporting under IFRS|
|Author||:||Wolfgang Dick, Franck Missonier-Piera|
|Publisher||:||John Wiley & Sons - 2011-02-25|