IFRSs, the standards set by the International Accounting Standards Board (IASB), are complex and sometimes obscure. Understanding their implications and applying them appropriately requires something special; and that is why International GAAPAr 2015 is the essential tool for anyone applying, auditing, interpreting, regulating, studying and teaching international financial reporting. It provides expert interpretation and practical guidance for busy professionals, and includes, in every chapter, detailed analysis of how complex financial reporting problems can be resolved appropriately and effectively. The International Financial Reporting Group of Ernst a Young includes financial reporting specialists from throughout the world. Complex technical accounting issues are explained clearly in a practical working context that enables immediate understanding of the point at issue. International GAAPAr 2015 is the only globally focused work on IFRSs. It is not constrained by any individual countryas legislation or financial reporting regulations, and it ensures an international consistency of approach unavailable elsewhere. It shows how difficult practical issues should be approached in the complex, global world of international financial reporting, where IFRSs have become the accepted financial reporting system in more than 100 countries. This integrated approach provides a unique level of authoritative material for anyone involved in preparing, interpreting or auditing company accounts, for regulators, academic researchers and for all students of accountancy. All aspects of the detailed requirements of IFRS are dealt with on a topic-by-topic basis. Each chapter of International GAAPAr 2015 deals with a key area of IFRS and has a common structure for ease of use: ac An introduction to the background issues ac An explanation of relevant principles ac A clear exposition of the requirements of IFRS ac A discussion of the implications in practice and possible alternative solutions available ac Worked examples ac Extracts from real company accounts ac A full listing of the required disclosures... yet another treatment of variable payments so the Board recommended that the Committee wait for the comment letter ... ExampleEp17.3:Ep ContingentEpconsiderationEprelatingEptoEpaEpfootballEpplayera#39;sEpregistrationEp Entity A is a football club which signs anew player on a 4 year contract. In securing the registration of the new player, Entity A agreesto make the following payments to the playera#39;s formeranbsp;...
|Title||:||International GAAP 2015|
|Author||:||Ernst & Young|
|Publisher||:||John Wiley & Sons - 2015-02-11|