Includes index.

Preface vii About the Authors ix 1 Introduction to International Financial Reporting Standards 1 2 Conceptual Framework 29 3 Presentation of Financial Statements 37 4 Statement of Financial Position 57 5 Statements of Profit or Loss and Other Comprehensive Income, and Changes in Equity 71 6 Statement of Cash Flows 91 7 Accounting Policies, Changes in Accounting Estimates, and Errors 107 8 Inventory 127 9 Property, Plant and Equipment 147 10 Borrowing Costs 183 11 Intangible Assets 191 12 Investment Property 221 13 Impairment and Noncurrent Assets Held for Sale 233 14 Consolidations, Joint Arrangements, Associates, and Separate Financial Statements 253 15 Business Combinations 307 16 Shareholders' Equity 359 17 Share-Based Payment 385 18 Current Liabilities, Provisions, Contingencies, and Events After the Reporting Period 421 19 Employee Benefits 453 20 Revenue Recognition, Including Construction Contracts 475 21 Government Grants 511 22 Leases 523 23 Foreign Currency 577 24 Financial Instruments 609 25 Fair Value 711 26 Income Taxes 731 27 Earnings Per Share 769 28 Operating Segments 787 29 Related-Party Disclosures 805 30 Accounting and Reporting by Retirement Benefit Plans 819 31 Agriculture 827 32 Extractive Industries 841 33 Accounting for Insurance Contracts 851 34 Interim Financial Reporting 863 35 Inflation and Hyperinflation 885 36 First-Time Adoption of International Financial Reporting Standards 907 Appendix A: Disclosure Checklist 939 Index 1033

Suitable for understanding International Financial Reporting Standards, this book provides the necessary tools for understanding the IASB standards and offers practical guidance and expertise on how to use and implement them.

College of Business and Accountancy Bachelor of Science in Accountancy

Text in English