IFRS Practical Implementation Guide and Workbook, 2nd Edition

Buy the original books to support the authors!	Book Title	:	IFRS Practical Implementation Guide and Workbook
	Edition	:	2nd
	Author(s)	:	Abbas Ali Mirza, Magnus Orrell, Graham J. Holt
	Page	:	493 Pages
	Year Published	:	2008
	Publisher	:	JOHN WILEY & SONS, INC..
	ISBN	:	978-0470-17022-9
	File Size	:	2.19 MB

Book Description:
      This is indeed an exciting time to prepare an updated and expanded edition of this book. Since the issuance of the first edition, International Financial Reporting Standards (IFRS) have continued to extend its reach as the recognized set of accounting standards in an increasing number of jurisdictions around the globe. This trend is set to continue. More countries have announced their intention to adopt IFRS in the next few years. Furthermore, the November 15, 2007 announcement by the US Securities and Exchange Commission (SEC) to allow foreign private issuers to enter the US capital market using IFRS-compliant financial statements (without reconciling to US GAAP) came as a surprise to many in international financial circles and was considered a historic move on the part of the US SEC; this favorable nod by the US SEC to the IASB standards may undoubtedly result in even greater momentum for further acceptance of IFRS globally. With such extraordinary achievements to its credit the IASB feels confident that more and more global players will sooner or later convert to IFRS. In fact, major economic players such as Canada and India have already announced their plans to go the “IFRS route” by 2011. Commenting on how many more countries are expected to adopt IFRS by 2011, Sir David Tweedie, chairman of the IASB, remarked, “we reckon by about 2011 there’ll be 150—all the major economies” (Accountancy, January 2008).
      Compared with the first edition, we have expanded the book by including extracts from published financial statements illustrating the application of IFRS. This will help readers better understand how the principles may be applied in practice. Additionally, we have updated the book to incorporate brief explanations of new and revised pronouncements, in particular IFRS 8, Operating Segments, and the revised IFRS 2, IFRS 3, IAS 1, IAS 23, IAS 27, and IAS 32 as well as IFRICs 10 to 14.
Compared with the first edition, we have expanded the book by including extracts from published financial statements illustrating the application of IFRS. This will help readers better understand how the principles may be applied in practice. Additionally, we have updated the book to incorporate brief explanations of new and revised pronouncements, in particular IFRS 8, Operating Segments, and the revised IFRS 2, IFRS 3, IAS 1, IAS 23, IAS 27, and IAS 32 as well as IFRICs 10 to 14.

Table of Contents:
Chapter 1	Introduction to International Financial Reporting Standards.
Chapter 2	IASB Framework.
Chapter 3	Presentation of Financial Statements (IAS 1).
Chapter 4	Inventories (IAS 2).
Chapter 5	Cash Flow Statements (IAS 7).
Chapter 6	Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8).
Chapter 7	Events After the Balance Sheet Date (IAS 10).
Chapter 8	Construction Contracts (IAS 11).
Chapter 9	Income Taxes (IAS 12).
Chapter 10	Segment Reporting (IAS 14) Appendix: Operating Segments (IFRS 8).
Chapter 11	Property, Plant, and Equipment (IAS 16).
Chapter 12	Leases (IAS 17).
Chapter 13	Revenue (IAS 18).
Chapter 14	Employee Benefits (IAS 19).
Chapter 15	Accounting for Government Grants and Disclosure of Government Assistance (IAS 20).
Chapter 16	The Effects of Changes in Foreign Exchange Rates (IAS 21).
Chapter 17	Borrowing Costs (IAS 23).
Chapter 18	Related-Party Disclosures (IAS 24).
Chapter 19	Accounting and Reporting by Retirement Benefit Plans (IAS 26).
Chapter 20	Consolidated and Separate Financial Statements ( IAS 27).
Chapter 21	Investments in Associates (IAS 28).
Chapter 22	Financial Reporting in Hyperinflationary Economies (IAS 29).
Chapter 23	Interests in Joint Ventures (IAS 31).
Chapter 24	Financial Instruments: Presentation (IAS 32).
Chapter 25	Financial Instruments: Recognition and Measurement (IAS 39).
Chapter 26	Earnings Per Share (IAS 33).
Chapter 27	Interim Financial Reporting (IAS 34).
Chapter 28	Impairment of Assets (IAS 36).
Chapter 29	Provisions, Contingent Liabilities, and Contingent Assets (IAS 37).
Chapter 30	Intangible Assets (IAS 38).
Chapter 31	Investment Property (IAS 40).
Chapter 32	Agriculture (IAS 41).
Chapter 33	First-Time Adoption of International Financial Reporting Standards (IFRS 1).
Chapter 34	Share-Based Payments (IFRS 2).
Chapter 35	Business Combinations (IFRS 3).
Chapter 36	Insurance Contracts (IFRS 4).
Chapter 37	Noncurrent Assets Held for Sale and Discontinued Operations (IFRS 5).
Chapter 38	Exploration for and Evaluation of Mineral Resources (IFRS 6).
Chapter 39	Financial Instruments: Disclosures (IFRS 7).
Index