An executive guide to IFRS : content, costs and benefits to business /: content, costs and benefits to business. (2011)

• Record Type: Book
• Further Information: Note: Peter Walton.
• Other Names: Walton, Peter J
• Contents: 1. Worldwide convergence on IFRS -- Convergence -- Large company advantages -- Why governments support IFRS -- The use of IAS/IFRS in the world -- Problems with convergence -- Modified convergence -- Small and medium-sized business -- Conclusion -- 2. Content of financial statements. IAS 1 presentation of financial statements -- Statement of Comprehensive Income -- Statement of Financial Position -- Statement of Cash Flows -- Statement of Changes in Equity -- Accounting policies and changes -- Fair presentation -- Conventions -- Interim financial statements -- Conclusion -- 3. Investments in other companies. Consolidation -- Translation of foreign subsidiaries -- Business combinations -- Investments in asociates -- Joint ventures -- Assets held for disposal -- Equity investments -- Conclusion -- 4. Revenue recognition -- Agriculture -- Government grants -- Pensions -- Stock options -- Inventories -- Income taxes -- Interest expense -- Foreign exchange differences -- Accounting in hyperinflationary economies -- Conclusion -- 5. Balance sheet items. Property, plant and equipment -- Investment property -- Leased assets -- Intangible assets -- Mineral rights -- Impairment -- Assets held for sale -- Financial instruments -- Disclosures about financial instuments -- Defining equity -- Liabilities -- Contingent liabilities -- Conclusion -- 6. Other significant standards. First time adoption -- Related party transactions -- Segment reporting -- Concessions -- Events after balance sheet date -- Insurance -- Conclusion -- 7. The IFRS for SMEs. Development of the standard -- Content -- Conclusion -- 8. Comparison with US GAAP. Conceptual framework -- Consolidation -- Financial instruments -- Offsetting -- Non-financial assets -- Impairment -- Miscellaneous -- Conclusion -- 9. The IASB's standard-setting process. Due process -- Discussion paper -- Exposure draft -- New standard -- Interpretations -- Structure -- Finance -- Lobbying the IASB -- Monitoring the IASB -- Conclusion -- 10. History of the IASB. The start-up phase -- Steady progress -- The enhancement phase -- Transition -- Global convergence -- Relations with the US -- Relations with Europe -- The financial crisis -- Conclusion -- 11. Observer notes. Standard-setters are people -- What sort of people? -- What do they think? -- Fair value controversies -- Executory contracts -- True and fair view -- Anti-abuse measures -- Conclusions.
• Publisher Details: Chichester, U.K : Wiley
• Publication Date: 2011
• Extent: 1 online resource
• Subjects: 657/.30218; Financial statements -- Standards; International business enterprises -- Accounting -- Standards; BUSINESS & ECONOMICS -- Accounting -- Standards (GAAP, IFRS, etc.); Financial statements -- Standards; International business enterprises -- Accounting -- Standards; Electronic books
• Languages: English
• ISBNs: 9780470664902; 0470664908; 9781119973850; 1119973856; 9781119973867; 1119973864; 9781119974475
• Related ISBNs: 111997447X
• Notes: Note: Includes bibliographical references and index.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.