Frequently Asked Questions in IFRS

Business & Finance, Accounting, International
Cover of the book Frequently Asked Questions in IFRS by Steven Collings, Wiley
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Steven Collings ISBN: 9781119960676
Publisher: Wiley Publication: March 1, 2013
Imprint: Wiley Language: English
Author: Steven Collings
ISBN: 9781119960676
Publisher: Wiley
Publication: March 1, 2013
Imprint: Wiley
Language: English

A concise FAQ guide to IFRS principles and practices

Co-written by Steven Collings, winner of Accounting Technician of the Year at the British Accountancy Awards 2011, this book is a comprehensive guide to International Financial Reporting Standards (IFRS) which became mandatory in the EU in 2005, and they will almost certainly be adopted by most other developed countries in the near future. Unlike US-GAAP and other sets of standards, the IFRS are principles-based rather than rules-based, putting the onus of interpretation more on users than has previously been the case. Under IFRS users must understand the economic substance of operations, and they must be able to make assumptions, hypotheses, and estimations leading to an accounting treatment consistent with the general objectives of and principles behind IFRS financial reporting. In a handy, easy-to-navigate Q&A format, Frequently Asked Questions on IFRS provides accounting and finance professionals with the answers to some of the most commonly asked questions on the new standards. Covering the often complicated areas of accounting for financial instruments, tangible and intangible assets, provisions, and revenue recognition, the book also contains a valuable overview of the standards and the thinking behind them.

  • Includes a comprehensive section on the new IFRS for small and medium enterprises
  • Contains real-world examples from financial reports; a glossary of commonly used terms; and a 'Test Your Knowledge' section
  • Provides a simple way to get up to speed on these often confusing, principles-based standards
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

A concise FAQ guide to IFRS principles and practices

Co-written by Steven Collings, winner of Accounting Technician of the Year at the British Accountancy Awards 2011, this book is a comprehensive guide to International Financial Reporting Standards (IFRS) which became mandatory in the EU in 2005, and they will almost certainly be adopted by most other developed countries in the near future. Unlike US-GAAP and other sets of standards, the IFRS are principles-based rather than rules-based, putting the onus of interpretation more on users than has previously been the case. Under IFRS users must understand the economic substance of operations, and they must be able to make assumptions, hypotheses, and estimations leading to an accounting treatment consistent with the general objectives of and principles behind IFRS financial reporting. In a handy, easy-to-navigate Q&A format, Frequently Asked Questions on IFRS provides accounting and finance professionals with the answers to some of the most commonly asked questions on the new standards. Covering the often complicated areas of accounting for financial instruments, tangible and intangible assets, provisions, and revenue recognition, the book also contains a valuable overview of the standards and the thinking behind them.

More books from Wiley

Cover of the book Camera Image Quality Benchmarking, Enhanced Edition by Steven Collings
Cover of the book Tools for Project Management, Workshops and Consulting by Steven Collings
Cover of the book Getting Ready for College, Careers, and the Common Core by Steven Collings
Cover of the book The Adventure of the Human Intellect by Steven Collings
Cover of the book Your Internet Cash Machine by Steven Collings
Cover of the book BlackBerry Storm For Dummies by Steven Collings
Cover of the book First Islanders by Steven Collings
Cover of the book Confrontation by Steven Collings
Cover of the book Creating Interdisciplinary Campus Cultures by Steven Collings
Cover of the book We, the Sovereign by Steven Collings
Cover of the book Advanced Paediatric Life Support, Australia and New Zealand by Steven Collings
Cover of the book Development, Security and Unending War by Steven Collings
Cover of the book An Introduction to Syntactic Analysis and Theory by Steven Collings
Cover of the book Handbook of Applied Dog Behavior and Training, Procedures and Protocols by Steven Collings
Cover of the book The Jossey-Bass Handbook of Nonprofit Leadership and Management by Steven Collings
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy