The globally-sourced guide to the latest IFRS, with practical
application advice

Wiley IFRS 2015 is a complete guide to the latest
International Financial Reporting Standards set forth by the
International Accounting Standards Board. Written by an
international team of experts in global accounting standards, this
guide provides detailed information on the latest changes to the
IFRS, with comprehensive coverage of IFRIC interpretations and the
tools needed to maintain IFRS-compliance. Readers will find clear,
concise explanations delineated by topic for easy navigation,
designed for both quick reference in-depth study, with practical
advice for implementing IFRS in real-life scenarios.

The goal of the IASB is to achieve global convergence of
accounting standards, reducing preparation costs and facilitating
the assessment of business outcomes. The IFRS are a key part of the
strategy, simplifying reporting for multinational corporations and
the analysts and investors tasked with evaluating results. Wiley
IFRS 2015 details the most recent changes to the standards,
with expert guidance toward implementation. Readers will:

• Grasp the underlying framework of the International Financial
  Reporting Standards

• Understand how to interpret the standards and apply them in the
  real world

• Follow the Disclosure Checklist to verify completeness and IFRS
  compliance

• Learn from the experts when implementing IFRS for the first
  time

  More and more countries are either adopting IFRS or adapting
  local standards to align with those set by the IASB. The standards
  change annually, and failure to stay up to date can affect business
  strategy and outcomes, especially when working internationally.
  Wiley IFRS 2015 provides the latest information and expert
  guidance, helping practitioners match IFRS to real-world
  practice.

  Autorentext

  PKF International Limited administers the PKF network of around 300 member firms and correspondents in 440 locations in around 125 countries, providing accounting and business advisory services.
  PKF International member firms have a $2.68 billion aggregate fee income (year end June 2012) and the network is a member of the Forum of Firms - an organisation dedicated to consistent and high quality standards of financial reporting and auditing practices worldwide.
  PKF member firms have service and sector specialists in their own marketplace, but also deliver an international service through their relationships with other network members.

  Zusammenfassung
  The globally-sourced guide to the latest IFRS, with practical application advice Wiley IFRS 2015 is a complete guide to the latest International Financial Reporting Standards set forth by the International Accounting Standards Board. Written by an international team of experts in global accounting standards, this guide provides detailed information on the latest changes to the IFRS, with comprehensive coverage of IFRIC interpretations and the tools needed to maintain IFRS-compliance. Readers will find clear, concise explanations delineated by topic for easy navigation, designed for both quick reference in-depth study, with practical advice for implementing IFRS in real-life scenarios.

  The goal of the IASB is to achieve global convergence of accounting standards, reducing preparation costs and facilitating the assessment of business outcomes. The IFRS are a key part of the strategy, simplifying reporting for multinational corporations and the analysts and investors tasked with evaluating results. Wiley IFRS 2015 details the most recent changes to the standards, with expert guidance toward implementation. Readers will:

• Grasp the underlying framework of the International Financial Reporting Standards
• Understand how to interpret the standards and apply them in the real world
• Follow the Disclosure Checklist to verify completeness and IFRS compliance

• Learn from the experts when implementing IFRS for the first time
  More and more countries are either adopting IFRS or adapting local standards to align with those set by the IASB. The standards change annually, and failure to stay up to date can affect business strategy and outcomes, especially when working internationally. Wiley IFRS 2015 provides the latest information and expert guidance, helping practitioners match IFRS to real-world practice.

  Inhalt

  About the Authors vii 1 Introduction to International Financial Reporting Standards 1

  2 Conceptual Framework 29

  3 Presentation of Financial Statements 39

  4 Statement of Financial Position 59

  5 Statements of Profit or Loss and Other Comprehensive Income,

  and Changes in Equity 75

  6 Statement of Cash Flows 95

  7 Accounting Policies, Changes in Accounting Estimates, and Errors 113

  8 Inventories 135

  9 Property, Plant, and Equipment 151

  10 Borrowing Costs 187

  11 Intangible Assets 195

  12 Investment Property 225

  13 Impairment and Noncurrent Assets Held for Sale 239

  14 Consolidations, Joint Arrangements, Associates,

  and Separate Financial Statements 261

  15 Business Combinations 317

  16 Shareholders' Equity 371

  17 Share-Based Payment 397

  18 Current Liabilities, Provisions, Contingencies,

  and Events After the Reporting Period 435

  19 Employee Benefits 467

  20 Revenue Recognition, Including Construction Contracts 489

  21 Government Grants 527

  22 Leases 539

  23 Foreign Currency 593

  24 Financial Instruments 625

  25 Fair Value 749

  26 Income Taxes 775

  27 Earnings Per Share 815

  28 Operating Segments 833

  29 Related-Party Disclosures 851

  30 Accounting and Reporting by Retirement Benefit Plans 865

  31 Agriculture 873

  32 Extractive Industries 887

  33 Accounting for Insurance Contracts 897

  34 Interim Financial Reporting 909

  35 Inflation and Hyperinflation 931

  36First-Time Adoption of International Financial Reporting Standards 953

  Index 985