The newest edition of an essential accounting resource

The Wiley 2023 Interpretation and Application of IFRS Standards is an authoritative, one-stop resource for accountants who need to interpret and apply the most recent International Financial Reporting Standards with precision and consistency. The book contains numerous practical examples and up-to-date guidance on the expanding framework for unified financial reporting.

The authors have created a volume that offers transparent, accessible, and efficient information relevant to the ever-evolving IFRS standards. Readers will also find:

• Clear and informative explanations of the newest updates found in the 2023 IFRS Standards
• Well-reasoned examples of new standards being applied to difficult cases drawn from real-world situations

• Realistic and practical advice created by, and for, accounting professionals

  Perfect for accountants and auditors, the Wiley 2023 Interpretation and Application of IFRS Standards will earn a place on the desks and bookshelves of students of accounting, finance, and related fields.

  Autorentext

  PKF International is a global network of accountancy firms. Their 220 members operate under the PKF brand in 150 countries across five regions.

  Klappentext

  The newest edition of an essential accounting resource The Wiley 2023 Interpretation and Application of IFRS Standards is an authoritative, one-stop resource for accountants who need to interpret and apply the most recent International Financial Reporting Standards with precision and consistency. The book contains numerous practical examples and up-to-date guidance on the expanding framework for unified financial reporting. The authors have created a volume that offers transparent, accessible, and efficient information relevant to the ever-evolving IFRS standards. Readers will also find: Clear and informative explanations of the newest updates found in the 2023 IFRS Standards Well-reasoned examples of new standards being applied to difficult cases drawn from real-world situations * Realistic and practical advice created by, and for, accounting professionals Perfect for accountants and auditors, the Wiley 2023 Interpretation and Application of IFRS Standards will earn a place on the desks and bookshelves of students of accounting, finance, and related fields.

  Inhalt

  About the Authors vii

  1 Introduction To International Financial Reporting Standards 1

  2 Conceptual Framework 15

  3 Presentation of Financial Statements 41

  4 Statement of Financial Position 63

  5 Statements of Profit or Loss and Other Comprehensive Income, and Changes In Equity 77

  6 Statement of Cash Flows 99

  7 Accounting Policies, Changes in Accounting Estimates and Errors 117

  8 Inventories 139

  9 Property, Plant and Equipment 157

  10 Borrowing Costs 187

  11 Intangible Assets 195

  12 Investment Property 225

  13 Impairment of Assets and Non- Current Assets Held for Sale 239

  14 Consolidations, Joint Arrangements, Associates and Separate Financial Statements 261

  15 Business Combinations 313

  16 Shareholders' Equity 365

  17 Share- Based Payment 389

  18 Current Liabilities, Provisions, Contingencies and Events After the Reporting Period 423

  19 Employee Benefits 457

  20 Revenue from Contracts with Customers 483

  21 Government Grants 523

  22 Leases 537

  23 Foreign Currency 567

  24 Financial Instruments 599

  25 Fair Value 729

  26 Income Taxes 759

  27 Earnings Per Share 797

  28 Operating Segments 815

  29 Related Party Disclosures 833

  30 Accounting and Reporting by Retirement Benefit Plans 847

  31 Agriculture 855

  32 Extractive Industries 869

  33 Accounting for Insurance Contracts 879

  34 Interim Financial Reporting 909

  35 Hyperinflation 929

  36 First- Time Adoption of International Financial Reporting Standards 939

  Index 963