Wiley Interpretation and Application of IFRS Standards

The one-stop resource for IFRS interpretation and application, updated for 2018 Wiley IFRS 2018 offers a complete resource for the interpretation and application of the latest International Financial Reporting Standards (IFRS) as outlined by the International Accounting Standards Board (IASB). With up-to-date coverage and a host of practical tools, this book provides invaluable guidance on the expanding framework for unified financial reporting. Organised for easy navigation, each chapter includes general statement information followed by topic-specific discussion to facilitate both quick-reference and in-depth study. The expert team at PKF International provides authoritative insight from a practitioner's perspective: IFRIC interpretations and practical real-world guidance ensure full understanding of the newest standards, and the Disclosure Checklist helps verify compliance. The IASB's efforts are paying off as more and more countries around the globe either adopt IFRS as their national standards, or adjust local standards in alignment. A working understanding of IFRS application is becoming essential, even as the rules continue to evolve. This book provides full coverage of the latest standards and thorough guidance for implementation. Review the latest IFRS rules and standards Apply guidelines and best practices appropriately Gain expert insight on IFRS interpretation and implementation Ensure compliance and verify completeness Uniform financial reporting reduces the costs of financial statement preparation for multinational companies, and streamlines the assessment of business results. As the standards themselves evolve, so must practitioners' understanding of how to apply them correctly in real-world cases. Wiley IFRS 2018 offers a complete, up-to-date reference to help you apply and comply with the latest international standards.

Auteur

PKF International is a global network of legally independent firms bound together by a shared commitment to quality, integrity and the creation of clarity in a complex regulatory environment.
With offices in 440 cities, PKF operates in 150 countries across 5 continents and specialises in providing high quality audit, accounting, tax, and business advisory services to international and domestic organisations in all of their markets.
PKF International member firms have an aggregate fee income of $2.52 billion, 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.

Contenu

About the Authors vii

1 Introduction to International Financial Reporting Standards 1

2 Conceptual Framework 27

3 Presentation of Financial Statements 45

4 Statement of Financial Position 65

5 Statements of Profit or Loss and Other Comprehensive Income, and Changes in Equity 81

6 Statement of Cash Flows 101

7 Accounting Policies, Changes in Accounting Estimates, and Errors 119

8 Inventories 139

9 Property, Plant and Equipment 157

10 Borrowing Costs 185

11 Intangible Assets 193

12 Investment Property 221

13 Impairment of Assets and Non-Current Assets Held for Sale 235

14 Consolidations, Joint Arrangements, Associates and Separate Financial Statements 257

15 Business Combinations 309

16 Shareholders' Equity 361

17 Share-Based Payment 383

18 Current Liabilities, Provisions, Contingencies and Events After the Reporting Period 417

19 Employee Benefits 449

20 Revenue from Contracts with Customer 475

21 Government Grants 515

22 Leases 527

23 Foreign Currency 583

24 Financial Instruments 615

25 Fair Value 737

26 Income Taxes 767

27 Earnings per Share 803

28 Operating Segments 821

29 Related Party Disclosures 839

30 Accounting and Reporting by Retirement Benefit Plans 853

31 Agriculture 861

32 Extractive Industries 877

33 Accounting for Insurance Contracts 887

34 Interim Financial Reporting 905

35 Hyperinflation 925

36 First-Time Adoption of International Financial Reporting Standards 935

Index 967