INDICE: Preface.Acknowledgement.About the author.1 Worldwide convergence onIFRS.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 1presentation 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.Appendix: The IASB Conceptual Framework.Qualitativecharacteristics.Assets and liabilities.3 Investments in other companies.Consolidation.Translation of foreign subsidiaries.Business combinations.Investmentsin associates.Joint ventures.Assets held for disposal.Equity investments.Conclusion.Appendix: Fair value measurement.The market.Measurement hierarchy.Highest and best use.Liabilities.Conclusion.4 Income statement items.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 instruments.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 T heIFRS 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 T he 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.Further reading.Index.
- ISBN: 978-1-119-97387-4
- Editorial: John Wiley & Sons
- Encuadernacion: Rústica
- Páginas: 248
- Fecha Publicación: 10/04/2012
- Nº Volúmenes: 1
- Idioma: Inglés