Financial Reporting under IFRS: an accounting perspective

This textbook on financial accounting and reporting offers a global perspective on IFRS. It presents the rationale and principles prescribed throughout theIAS/IFRS including numerous examples from international large companies. It develops fundamental skills necessary to read and use the information containedin all financial statements (Balance Sheet, P Equity). The last part is oriented towards the use of the financial statements: the analysis of the firms performance and its risks. Group accounts are therefore introduced along with theStatement of Cash-flows and the Statement of Change in Owners Equity. Throughout the book special topics are covered, such as Derivatives and Hedge accounting (IAS 39), Business Combination (IFRS 3), Operating Segments (IFRS 8). IFRSare quite different from other sets of accounting standards, and are fundamentally different from US-GAAP in that they are principals based, and not based on detailed rules. Students must be able to make assumptions, hypothesizes, and estimations leading them to an accounting treatment consistent with the general objective of financial statements under IFRS. This book explains the principles, and illustrates them based on numerous excerpts of financial reports and examples.

• ISBN: 978-0-470-68831-1
• Editorial: John Wiley & Sons
• Encuadernacion: Rústica
• Páginas: 352
• Fecha Publicación: 17/09/2010
• Nº Volúmenes: 1
• Idioma: Inglés