Wiley IFRS 2013 by Colyvas, Blaise, Chamboko, Raymond, Coetsee, Danie, Njikizana, Tapiwa, Mackenzie, Bruce, Hanekom, Brandon -- Read -- Imperial Library of Trantor

Index

Cover Contents Title Copyright Preface About the Authors About the Online Resources Chapter 1: Introduction to International Financial Reporting Standards

Introduction Origins and Early History of The IASB The Current Structure Process of IFRS Standard Setting Convergence: The IASB and Financial Reporting in the US The IASB and Europe IFRS for SMES Appendix A: Current International Financial Reporting Standards (IAS/IFRS) and Interpretations (SIC/IFRIC) Appendix B: Projects Completed The Previous Year (October 2011 to September 2012) Appendix C: IFRS for SMES

Chapter 2: Conceptual Framework

Introduction Conceptual Framework for Financial Reporting 2010 Conceptual Framework Project Hierarchy of Standards IFRS Practice Statement Management Commentary US GAAP Comparison

Chapter 3: Presentation of Financial Statements

Introduction Scope Definitions of Terms Financial Statements General Features Structure and Content Future Developments Illustrative Financial Statements US GAAP Comparison

Chapter 4: Statement of Financial Position

Introduction Scope Definitions of Terms General Concepts, Structure and Content Classification of Assets Classification of Liabilities Classification of Shareholders’ Equity Future Development US GAAP Comparison

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

Introduction Amendments Effective During 2011 Scope Definitions of Terms Concepts of Income Recognition and Measurement Statement of Profit or Loss and Other Comprehensive Income Presentation in the Profit or Loss Section Other Comprehensive Income Statement of Changes in Equity Future Developments US GAAP Comparison

Chapter 6: Statement of Cash Flows

Introduction Scope Definitions of Terms Background Presentation Other Requirements Disclosure and Examples Consolidated Statement of Cash Flows Future Developments US GAAP Comparison

Chapter 7: Accounting Policies, Changes in Accounting Estimates, and Errors

Introduction Scope Definitions of Terms Importance of Comparability and Consistency in Financial Reporting Accounting Policy Changes in Accounting Policies Changes in Accounting Estimates Correction of Errors US GAAP Comparison

Chapter 8: Inventory

Introduction Definitions of Terms Recognition and Measurment Methods of Inventory Costing Under IAS 2 Examples of Financial Statement Disclosures US GAAP Comparison

Chapter 9: Property, Plant and Equipment

Introduction Definitions of Terms Recognition and Measurement Derecognition Noncurrent Assets Held for Sale Disclosures Examples of Financial Statement Disclosures US GAAP Comparison

Chapter 10: Borrowing Costs

Introduction Definitions of Terms Recognition and Measurement US GAAP Comparison

Chapter 11: Intangible Assets

Introduction Scope Definitions of Terms Recognition and Measurement Disclosures Examples of Financial Statement Disclosures US GAAP Comparison

Chapter 12: Investment Property

Introduction Definitions of Terms Identification Recognition and Measurement Disclosures Examples of Financial Statement Disclosures US GAAP Comparison

Chapter 13: Impairment and Noncurrent Assets Held for Sale

Introduction Definitions of Terms Impairment Noncurrent Assets Held for Sale Discontinued Operations Examples of Financial Statement Disclosures US GAAP Comparison

Chapter 14: Consolidations, Joint Arrangements, Associates, and Separate Financial Statements

Introduction Definitions of Terms Condolidated Financial Statements Joint Arrangements Associates Equity Method of Accounting Separate Financial Statements Disclosure Requirements Transition Guidance Future Developments US GAAP Comparison

Chapter 15: Business Combinations

Introduction Definitions of Terms Business Combinations and Consolidations Business Combinations Disclosure Requirements US GAAP Comparison

Chapter 16: Shareholders’ Equity

Introduction Definitions of Terms Recognition and Measurement Presentation and Disclosure Classification Between Liabilities and Equity Share Issuances and Related Matters Presentation of Financial Statements Examples of Financial Statement Disclosures

Chapter 17: Share-Based Payment

Introduction Scope Definitions of Terms Overview Recognition and Measurement Equity-Settled Share-Based Payments Cash-Settled Share-Based Payments Share-Based Payment Transactions with Cash Alternatives Share-Based Transactions Among Group Entities Disclosure Examples of Financial Statement Disclosures US GAAP Comparison Appendix: Employee Share Options Valuation Example

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

Introduction Definitions of Terms Recognition and Measurement Disclosures Practical Examples Reporting Events Occurring After The Reporting Period Future Developments US GAAP Comparision

Chapter 19: Employee Benefits

Introduction Definitions of Terms Background Basic Principles of IAS 19 Postemploment Benefit Plans Employer’s Liability and Assets Minimimum Funding Requirement Other Pension Considerations Disclosures for Postemploment Benefit Plans Other Employee Benefits Future Developments US GAAP Comparison

Chapter 20: Revenue Recognition, Including Construction Contracts

Revenue Recognition Introduction Definitions of Terms Scope Identification Measurement Recognition Specific Transactions Example of Financial Statement Disclosures Construction Contract Accounting Introduction Definitions of Terms Recognition and Measurement Disclosure Examples of Financial Statement Disclosures Future Developments US GAAP Comparison

Chapter 21: Government Grants

Introduction Scope Definitions of Terms Recognition of Government Grants Presentation and Disclosure Other Issues Service Concessions US GAAP Comparison

Chapter 22: Leases

Introduction Definitions of Terms Classification of Leases Recognition and Measurement Disclosure Requirements Under IAS 17 Examples of Financial Statement Disclosures Future Developments US GAAP Comparison Appendix A: Special Situations not Addressed by IAS 17 But Which Have Been Interpreted Under US GAAP Appendix B: Leveraged Leases Under US GAAP

Chapter 23: Foreign Currency

Introduction Definitions of Terms Scope, Objectives, and Discussion of Definitions Foreign Currency Transactions Translation of Foreign Currency Financial Statements Guidance Applicable to Special Situations Disclosure Hedging Examples of Financial Statement Disclosures US GAAP Comparison

Chapter 24: Financial Instruments

Introduction Future Developments and IFRS 9 Definitions of Terms Discussion of Certain Concepts IAS 32: Financial Instruments—Presentation IAS 39: Financial Instruments—Recognition and Measurement Disclosure US GAAP Comparison

Chapter 25: Fair Value

Introduction Scope Definitions of Terms Fair Value Measurement Principles and Methodologies Fair Value Disclosure US GAAP Comparison

Chapter 26: Income Taxes

Introduction Amendments Effective During 2013 Scope Definitions of Terms Identification Recognition and Measurement of Current Tax Recognition and Measurement of Deferred Tax Recognition in Profit or Loss Calculation of Deferred Tax Asset or Liability Effect of Changed Circumstances Specific Transactions Presentation and Disclosure Examples of Financial Statement Disclosures US GAAP Comparison

Chapter 27: Earnings Per Share

Introduction Scope Definitions of Terms Concepts, Rules, and Examples Examples of Financial Statement Disclosures US GAAP Comparison

Chapter 28: Operating Segments

Introduction Scope Definitions of Terms Identification Concepts and Requirements Under IFRS 8 Disclosure Requirements Example of Financial Statement Disclosures Under IFRS 8 New Developments US GAAP Comparison

Chapter 29: Related-Party Disclosures

Introduction Definitions of Terms Identification Disclosures Examples of Financial Statement Disclosures US GAAP Comparison

Chapter 30: Accounting and Reporting by Retirement Benefit Plans

Introduction Definitions of Terms Scope Defined Contribution Plans Defined Benefit Plans Disclosures

Chapter 31: Agriculture

Introduction Scope Definitions of Terms Identification Recognition and Measurement Presentation and Disclosures Examples of Financial Statement Disclosures Other Issues US GAAP Comparison

Chapter 32: Extractive Industries

Introduction Definitions of Terms Exploration and Evaluation of Mineral Resources Example of Financial Statement Disclosures Future Developments US GAAP Comparison

Chapter 33: Accounting for Insurance Contracts

Introduction Definitions of Terms Insurance Contracts Recognition and Measurement Guidance Disclosure Future Developments US GAAP Comparison

Chapter 34: Interim Financial Reporting

Introduction Definitions of Terms Amendments Effective During 2013 Alternative Concepts of Interim Reporting Objectives of Interim Financial Reporting Application of Accounting Policies Presentation Recognition Issues Examples of Financial Statement Disclosures US GAAP Comparison

Chapter 35: Inflation and Hyperinflation

Introduction Definitions of Terms Recognition and Measurement Financial Reporting in Hyperinflationary Economies Example of Financial Statements US GAAP Comparison Appendix: Monetary vs. Nonmonetary Items

Chapter 36: First-Time Adoption of International Financial Reporting Standards

Introduction Definitions of Terms First-Time Adoption Guidance Optional Exemptions Presentation and Disclosure

Appendix A: Disclosure Checklist Index

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