New focus on international companies, international examples, and international currencies. The basics of financial accounting principles and procedures are presented within the context of IFRS while also providing exercises and problems that present students with international currency examples (e.g. yen, euro). Real-world, international company examples incorporated throughout the textbook. Authoritative literature references (IASB/IFRS) considers the key authoritative literature under IFRS as students become more familiar with the original sources. Convergence Corner features consider key differences between US GAAP and IFRS while offering information about how the systems are converging on the topic. Extensive end-of-chapter material keyed to international companies and international currencies. Marks & Spencer (GBR), Cadbury (GBR), and Nestle (CHE) Annual Reports & Financial Reporting Problems offer students opportunities to apply their knowledge of accounting and IFRS to real-life international companies. Key terminology changes (e.g. Common stock Share capital; Balance sheet Statement of financial position) familiarize students with the language of IFRS. Inclusion of helpful references such as, a chart of currency, country of origin, and current conversion rate.
Chapter 15. Equity.
Chapter 16. Dilutive Securities and Earnings per Share.
Chapter 17. Investments?
Chapter 18. Revenue.
Chapter 19. Accounting for Income Taxes.
Chapter 20. Accounting for Pensions and Postretirement Benefits.
Chapter 21. Accounting for Leases.
Chapter 22. Accounting Changes and Error Analysis.
Chapter 23. Statement of Cash Flows.
Chapter 24. Presentation and Disclosure in Financial Reporting.