International Financial Reporting Standards

by Needles,Belverd E.

• ISBN13: 9780538744867
• ISBN10: 0538744863
• Edition: 1st
• Format: Paperback
• Copyright: 2009-05-20
• Publisher: South-Western College Pub

Summary

INTERNATIONAL FINANCIAL REPORTING STANDARDS introduces accounting students to the status of IFRS and the impact on the financial reporting environment. This booklet delivers the relevant content, trusted authorship, and appropriate scope for learners new to the subject.

Table of Contents

Introduction: The Global Momentum for IFRS

Backgroundof IFRS

The Origin of International Accounting Standards (IAS)

The Road to Convergence

Will IFRS Live Up to Their Promise?

The Structure of IFRS

Overview of IFRS

Framework for the Preparation and Presentation of Financial Statements

Proposed Presentation of Financial Statements

Key Differences between IFRS and U.S. GAAP

Principles-Based Versus Rules-Based Standards

Income Measurement

Fair Value Measurements

Revenue Recognition

Provisions

Comprehensive Income and Recycling

Inventory Accounting

Property, Plant, and Equipment Revaluation

Impairment

Equity

Share-Based Payments

Consolidation

IFRS for Private Entities

The Current Status and Future of IFRS

Remaining Differences between US GAAP and IFRS

Transitioning to IFRS

Adapting to IFRS

Common Acronyms

IFRS Timeline

Current IFRS and IAS

Selected Websites with IFRS Resources

Table of Contents provided by Publisher. All Rights Reserved.