Wiley IFRS 2009: Interpretation and Application of International Accounting and Financial Reporting Standards 2009

by Barry J. Epstein (Checkers, Simon & Rosner, Chicago); Eva K. Jermakowicz (Tennessee State University)

• ISBN13: 9780470286098
• ISBN10: 0470286091
• Format: Paperback
• Copyright: 2009-02-01
• Publisher: Wiley

Summary

With widespread acceptance and use of the IASB standards around the globe, the need to understand the IASB standards greatly increases. Wiley IFRS 2009 provides the necessary tools for understanding the IASB standards and offers practical guidance and expertise on how to use and implement them. The Wiley IFRS 2009 Book and CD-ROM set covers the most recent International Financial Reporting Standards (IFRS) and IFRIC interpretations. In addition, it is an indispensable guide to IFRS compliance. This is every CPAs one-stop resource for understanding current International Financial Reporting Standards.

Author Biography

Barry J. Epstein, PhD, CPA, a leading consulting and testifying accounting and auditing expert, is coauthor of the Wiley IFRS and Wiley GAAP annual publications. He is a partner in the Chicago firm Russell Novak & Company. He has forty years' experience in the public accounting profession as auditor, technical director/partner for several national and local firms, and regularly serves as an accounting, auditing, financial reporting and financial analysis expert in litigation matters, including assignments for both the private sector entities and governmental agencies.

Eva K. Jermakowicz, PhD, CPA, is coauthor of Wiley IFRS and a leading consultant to international organizations and businesses. She is a frequent speaker at international venues and has taught accounting for twenty-five years. She is currently Professor of Accounting and Chair of the Accounting and Business Law Department at Tennessee State University.

Table of Contents

Introduction to International Financial Reporting Standards

Statement of Financial Position

Statements of Income, Comprehensive Income, and Changes in Equity

Statement of Cash Flows

Cash, Receivables, and Financial Instruments

Inventory

Revenue Recognition, Including Construction Contracts

Property, Plant, and Equipment

Intangible Assets

Interests in Financial Instruments, Associates, Joint Ventures, and Investment Property

Business Combinations and Consolidated Financial Statements

Current Liabilities, Provisions, Contingencies, and Events After the Reporting Period

Financial InstrumentsùNoncurrent Liabilities

Leases

Income Taxes

Employee Benefits

ShareholdersÆ Equity

Earnings Per Share

Interim Financial Reporting

Operating Segments

Accounting Policies, Changes in Accounting Estimates, and Errors

Foreign Currency

Related-Party Disclosures

Specialized Industry Accounting

Inflation and Hyperinflation

Government Grants

First-Time Adoption of International Financial Reporting Standards

Appendix A: Disclosure Checklist

Appendix B: Illustrative Financial Statements Presented under IFRS

Appendix C: Comparison of IFRS and US GAAP

Index

Table of Contents provided by Publisher. All Rights Reserved.