Wiley IAS 2000 : Interpretation and Application of International Accounting Standards

by Barry J. Epstein; Abbas Ali Mirza; Aki Fujinuma

• ISBN13: 9780471351139
• ISBN10: 047135113X
• Format: Paperback
• Copyright: 1999-11-01
• Publisher: John Wiley & Sons, Inc.

Summary

A comprehensive listing of international standards in one easy-to-follow reference For many years the International Accounting Standards Committee (IASC) has been working to develop a set of accounting standards which can be used to bring about uniformity in financial reporting around the world. Wiley IAS 2000 provides the tools for understanding those standards and offers expertise on how to use and implement them. The book offers a complete listing of all relevant IASC standards, including background information and practical guidance on all the traditional U.S. and U.K. GAAP topics that are not covered by IASC standards. In addition, Wiley IAS 2000 provides up-to-date coverage of IAS formal exposure drafts and Statements of Position (SOPs), a demonstration of the need for increased harmonization and comparability in the global marketplace, and detailed, complex "real-world" examples. Barry J. Epstein, PhD, CPA, is a partner in the Chicago office of BDO Seidman, LLP, Chicago, IL. Abbas Ali Mirza, ACA, AICWA, CPA, works for, 1Talal Abu-Ghazaleh & Co., Sharjah, UAE.

Author Biography

Barry J. Epstein, PhD, CPA, is a partner at Gleeson, Sklar, Sawyers and Cumpata LLR Chicago, Illinois. Abbas Alimirza, ACA, AICWA, CPA, is a director at Pannell Kerr Forster (Ratan Mama and Co.), Dubai, United Arab Emirates.

Table of Contents

Introduction to International Accounting Standards	1	(28)
Appendix: Current International Accounting Standards	25	(4)
Balance Sheet	29	(30)
Income Statement, Statement of Changes in Equity, and Statement of Recognized Gains and Losses	59	(30)
Cash Flow Statements	89	(30)
Cash, Receivables, and Financial Instruments	119	(52)
Inventory	171	(36)
Revenue Recognition, Including Construction Contract Accounting	207	(30)
Appendix: Accounting Under Special Situations-Guidance From US GAAP	234	(3)
Property, Plant, and Equipment	237	(50)
Intangible Assets	287	(24)
Investments	311	(84)
Business Combinations and Consolidated Financial Statements	395	(60)
Current Liabilities, Provisions, Contingencies, and Events After the Balance Sheet Date	455	(28)
Long-Term Debt	483	(22)
Accounting for Leases	505	(54)
Appendix A: Special Situations Not Yet Addressed by IAS 17	545	(8)
Appendix B: Leveraged Leases	553	(6)
Accounting for Income Taxes	559	(58)
Appendix: Accounting for Income Taxes in Interim Periods	604	(13)
Accounting for Employee Benefits	617	(28)
Stockholder's Equity	645	(34)
Appendix A: Illustration of Financial Statement Presentation	653	(2)
Appendix B: Additional Guidance Under US GAAP	655	(24)
Earnings per Share	679	(18)
Interim Financial Reporting	697	(20)
Segment Reporting	717	(18)
Accounting changes and Correction of Fundamental Errors	735	(34)
Appendix A: Accounting for Correction of Errors and Changes in Accounting Policy Under US GAAP	752	(10)
Appendix B: Accounting changes in Interim Periods	762	(7)
Foreign Currency	769	(28)
Appendix A: Hedging	790	(2)
Appendix B: Additional Guidance From US GAAP	792	(5)
Related-Party Disclosures	797	(12)
Specialized Industry Accounting	809	(46)
Accounting for Inflation and Hyperinflation	855	(30)
Appendix: Monetary vs. Nonmonetary Items	883	(2)
Government Grants	885	(12)
Appendix: Disclosure Checklist	897	(51)
Index	948