International Financial Reporting Standards: An Introduction, 2nd Edition / Edition 2

International Financial Reporting Standards: An Introduction, 2nd Edition / Edition 2

by Belverd E. Needles, Marian Powers
     
 

ISBN-10: 053847680X

ISBN-13: 9780538476805

Pub. Date: 03/24/2010

Publisher: Cengage Learning

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.

Overview

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.

Product Details

ISBN-13:
9780538476805
Publisher:
Cengage Learning
Publication date:
03/24/2010
Edition description:
Older Edition
Pages:
64
Product dimensions:
7.70(w) x 9.80(h) x 0.30(d)

Related Subjects

Table of Contents

Introduction: The Global Momentum for IFRS. I. BACKGROUND OF IFRS. The Origin of International Accounting Standards (IAS). The Road to Convergence. Will IFRS Live Up to Their Promise? II. THE STRUCTURE OF IFRS. Overview of IFRS. Framework for the Preparation and Presentation of Financial Statements. Proposed Presentation of Financial Statements. III. 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. IV.IFRS for SMEs. What are IFRS for SMEs and What is Their Potential Importance to Financial Reporting in the U.S.? Why and How Were IFRS for SMEs Developed? Advantages and Disadvantages of SMEs. Key Differences between Full IFRS and IFRS for SMEs. Similarities and Differences between U.S. GAAP and IFRS for SMEs. V: THE CURRENT STATUS AND FUTURE OF IFRS. Remaining Differences between US GAAP and IFRS. Transitioning to IFRS. Adapting to IFRS. Appendix A: Common Acronyms. Appendix B: IFRS Timeline. Appendix C: Current IFRS and IAS. Appendix D: Selected Websites with IFRS Resources.

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