International financial reporting technical issues

This book contains excerpts and extracts taken from financial statements presented by companies around the world under International Financial Reporting Standards (IFRS) providing real world examples of company financial statements on practical application to international accounting standards. It demonstrates the practical application of international accouting standards to financial statements and includes IFRS compliance checklists. Arranged topically, the book is a quick source of reference to find answers to issues of interest to financial statement preparers.

Preface

Acknowledgments

Section I

Chapter 1: Introduction to International Financial Reporting Standards (IFRS)

Chapter 2: IASB Framework for the Preparation and Presentation of Financial Statements

Section II

Chapter 3: Presentation of Financial Statements (IAS 1)

Chapter 4: Statement of Cash Flows (IAS 7)

Chapter 5: Accounting Policies, Changes in Accounting Estimates and Errors, IAS 8

Chapter 6: Events After the Reporting Date, IAS 10

Section II: Extracts from Published Financial Statements of Public Companies

Section III

Chapter 7: Revenue, IAS 18

Chapter 8: Construction Contracts, IAS 11

Chapter 9: Accounting for Government Grants and Disclosure of Government Assistance, IAS 20

(including parts of IAS 41 that deal with 'government grants' relating to 'biological assets')

Section III: Extracts from Published Financial Statements

Section IV

Chapter 10: Property, Plant and Equipment, IAS 16

Chapter 11: Borrowing Costs, IAS 23

Chapter 12: Provisions, Contingent Liabilities and Contingent Assets, IAS 37

Chapter 13: Intangible Assets, IAS 38

Chapter 14: Investment Property, IAS 40

Section IV: Extracts from Published Financial Statements

Section V

Chapter 15: Consolidated Financial Statements and Separate Financial Statements, IAS 27

Chapter 16: Investments in Associates, IAS 28

Chapter 17: Interests in Joint Ventures, IAS 31

Chapter 18: Impairment of Assets, IAS 36

Chapter 18: Business Combinations, IFRS 3

Chapter 19: Non-current Assets Held for Sale and Discontinued Operations, IFRS 5

Section V: Extracts from Published Financial Statements

Chapter 17: Interests in Joint Ventures, IAS 31

Chapter 20: Non-currents Held For Sale and Discontinued Operations, IFRS 5

Section VI

Chapter 21: Financial Instruments: Presentation, IAS 32

Chapter 22: Financial Instrument-Recognition and Measurement, IAS 39

Chapter 23: Financial Instrument Disclosures, IFRS 7

Section VI: Extracts from Published Financial Statements

Section VI: Appendix

Financial Instruments, IFRS 9 (Issued in 2009, effective in 2013 with earlier adoption permitted)

Section VII

Chapter 24: Employee Benefits, IAS 19

Chapter 25: Share Based Payments, IFRS 2

Section VII: Extracts from Published Financial Statements

Section VIII

Chapter 26: Earnings Per Share, IAS 33

Chapter 27: Interim Financial Reporting, IAS 34

Chapter 28: Operating Segments, IFRS 8

Section VIII: Extracts from Published Financial Statements

Section IX

Chapter 29: Accounting and Reporting by Retirement Benefit Plans, IAS 26

Chapter 30: Financial Reporting in Hyperinflationary Economies, IAS 29

Chapter 31: First-time Adoption of International Financial Reporting Standards, IFRS 1

Chapter 32: Insurance Contracts, IFRS 4

Chapter 33: Exploration for and evaluation of mineral resources, IFRS 6

Section IX: Extracts from Published Financial Statements

Section X

Chapter 34: Inventories, IAS 2

Chapter 35: Income Taxes, IAS 12

Chapter 36: Leases, IAS 17

Chapter 37: The Effects of Changes in Foreign Exchange Rates, IAS 21

Chapter 38: Related Party Disclosures, IAS 24

Section X: Extracts from Published Financial Statements

APPENDIX

IFRSs issued in 2011 and mandatorily effective from January 1, 2013...