IAS 2004 - Interpretation and application of international accounting and financial reporting standards

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Barry J. Epstein, Abbas Ali Mirza

1094 pages, parution le 28/05/2004

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Résumé

Your one indispensable guide to IAS/IFRS compliance

International Accounting Standards (IAS) or International Financial Reporting Standards (IFRS), as they will be referred to henceforth, are receiving more attention than ever, having now been endorsed by the International Organization of Securities Commissions (IOSCO) and the European Union (EU). The EU will require that listed companies throughout the European Union apply IAS, instead of previously employed national accounting standards, by 2005, for consolidated financial reporting purposes. This, along with the growing list of nations (such as Australia, Russia, and Tanzania) either formally adopting IAS or basing national standards on them, and the ever-expanding group of major international companies choosing to report using that basis of accounting, will likely provide the impetus necessary to catapult IAS into truly global use and acceptance. Furthermore, the recent U.S. SEC's call for a fundamental shift in the philosophy underlying the U.S. accounting standard-setting process from the "rules-based" approach to the "principles-based" system (which has always been the hallmark of the International Accounting Standards) is generating a great deal of interest in these standards even in the U.S., thus paving the way for faster-than-expected global "convergence."

Wiley IAS 2004 is the compact yet truly comprehensive quick-reference guide that accountants can depend on to assist in the understanding and preparing of financial statements presented in accordance with IAS/IFRS. This new edition includes complete coverage of all the standards and interpretations issued or revised by the International Accounting Standards Committee (IASC), as well as the International Accounting Standards Board (IASB). In addition, excerpts taken from published financial statements of companies around the globe reporting under IAS illustrate practical applications of the standards and provide comprehensive examples of footnote disclosures. Furthermore, appendices to the book incorporating illustrative financial statements presented under IAS/IFRS, an IAS/IFRS checklist, and a table outlining comparisons of the salient provisions of IAS/IFRS to both U.S. GAAP and UK GAAP requirements enhance the practical utility of this book. EU companies required to switch to IFRS in 2005 will find practical "how-to" advice and implementation guidance on IFRS 1, First-Time Adoption of International Financial Reporting Standards. In addition, the book offers in-depth coverage of the latest changes made to extant standards by the IASB's "Improvements Project," which will become effective in 2005.

L'auteur - Barry J. Epstein

Barry J. Epstein, PhD, CPA, is a partner with Russell Novak & Company, LLP, a Chicago-based firm, where he specializes in technical consultation on accounting and auditing matters and corporate governance, and serves as a consulting and testifying expert for various litigation matters including accountants' malpractice, contractual dispute resolution, and commercial damages modeling. He has previously served in senior technical and litigation consulting positions with several regional and national CPA firms, as a corporate finance executive, and as a college professor. Dr. Epstein has authored or coauthored six books (including Wiley IFRS Interpretation and Application), hundreds of professional education courses, and several articles, and has previously coauthored a weekly business column for an international newspaper. He has served on several state and national technical committees, including the AICPA's Board of Examiners, and served as chair of the Illinois CPA Society's senior accounting technical committee. Most of his career has been in public accounting, but also with teaching stints at several major universities. Dr. Epstein received his doctorate from the University of Pittsburgh, and holds degrees from DePaul University and the University of Chicago. He is a member of the Illinois CPA Society, the AICPA, and the American Accounting Association.

L'auteur - Abbas Ali Mirza

Abbas Ali Mirza is a Partner at Deloitte & Touche, Dubai, United Arab Emirates (UAE).

Sommaire

Introduction to International Accounting and Financial Reporting Standards.
Balance Sheet.
Income Statement, Statement of Changes in Equity, and Statement of Recognized Gains and Losses.
Cash Flow Statement.
Financial Instruments-Cash and Receivables.
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 Balance Sheet Date.
Financial Instruments-Long-Term Debt.
Leases.
Income Taxes.
Employee Benefits.
Stockholders' Equity.
Earnings Per Share.
Interim Financial Reporting.
Segment Reporting.
Accounting Changes and Correction of Errors.
Foreign Currency.
Related-Party Disclosures.
Specialized Industries.
Inflation and Hyperinflation.
Government Grants.
First-Time Adoption of International Financial Reporting Standards.

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	Barry J. Epstein, Abbas Ali Mirza
Parution	28/05/2004
Nb. de pages	1094
Format	19 x 23,5
Couverture	Broché
Poids	1900g
Intérieur	Noir et Blanc
EAN13	9780471475590