This unique book is not written from a specific national perspective, but adopts an international approach throughout. It treats the topic of International Financial Accounting and Reporting as a subject in its own right and not as an alternative or an extension to the existing domestic regulatory framework.The book begins with an introduction to accounting and financial reporting, followed by a description of the development of international standards and the present structure, role and operations of the International Accounting Standards Board.While a major part of the book is devoted to a discussion on individual IFRS (International Financial Reporting Standards), it also discusses income statements, balance sheets and cash flow statements. These financial statements are examined in the context of International Financial Reporting regulations and students are introduced to the main IFRS relating to those statements. Subsequent chapters examine individually, the more complex standards.A complimentary copy of the Instructor's Manual and the PowerPoint presentations of the text materials are available for all instructors who adopt this book as a course text. Please send your request to email@example.com.
Assumptions and Facts; Regulatory Frameworks; The International Accounting Standards Board; The Basics of the Income Statement; The Basics of the Balance Sheet; The Basics of the Cash Flow Statement; Intangible Assets and Impairments; Accounting for Leases; Financial Instruments; Special Situations; Employees and Taxes; Accounting Policies, Errors, Provisions and Contingencies; Consolidated Financial Statements; Multinationals and International Accounting; Evaluating International Business Organizations.