International financial reporting standards: a framework-based perspective

International Financial Reporting Standards: A Framework-based Perspective links broad concepts and general accounting principles to the specific requirements of IFRS to help students develop and understand the judgments required in using a principle-based standard. Although it is still unclear whether the US will adopt IFRS, the global business environment makes it necessary for accounting students and professionals to be bilingual in both US GAAP and IFRS. This comprehensive textbook offers:A clear presentation of the concepts underlying IFRSA conceptual framework to guide students in interp.

Previously issued in print: 2014.

Cover; Half Title; Title Page; Copyright Page; Dedication; Table of Contents; Preface; Part I: Conceptual Framework; 1. Introduction to International Financial Reporting Standards (IFRS); 2. Conceptual Framework for Financial Reporting; 3. Fair Value Measurement; Part II: Presentation; 4. Presentation of Financial Statements; 5. Statement of Cash Flows; 6. Accounting Policies, Estimates, and Errors; 7. Events after the Reporting Period; 8. Related Party Disclosures; 9. Earnings per Share; 10. Operating Segments; Part III: Elements; 11. Inventories

12. Financial Instruments-Recognition and Measurement13. Financial Instruments-Presentation; 14. Financial Instruments-Disclosures; 15. Property, Plant, and Equipment; 16. Intangible Assets; 17. Investment Property; 18. Impairment of Assets; 19. Leases; 20. Revenue from Contracts with Customers; 21. Income Taxes; 22. Employee Benefits; 23. Share-Based Payments; 24. Provisions, Contingent Liabilities, and Contingent Assets; 25. The Effects of Changes in Foreign Exchange Rates; 26. Hyperinflation; Part IV: Reporting Entities; 27. Business Combinations; 28. Consolidated Financial Statements

29. Investments in Associates and Joint Ventures…