Efnisyfirlit

• Title Page
• Copyright
• From the Profession
• Brief Contents
• Preface
• About the authors
• List of Acronyms
• Part 1 CONCEPTUAL FRAMEWORK
• 1 The IASB and its Conceptual Framework
• 1.1 The International Accounting Standards Board (IASB®)
• 1.2 The purpose of a conceptual framework
• 1.3 Qualitative characteristics of useful financial information
• 1.4 Going concern assumption
• 1.5 Definition of elements in financial statements
• 1.6 Recognition of elements of financial statements
• 1.7 Measurement of the elements of financial statements
• 1.8 Concepts of capital
• 1.9 Future developments
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• Part 2 ELEMENTS
• 2 Owners’ equity: share capital and reserves
• 2.1 Equity
• 2.2 For-profit companies
• 2.3 Key features of the corporate structure
• 2.4 Different forms of share capital
• 2.5 Contributed equity: issue of share capital
• 2.6 Contributed equity: subsequent movements in share capital
• 2.7 Share capital: subsequent decreases in share capital
• 2.8 Reserves
• 2.9 Disclosure
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 3 Fair value measurement
• 3.1 Introduction
• 3.2 The definition of fair value
• 3.3 The fair value framework
• 3.4 Application to non-financial assets
• 3.5 Application to liabilities
• 3.6 Application to measurement of an entity’s own equity
• 3.7 Application to financial instruments with offsetting positions
• 3.8 Disclosure
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 4 Revenue from contracts with customers
• 4.1 Introduction
• 4.2 Scope
• 4.3 Identify the contract with the customer
• 4.4 Identify the performance obligations
• 4.5 Determine the transaction price
• 4.6 Allocate the transaction price
• 4.7 Satisfaction of performance obligations
• 4.8 Contract costs
• 4.9 Other application issues
• 4.10 Presentation and disclosures
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 5 Provisions, contingent liabilities and contingent assets
• 5.1 Introduction to IAS 37
• 5.2 Scope
• 5.3 Definition of a provision
• 5.4 Distinguishing provisions from other liabilities
• 5.5 Definition of a contingent liability
• 5.6 Distinguishing a contingent liability from a provision
• 5.7 The recognition criteria for provisions
• 5.8 Measurement of provisions
• 5.9 Application of the definitions, recognition and measurement rules
• 5.10 Contingent assets
• 5.11 Disclosure
• 5.12 Comparison between IFRS 3 and IAS 37 in respect of contingent liabilities
• 5.13 Expected future developments
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 6 Income taxes
• 6.1 The nature of income tax
• 6.2 Differences between accounting profit and taxable profit
• 6.3 Accounting for income taxes
• 6.4 Calculation of current tax
• 6.5 Recognition of current tax
• 6.6 Payment of tax
• 6.7 Tax losses
• 6.8 Calculation of deferred tax
• 6.9 Recognition of deferred tax liabilities and deferred tax assets
• 6.10 Change of tax rates
• 6.11 Other issues
• 6.12 Presentation in the financial statements
• 6.13 Disclosures
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 7 Financial instruments
• 7.1 Introduction
• 7.2 What is a financial instrument?
• 7.3 Financial assets and financial liabilities
• 7.4 Distinguishing financial liabilities from equity instruments
• 7.5 Compound financial instruments
• 7.6 Interest, dividends, gains and losses
• 7.7 Financial assets and financial liabilities: scope
• 7.8 Derivatives and embedded derivatives
• 7.9 Financial assets and financial liabilities: categories of financial instruments
• 7.10 Financial assets and financial liabilities: recognition criteria
• 7.11 Financial assets and financial liabilities: measurement
• 7.12 Financial assets and financial liabilities: offsetting
• 7.13 Hedge accounting
• 7.14 Disclosures
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 8 Share-based payment
• Introduction
• 8.1 Application and scope
• 8.2 Cash-settled and equity-settled share-based payment transactions
• 8.3 Recognition
• 8.4 Equity-settled share-based payment transactions
• 8.5 Vesting
• 8.6 Treatment of a reload feature
• 8.7 Modifications to terms and conditions on which equity instruments were granted
• 8.8 Cash-settled share-based payment transactions
• 8.9 Disclosure
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 9 Inventories
• 9.1 The nature of inventories
• 9.2 Measurement of inventory upon initial recognition
• 9.3 Determination of cost
• 9.4 Accounting for inventory
• 9.5 End-of-period accounting
• 9.6 Assigning costs to inventory on sale
• 9.7 Net realisable value
• 9.8 Recognition as an expense
• 9.9 Disclosure
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 10 Employee benefits
• 10.1 Introduction to accounting for employee benefits
• 10.2 Scope and purpose of IAS 19
• 10.3 Defining employee benefits
• 10.4 Short-term employee benefits
• 10.5 Post-employment benefits
• 10.6 Accounting for defined contribution post-employment plans
• 10.7 Accounting for defined benefit post-employment plans
• 10.8 Other long-term employee benefits
• 10.9 Termination benefits
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 11 Property, plant and equipment
• 11.1 The nature of property, plant and equipment
• 11.2 Initial recognition of property, plant and equipment
• 11.3 Initial measurement of property, plant and equipment
• 11.4 Measurement subsequent to initial recognition
• 11.5 The cost model
• 11.6 The revaluation model
• 11.7 Choosing between the cost model and the revaluation model
• 11.8 Derecognition
• 11.9 Disclosure
• 11.10 Investment properties
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 12 Leases
• Introduction
• 12.1 What is a lease?
• 12.2 Classification of leases
• 12.3 Classification guidance
• 12.4 Accounting for finance leases by lessees
• 12.5 Accounting for finance leases by lessors
• 12.6 Accounting for finance leases by manufacturer or dealer lessors
• 12.7 Accounting for operating leases
• 12.8 Accounting for sale and leaseback transactions
• 12.9 Changes to the leasing standards
• Summary
• Discussion questions
• Exercises
• Academic perspective
• 13 Intangible assets
• Introduction
• 13.1 The nature of intangible assets
• 13.2 Recognition and initial measurement
• 13.3 Measurement subsequent to initial recognition
• 13.4 Retirements and disposals
• 13.5 Disclosure
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 14 Business combinations
• 14.1 The nature of a business combination
• 14.2 Accounting for a business combination — basic principles
• 14.3 Accounting in the records of the acquirer
• 14.4 Recognition and measurement of assets acquired and liabilities assumed
• 14.5 Goodwill and gain on bargain purchase
• 14.6 Shares acquired in the acquiree
• 14.7 Accounting in the records of the acquiree
• 14.8 Subsequent adjustments to the initial accounting for a business combination
• 14.9 Disclosure — business combinations
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 15 Impairment of assets
• 15.1 Introduction to IAS 36
• 15.2 When to undertake an impairment test
• 15.3 Impairment test for an individual asset
• 15.4 Cash-generating units — excluding goodwill
• 15.5 Cash-generating units and goodwill
• 15.6 Reversal of an impairment loss
• 15.7 Disclosure
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• Online chapter A Exploration for and evaluation of mineral resources
• Online chapter B Agriculture
• Part 3 PRESENTATION AND DISCLOSURES
• 16 Financial statement presentation
• Introduction
• 16.1 Components of financial statements
• 16.2 General principles of financial statements
• 16.3 Statement of financial position
• 16.4 Statement of profit or loss and other comprehensive income
• 16.5 Statement of changes in equity
• 16.6 Notes
• 16.7 Accounting policies, changes in accounting estimates and errors
• 16.8 Events after the reporting period
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 17 Statement of cash flows
• Introduction and scope
• 17.1 Purpose of a statement of cash flows
• 17.2 Defining cash and cash equivalents
• 17.3 Classifying cash flow activities
• 17.4 Format of the statement of cash flows
• 17.5 Preparing a statement of cash flows
• 17.6 Other disclosures
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 18 Operating segments
• 18.1 Objectives of financial reporting by segments
• 18.2 Scope
• 18.3 A controversial standard
• 18.4 Identifying operating segments
• 18.5 Identifying reportable segments
• 18.6 Applying the definition of reportable segments
• 18.7 Disclosure
• 18.8 Applying the disclosures in practice
• 18.9 Results of the post-implementation review of IFRS 8
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• 19 Other key notes disclosures
• Introduction
• 19.1 Related party disclosures
• 19.2 Earnings per share
• Summary
• Discussion questions
• References
• Exercises
• Academic perspective
• Part 4 ECONOMIC ENTITIES
• 20 Consolidation: controlled entities
• Introduction
• 20.1 Consolidated financial statements
• 20.2 Control as the criterion for consolidation
• 20.3 Preparation of consolidated financial statements
• 20.4 Business combinations and consolidation
• 20.5 Disclosure
• Summary
• Discussion questions
• Exercises
• 21 Consolidation: wholly owned subsidiaries
• 21.1 The consolidation process
• 21.2 Consolidation worksheets
• 21.3 The acquisition analysis: determining goodwill or bargain purchase
• 21.4 Worksheet entries at the acquisition date
• 21.5 Worksheet entries subsequent to the acquisition date
• 21.6 Revaluations in the records of the subsidiary at acquisition date
• 21.7 Disclosure
• Summary
• Discussion questions
• Exercises
• 22 Consolidation: intragroup transactions
• Introduction
• 22.1 Rationale for adjusting for intragroup transactions
• 22.2 Transfers of inventory
• 22.3 Intragroup services
• 22.4 Intragroup dividends
• 22.5 Intragroup borrowings
• Summary
• Discussion questions
• Exercises
• 23 Consolidation: non-controlling interest
• 23.1 Non-controlling interest explained
• 23.2 Effects of an NCI on the consolidation process
• 23.3 Calculating the NCI share of equity
• 23.4 Adjusting for the effects of intragroup transactions
• 23.5 Gain on bargain purchase
• Summary
• Discussion questions
• Exercises
• 24 Translation of the financial statements of foreign entities
• 24.1 Translation of a foreign subsidiary’s statements
• 24.2 Functional and presentation currencies
• 24.3 The rationale underlying the functional currency choice
• 24.4 Identifying the functional currency
• 24.5 Translation into the functional currency
• 24.6 Changing the functional currency
• 24.7 Translation into the presentation currency
• 24.8 Consolidating foreign subsidiaries — where local currency is the functional currency
• 24.9 Consolidating foreign subsidiaries — where functional currency is that of the parent entity
• 24.10 Net investment in a foreign operation
• 24.11 Disclosure
• Summary
• Discussion questions
• References
• Exercises
• Online chapter C Associates and joint ventures
• Online chapter D Joint arrangements
• Glossary
• Index
• EULA