11283nam a2200553 i 4500 000658199 MiAaPQ 20191111223305.0 m o d | cr cnu|||||||| 190517s2019 nju o 001 0 eng d NEZPRACOVANÝ IMPORT 9781119577355 9781119577324 (e-book) (MiAaPQ)EBC5763062 (Au-PeEL)EBL5763062 (OCoLC)1099790729 K1335 .A453 2019 651.30218 23 Alibhai, Salim, author. Wiley interpretation and application of IFRS standards / Salim Alibhai [and thirteen others]. Hoboken, NJ : Wiley, [2019] ©2019 1 online resource (999 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier Includes index. Description based on print version record. Electronic reproduction. Ann Arbor, MI : ProQuest, 2018. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries. Intro -- Wiley Interpretation and Application of IFRS Standards 2019 -- CONTENTS -- ABOUT THE AUTHORS -- 1 INTRODUCTION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS -- Introduction -- Origins and Early History of the IASB -- The Current Structure -- Process of IFRS Standard Setting -- Convergence: The IASB and Financial Reporting in the US -- The IASB and Europe -- Appendix A: Current International Financial Reporting Standards (IAS/IFRS) and Interpretations (SIC/IFRIC) -- Appendix B: Projects Completed Since Previous Issue (July 2017 to June 2018) -- Appendix C: IFRS for SMEs -- Definition of SMEs -- IFRS for SMEs is a Complete, Self-Contained Set of Requirements -- Modifications of Full IFRS made in IFRS for SMEs -- Disclosure Requirements under IFRS for SMEs -- Maintenance of the IFRS for SMEs -- SME Implementation Group -- Implications of the IFRS for SMEs -- Application of the IFRS for SMEs -- 2 CONCEPTUAL FRAMEWORK -- Introduction -- Conceptual Framework for Financial Reporting 2018 -- Structure -- Status and Purpose -- 1. The Objective of General Purpose Financial Reporting -- 2. Qualitative Characteristics of Useful Financial Information -- 3. Financial Statements and the Reporting Entity -- 4. The Elements of Financial Statements -- 5. Recognition and Derecognition -- 6. Measurement -- 7. Presentation and Disclosure -- 8. Concepts of Capital and Capital Maintenance -- Conceptual Framework for Financial Reporting 2010 -- Purpose and Status -- The Accounting Model -- The Objective of General-Purpose Financial Statements -- Qualitative Characteristics of Useful Financial Information -- The 1989 Framework: The Remaining Text -- Hierarchy of Standards -- IFRS Practice Statement 1 - Management Commentary -- Nature and Scope -- Principles -- Qualitative Characteristics -- Presentation -- Elements -- Future Developments. Disclosure. IFRS Practice Statement 1 - Management Commentary -- US GAAP Comparison -- 3 PRESENTATION OF FINANCIAL STATEMENTS -- Introduction -- Scope -- Definitions of Terms -- Financial Statements -- Objective -- Purpose of Financial Statements -- General Features -- Fair Presentation and Compliance with IFRSs -- Going concern -- Accrual basis of accounting -- Materiality and aggregation -- Offsetting -- Frequency of reporting -- Comparative information -- Consistency of presentation -- Structure and Content -- Complete Set of Financial Statements -- Notes -- Statement of compliance with IFRS -- Accounting policies -- Fairness exception under IAS 1 -- Other disclosures required by IAS 1 -- Future Developments -- Illustrative Financial Statements -- US GAAP Comparison -- 4 STATEMENT OF FINANCIAL POSITION -- Introduction -- Scope -- Definitions of Terms -- General Concepts, Structure and Content -- General Concepts -- Structure and Content -- Classification of Assets -- Current Assets -- Non-Current Assets -- Other Assets -- Classification of Liabilities -- Current Liabilities -- Non-Current Liabilities -- Offsetting Assets and Liabilities -- Classification of Shareholders' Equity -- Share Capital -- Retained Earnings -- Disclosure of Share Capital -- Future Developments -- US GAAP Comparison -- 5 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME, AND CHANGES IN EQUITY -- Introduction -- Future Developments -- Scope -- Definitions of Terms -- Elements of Financial Statements -- Other Terminology -- Concepts of Income -- Recognition and Measurement -- Income -- Expenses -- Gains and losses -- Statement of Profit or Loss and Other Comprehensive Income -- Presentation in the Profit or Loss Section -- Statement title -- Reporting period -- Comparative information -- Classification of expenses -- Aggregating items -- Offsetting items of income and expense. Other Comprehensive Income -- Reclassification Adjustments: An Example -- Statement of Changes in Equity -- US GAAP Comparison -- 6 STATEMENT OF CASH FLOWS -- Introduction -- Scope -- Definitions of Terms -- Background -- Benefits of Statement of Cash Flows -- Exclusion of Non-Cash Transactions -- Components of Cash and Cash Equivalents -- Presentation -- Classifications in the Statement of Cash Flows -- Reporting Cash Flows from Operating Activities -- Direct vs. indirect methods -- Other Requirements -- Gross vs. Net Basis -- Foreign Currency Cash Flows -- Cash Flow per Share -- Net Reporting by Financial Institutions -- Reporting Futures, Forward Contracts, Options and Swaps -- Reporting Extraordinary Items in the Statement of Cash Flows -- Reconciliation of Cash and Cash Equivalents -- Acquisitions and Disposals of Subsidiaries and Other Business Units -- Disclosure and Examples -- Other Disclosures Required or Recommended by IAS 7 -- Changes in Liabilities Arising from Financing Activities -- Consolidated Statement of Cash Flows -- US GAAP Comparison -- 7 ACCOUNTING POLICIES, CHANGES IN ACCOUNTING ESTIMATES, AND ERRORS -- Introduction -- Scope -- Definitions of Terms -- Importance of Comparability and Consistency in Financial Reporting -- Accounting Policy -- Selecting Accounting Policies -- Changes in Accounting Policies -- Applying changes in accounting policies -- Retrospective application -- Impracticability exception -- Changes in amortisation method -- Changes in Accounting Estimates -- Correction of Errors -- Impracticability exception -- Future Developments -- US GAAP Comparison -- 8 INVENTORIES -- Introduction -- Definitions of Terms -- Recognition and Measurement -- Basic Concept of Inventory Costing -- Ownership of Goods -- Goods in transit -- Consignment sales -- Right to return purchases -- Accounting for Inventories. Valuation of Inventories -- Joint products and by-products -- Direct costing -- Differences in inventory costing between IFRS and tax requirements -- Methods of Inventory -- Specific Identification -- First-In, First-Out (FIFO) -- Weighted-Average Cost -- Net Realisable Value -- Recoveries of previously recognised losses -- Other Valuation Methods -- Retail method -- Standard costs -- Disclosure Requirements -- Examples of Financial Statement Disclosures -- US GAAP Comparison -- 9 PROPERTY, PLANT AND EQUIPMENT -- Introduction -- Definitions of Terms -- Recognition and Measurement -- Property, Plant and Equipment -- Initial measurement -- Decommissioning cost included in initial measurement -- Changes in decommissioning costs -- Initial recognition of self-constructed assets -- Exchanges of assets -- Costs incurred subsequent to purchase or self-construction -- Depreciation of property, plant and equipment -- Depreciation Methods Based on Time -- Partial-year depreciation -- Depreciation method based on actual physical use-units of production method -- Residual value -- Useful lives -- Tax methods -- Leasehold improvements -- Revaluation of Property, Plant and Equipment -- Fair value -- Revaluation applied to all assets in the class -- Revaluation adjustments -- Initial revaluation -- Subsequent revaluation -- Methods of adjusting accumulated depreciation at the date of revaluation -- Deferred tax effects of revaluations -- Derecognition -- Disclosures -- Non-Monetary (Exchange) Transactions -- Non-reciprocal transfers -- Transfers of Assets from Customers -- Examples of Financial Statement Disclosures -- US GAAP Comparison -- 10 BORROWING COSTS -- Introduction -- Definitions of Terms -- Recognition and Measurement -- Capitalisation of Borrowing Costs -- When do we start capitalising? -- How much should we capitalise?. When do we suspend capitalisation? -- When do we cease capitalising borrowing costs? -- Costs in excess of recoverable amounts -- Disclosure requirements -- US GAAP Comparison -- 11 INTANGIBLE ASSETS -- Introduction -- Scope -- Definitions of Terms -- Recognition and Measurement -- Background -- Nature of Intangible Assets -- Recognition Criteria -- Identifiability -- Control -- Future economic benefits -- Measurement of the Cost of Intangibles -- Intangibles acquired through an exchange of assets -- Intangibles acquired at little or no cost by means of government grants -- Internally Generated Intangibles other than Goodwill -- Recognition of internally generated computer software costs -- Costs Not Satisfying the IAS 38 Recognition Criteria -- Subsequently Incurred Costs -- Measurement Subsequent to Initial Recognition -- Cost model -- Revaluation model -- Development costs as a special case -- Amortisation Period -- Customer lists -- Patents -- Copyrights -- Renewable licence rights -- Residual Value -- Periodic review of useful life assumptions and amortisation methods employed -- Impairment Losses -- Derecognition of Intangible Assets -- Website Development and Operating Costs -- Disclosures -- Example of Financial Statement Disclosure -- US GAAP Comparison -- 12 INVESTMENT PROPERTY -- Introduction -- Definitions of Terms -- Identification -- Apportioning property between investment property and owner-occupied property -- Property leased to a subsidiary or a parent company -- Interrelationship between IFRS 3 and IAS 40 -- Recognition and Measurement -- Recognition -- Subsequent expenditures -- Fair value vs. cost model -- Fair value model -- Inability to measure fair value reliably -- Cost model -- Transfers to or from investment property -- Disposal and retirement of investment property -- Presentation and Disclosure -- Presentation. International financial reporting standards. Financial statements Standards. elektronické knihy fd186907 czenas electronic books eczenas Print version: Alibhai, Salim. Wiley interpretation and application of IFRS standards. Hoboken, NJ : Wiley, c2019 999 pages 9781119577355 ProQuest (Firm) https://ebookcentral.proquest.com/lib/vsep/detail.action?docID=5763062 Plný text https://knihovna.vse.cz/zdroje/proquest-ebook-central/?info Informace o práci s e-knihami PQ-OWNED EB NEPOSILAT EB