International financial reporting : a practical guide / / Alan Melville, FCA, BSc, Cert. Ed

• Autore: Melville Alan
• Pubblicazione: Harlow, England : , : Pearson, , 2015; ©2015
• Edizione: Fifth edition.
• Descrizione fisica: 1 online resource (500 pages)
• Disciplina: 657/.3
• Soggetto topico: Financial statements; Accounting - Standards
• Note generali: Includes index.
• Nota di contenuto: Cover -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgements -- List of international standards -- Part 1 Introduction to Financial Reporting -- 1 The regulatory framework -- The need for regulation -- Sources of regulation -- Generally accepted accounting practice -- The International Accounting Standards Board (IASB) -- The standard-setting process -- The purpose of accounting standards -- Worldwide use of international standards -- First-time adoption of internationalc standards -- 2 The IASB conceptual framework -- Purpose and scope of the IASB Conceptual Framework -- Objective of general purpose financial reporting -- Qualitative characteristics of financial information -- Underlying assumption -- Elements of financial statements -- Recognition of the elements of financial statements -- Measurement of the elements of financial statements -- Concepts of capital and capital maintenance -- Discounting and present value -- 3 Presentation of financial statements -- Purpose of financial statements -- Components of financial statements -- General features -- Structure and content of financial statements -- The statement of financial position -- The statement of comprehensive income -- The statement of changes in equity -- The notes to the financial statements -- Interim financial reporting -- Management commentary -- 4 Accounting policies, accounting estimates and errors -- Accounting policies -- Accounting estimates -- Prior period errors -- Part 2 Financial Reporting in Practice -- 5 Property, plant and equipment -- Definition of property, plant and equipment -- Recognition of property, plant and equipment -- Initial measurement of property, plant and equipment -- Subsequent measurement of property, plant and equipment -- Depreciation -- Disclosure requirements -- Borrowing costs -- Government grants -- Investment property. ; IFRS13 Fair Value Measurement -- 6 Intangible assets -- Definition of an intangible asset -- Initial recognition and measurement of intangible assets -- Subsequent measurement of intangible assets -- Amortisation of intangible assets -- Derecognition -- Disclosure requirements -- Goodwill -- IFRS3 Business Combinations -- 7 Impairment of assets -- Indications of impairment -- Recoverable amount -- Recognition and measurement of an impairment loss -- Cash-generating units -- Reversal of impairment losses -- Disclosure requirements -- 8 Non-current assets held for sale and discontinued operations -- Classification of non-current assets as held for sale -- Measurement of non-current assets held for sale -- Presentation of non-current assets held for sale -- Discontinued operations -- 9 Leases -- Classification of leases -- Accounting for operating leases -- Accounting for finance leases -- Disclosure requirements -- Proposed new leases standard -- 10 Inventories -- Inventories -- Cost of inventories -- Cost formulas -- Net realisable value -- Disclosures relating to inventories -- 11 Financial instruments -- Definitions -- Classification of financial instruments -- Recognition and measurement -- Initial measurement -- Subsequent measurement of financial assets (IFRS9) -- Subsequent measurement of financial assets (IAS39) -- The effective interest method -- Subsequent measurement of financial liabilities -- Disclosure requirements -- 12 Provisions and events after the reporting period -- Recognition of a provision -- Measurement of a provision -- Application of the recognition and measurement rules -- Contingent liabilities and contingent assets -- Disclosure requirements -- Events after the reporting period -- 13 Revenue from contracts with customers -- Purpose and scope of IFRS15 -- The five-step model -- Identifying the contract. ; Identifying performance obligations -- Determining the transaction price -- Allocating the transaction price -- Satisfaction of performance obligations -- Contract costs -- Presentation and disclosure -- Guidance to the application of IFRS15 -- 14 Employee benefits -- Short-term employee benefits -- Post-employment benefits -- Accounting for defined contribution plans -- Accounting for defined benefit plans -- Other long-term employee benefits -- Termination benefits -- 15 Taxation in financial statements -- Current tax -- Deferred tax -- The tax base concept -- IAS12 requirements with regard to deferred tax -- Disclosure requirements -- 16 Statement of cash flows -- Cash and cash equivalents -- Classification of cash flows by activity -- Interest, dividends and taxes -- Reporting cash flows from operating activities -- Disclosures -- 17 Financial reporting in hyperinflationary economies -- Historical cost accounting and its weaknesses -- Strengths of historical cost accounting -- Alternatives to historical cost accounting -- Hyperinflationary economies -- The restatement of financial statements -- Disclosures required by IAS29 -- Part 3 Consolidated Financial Statements -- 18 Groups of companies (1) -- Requirement to prepare consolidated financial statements -- Group statement of financial position at date of acquisition -- Group statement of financial position in subsequent years -- Partly-owned subsidiaries -- Preference shares -- Elimination of intra-group balances -- Unrealised profits -- Reporting period and accounting policies -- Disclosure requirements -- 19 Groups of companies (2) -- Group statement of comprehensive income -- Group statement of changes in equity -- Subsidiary acquired part way through an accounting period -- 20 Associates and joint arrangements -- Associates and significant influence -- The equity method. ; Application of the equity method -- Joint arrangements -- Disclosure requirements -- 21 Related parties and changes in foreign exchange rates -- Related parties -- Definition of related party and related party transaction -- Disclosures required by IAS24 -- Foreign exchange accounting -- Reporting foreign currency transactions -- Translation to a presentation currency -- Part 4 Analysis of Financial Statements -- 22 Ratio analysis -- Accounting ratios -- Profitability ratios -- Liquidity ratios -- Efficiency ratios -- Investment ratios -- Limitations of ratio analysis -- Multivariate ratio analysis -- 23 Earnings per share -- Significance of EPS -- Calculation of basic EPS -- Shares issued during the accounting period -- Bonus issues -- Rights issues -- Calculation of diluted EPS -- Presentation and disclosure requirements -- 24 Segmental analysis -- Operating segments -- Reportable segments -- Disclosures required by IFRS8 -- Part 5 Small and Medium-sized Entities -- 25 The IFRS for SMEs -- Contents of the IFRS for SMEs -- Small and medium-sized entities -- Concepts and pervasive principles -- Financial statement presentation -- Statement of financial position -- Statement of comprehensive income and income statement -- Statement of changes in equity and statement of income and retained earnings -- Statement of cash flows -- Notes to the financial statements -- Consolidated and separate financial statements -- Accounting policies, estimates and errors -- Financial instruments -- Inventories -- Investments in associates -- Investments in joint ventures -- Investment property -- Property, plant and equipment -- Intangible assets other than goodwill -- Business combinations and goodwill -- Leases -- Provisions and contingencies -- Liabilities and equity -- Revenue -- Government grants -- Borrowing costs -- Share-based payment -- Impairment of assets. ; Employee benefits -- Income tax -- Foreign currency translation -- Hyperinflation -- Events after the end of the reporting period -- Related party disclosures -- Specialised activities -- Transition to the IFRS for SMEs -- Topics not covered in the IFRS for SMEs -- Part 6 Answers -- Answers to exercises -- Index.
• Sommario/riassunto: INTERNATIONAL FINANCIAL REPORTING: A Practical Guide "If the accounting student was only to purchase one textbook in their student lives then it should without a doubt be Melville's International Financial Reporting" Raymond Holly, Galway-Mayo Institute of Technology (Ireland) With more than 120 countries in the world now using international financial reporting standards (IFRS), knowledge of the standards issued by the International Accounting Standards Board (IASB) is vital to students' success in financial accounting. Melville's International Financial Reporting employs a practical, applied approach in exploring and explaining the key international standards. With a focus on how to implement the standards, this text delivers a focused, user-friendly introduction to international financial reporting. Renowned for clear and concise language, this fifth edition brings the book completely up-to-date with international standards issued as of 1 January 2015. Key features Unique practical approach Class-tested by professional and degree students Worked examples with solutions in every chapter Chapter-end exercises featuring questions from past exam papers of key professional accountancy bodies Visit www.pearsoned.co.uk/melville for our suite of resources to accompany this textbook, including a complete solutions guide, PowerPoint slides for each chapter and opportunities for extra practice. Alan Melville FCA BSc Cert Ed. is a best-selling author. Previously a Senior Lecturer at Nottingham Trent University, he has many years' experience of teaching accounting and financial reporting. &nbsp.
• Titolo autorizzato: International financial reporting
• ISBN: 1-292-08628-9; 9781292086286
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910153251503321
• Lo trovi qui: Univ. Federico II