International GAAP 2013: Generally Accepted Accounting Principles under International Financial Reporting Standards
- 27h 18m
- Bruce Mackenzie
- John Wiley & Sons (UK)
- 2013
International GAAP 2013 goes much further than explanation. It provides a comprehensive guide to interpreting and implementing IFRS, sets IFRS in a relevant business context and provides insights into how complex practical issues should be resolved in the real world of global financial reporting. This book is an essential tool for anyone applying, auditing, interpreting, regulating, studying or teaching international financial reporting.
Written by financial reporting professionals from the International Financial Reporting Group of Ernst & Young, this three-volume guide to reporting under IFRS provides a global perspective on the real-world interpretation and practical application of IFRS. Complex technical accounting issues are explained clearly and IFRS is set in a practical context with numerous worked examples and hundreds of illustrations from the published financial reports of major listed companies from around the world.
The 2013 edition of International GAAP has been fully revised and updated in order to:
- Address all new, revised and amended authoritative pronouncements and interpretations including, for many entities, the mandatory adoption in 2013 of IFRS 10 (Consolidated Financial Statements), IFRS 11 (Joint Arrangements), IFRS 12 (Disclosure of Interests in Other Entities), IFRS 13 (Fair Value Measurement) and IAS 19 Revised (Employee Benefits).
- Explain the many initiatives and discussions that are currently being pursued by the IASB and by the IFRS Interpretations Committee and the potential consequential changes to accounting requirements. In particular, projects on Financial Instruments, Revenue Recognition, Leases and Insurance Contracts may all significantly change current accounting practice.
- Provide insight and guidance from a truly global perspective on the many issues relating to the interpretation and practical application of IFRS, based on the extensive experience of the book’s authors in dealing with recent day-to-day practical issues.
About the Authors
Bruce Mackenzie, CA (SA), FCCA, RA, JSE Registered IFRS Advisor, is a member of the IASB Advisory Council and the IASB, SME Implementation Group (SMEIG). He is the managing partner at W Consulting (wconsulting.co.za), a global IFRS consulting and training company. He has held positions at Deloitte both in South Africa and the United Kingdom in the IFRS Centers of Excellence.
Danie Coetsee, CA (SA), is Professor of Accounting at the University of Johannesburg, specializing in financial accounting.
Tapiwa Njikizana, CA (SA), RA, JSE Registered IFRS Advisor, is a technical partner at W Consulting. After qualifying with Coopers & Lybrand, he spent time internationally with Ernst & Young and Anderson.
Raymond Chamboko, CA (SA), JSE Registered IFRS Advisor, is a technical partner at W Consulting. He was previously with Ernst & Young and SizweNtsalubaVSP where he handled accounting technical issues.
Blaise Colyvas, CA (SA), RA, is a technical director at W Consulting. He was previously the Head of Technical Accounting at an audit consultancy, and an audit manager with Grant Thornton.
Brandon Hanekom, CA (SA), is a technical manager at W Consulting. He completed his articles at RSM Betty & Dickson where he has gained 3 years public practice experience on audits for large listed companies, large privately owned groups, trusts, and various associations.
Edwin Selbst, CA (SA), RA, is a technical director at W Consulting. He heads up the Risk Management Division and was an audit partner with Crowe Horwath.
In this Book
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Introduction to International Financial Reporting Standards
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Conceptual Framework
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Presentation of Financial Statements
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Statement of Financial Position
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Statements of Profit or Loss and other Comprehensive Income, and Changes in Equity
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Statement of Cash Flows
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Accounting Policies, Changes in Accounting Estimates, and Errors
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Inventory
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Property, Plant and Equipment
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Borrowing Costs
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Intangible Assets
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Investment Property
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Impairment and Noncurrent Assets Held for Sale
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Consolidations, Joint Arrangements, Associates, and Separate Financial Statements
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Business Combinations
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Shareholders' Equity
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Share-Based Payment
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Current Liabilities, Provisions, Contingencies, and Events after the Reporting Period
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Employee Benefits
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Revenue Recognition, Including Construction Contracts
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Government Grants
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Leases
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Foreign Currency
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Financial Instruments
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Fair Value
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Income Taxes
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Earnings per Share
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Operating Segments
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Related-Party Disclosures
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Accounting and Reporting by Retirement Benefit Plans
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Agriculture
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Extractive Industries
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Accounting for Insurance Contracts
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Interim Financial Reporting
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Inflation and Hyperinflation
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First-Time Adoption of International Financial Reporting Standards
