Applying IFRS Standards - Ruth (Ernst - Bog

Comprehensive resource explaining the IFRS Standards and teaching the skills required to use them in practice Written in collaboration with Ernst & Young, this fully updated Fifth Edition of Applying IFRS Standards is designed to meet the needs of accountancy students and practitioners in understanding the complexities of IFRS Standards. Beginning with an overview of the International Accounting Standards Board (IASB) and how it establishes accounting standards, the book goes on to explain the key concepts and applications of IFRS Standards, using a wealth of insights and examples sourced from across the international business world and addressing the skills needed to apply the standards in business environments. In addition to a comprehensive factual breakdown of the IFRS Standards, each chapter in the first three parts of the book is accompanied by an academic perspective, which offers readers critical interpretations designed to bring further context. Discussion questions, exercises and references are provided throughout the book. Companion websites contain additional chapters, instructor slides and test banks, additional exercises, a solutions manual, and access to IFRS Learning Resources. Applying IFRS Standards includes information on: Fair value measurement, revenue from contracts with customers, income taxes, financial instruments, share-based payments, inventories, and employee benefitsProperty, plant, and equipment, leases, intangible assets, business combinations, impairment of assets, and financial statement presentationsStatement of cash flows, operating segments, and consolidation in controlled entities, intragroup transactions, and non-controlling interestsQualitative characteristics of useful financial information, going concern assumptions Applying IFRS Standards is an essential learning resource on the subject for students and early-career accounting professionals and serves as a useful reference for established accounting professionals.