Insights Into IFRS


Book Description

Summary: "In Insights into IFRS, the KPMG International Financial Reporting Group lays out an overview of the requirements of IFRSs and provides extensive interpretative and application guidance based on KPMG member firms' in-depth experience working with clients on IFRS issues around the world. The 5th annual edition enables you to: Learn from ten years of research and hands-on experience of the KPMG International Financial Reporting Group -- Understand more clearly the practical issues of applying and interpreting IFRSs -- Use illustrative examples from around the world to avoid re-solving problems -- Readily identify and have solutions for issues that can arise on first-time adoption of IFRSs -- Benefit from having the requirements explained and discussed by topic -- Cross-reference topic areas with relevant standards and interpretations using the easy-to follow paragraph numbering -- Anticipate and understand the impact of forthcoming requirements and possible changes to requirements as a result of current IASB projects .The 2008/9 5th Edition of Insights into IFRS is based on standards in issue at 1 August 2008 that are mandatory for an annual period beginning on 1 January 2008. It also details the implications of standards and interpretations in issue at 1 August 2008 but not yet effective for annual periods beginning on 1 January 2008 and highlights areas of IFRSs that may change as a result of the ongoing projects of the IASB and IFRIC. KPMG International Financial Reporting Group is part of KPMG IFRG Limited."--Publisher description.




Insights Into IFRS


Book Description

Insights into IFRS: KPMG's practical guide to International Financial Reporting Standards is from the KPMG International Financial Reporting Group and Thomson. International Financial Reporting Standards (IFRSs) are the new global language of financial reporting. Insights into IFRS can be your guide to preparing and understanding financial statements that use IFRSs. In Insights into IFRS, the KPMG International Financial Reporting Group has laid out an overview of the requirements of IFRSs and provided extensive interpretative and application guidance based on seven years of experience working with IFRSs around the world. For ease of use, it is organised by topic to follow the structure of a set of financial statements and is cross-referenced extensively to the relevant standards and interpretations. It emphasises the application of IFRSs in practice and explains the conclusions reached by the KPMG International Financial Reporting Group on many interpretative issues. It is based on questions that have arisen around the world and includes many illustrative examples to clarify the application of the standards. of IFRSs. It is based on standards that were in issue at 1 August 2005 and that are mandatory for an annual period beginning on or after 1 January 2005. It also covers new standards that are not required for 2005 but will apply soon and highlights areas of IFRSs that may change as a result of the ongoing projects of the IASB and IFRIC. The KPMG International Financial Reporting Group is part of KPMG IFRG Limited. How Insights into IFRS can help you? Learn from seven years of research and hands-on experience of the KPMG International Financial Reporting Group. More clearly understand the practical issues of applying and interpreting IFRSs. Use illustrative examples from around the world to avoid re-solving problems. Readily identify issues that can arise on first-time adoption of IFRSs. Benefit from having the requirements explained and discussed by topic. Anticipate forthcoming requirements and possible changes to requirements as a result of IASB activity.







Insights Into IFRS


Book Description




Insights Into IFRS


Book Description

The premier reference work on the application of IFRSs The KPMG International Reporting Group has laid out an overview of the requirements of IFRSs and provided extensive interpretive and application guidance based on eight years of experience working with IFRSs around the world.




IFRS 2


Book Description




The Greenhouse Gas Protocol


Book Description

The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.




Extractive Activities


Book Description




Following the Money


Book Description

A Brookings Institution Press and American Enterprise Institute publication A few years ago, Americans held out their systems of corporate governance and financial disclosure as models to be emulated by the rest of the world. But in late 2001 U.S. policymakers and corporate leaders found themselves facing the largest corporate accounting scandals in American history. The spectacular collapses of Enron and Worldcom—as well as the discovery of accounting irregularities at other large U.S. companies—seemed to call into question the efficacy of the entire system of corporate governance in the United States. In response, Congress quickly enacted a comprehensive package of reform measures in what has come to be known as the Sarbanes-Oxley Act. The New York Stock Exchange and the NASDAQ followed by making fundamental changes to their listing requirements. The private sector acted as well. Accounting firms—watching in horror as one of their largest, Arthur Andersen, collapsed after a criminal conviction for document shredding—tightened their auditing procedures. Stock analysts and ratings agencies, hit hard by a series of disclosures about their failings, changed their practices as well. Will these reforms be enough? Are some counterproductive? Are other shortcomings in the disclosure system still in need of correction? These are among the questions that George Benston, Michael Bromwich, Robert E. Litan, and Alfred Wagenhofer address in Following the Money. While the authors agree that the U.S. system of corporate disclosure and governance is in need of change, they are concerned that policymakers may be overreacting in some areas and taking actions in others that may prove to be ineffective or even counterproductive. Using the Enron case as a point of departure, the authors argue that the major problem lies not in the accounting and auditing standards themselves, but in the system of enforcing those standards.




International GAAP 2021


Book Description

International GAAP 2021 International GAAP 2021 is a detailed guide to interpreting and implementing International Financial Reporting Standards (IFRS). By setting IFRS in a relevant business context, it provides insights on 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 IFRS. Written by EY financial reporting professionals from around the world, this three-volume guide to reporting under IFRS provides a global perspective on the application of IFRS. The book explains complex technical accounting issues clearly by setting IFRS 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. Volume 1 contains the following chapters and sections: International GAAP The IASB's Conceptual Framework Presentation of financial statements and accounting policies Non-current assets held for sale and discontinued operations First-time adoption Consolidated financial statements Consolidation procedures and non-controlling interests Separate and individual financial statements Business combinations Business combinations under common control Investments in associates and joint ventures Joint arrangements Disclosure of interests in other entities Fair value measurement Foreign exchange Hyperinflation Intangible assets Property, plant and equipment Investment property Impairment of fixed assets and goodwill Capitalisation of borrowing costs Inventories Index of extracts from financial statements for all three volumes Index of standards for all three volumes Index for all three volumes This book is printed on acid-free paper, responsibly manufactured from well-managed FSC-certified forests and other controlled sources. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, legal or other professional advice. Please refer to your advisors for specific advice. ey.com/igaap