IFRS For Dummies  (English, Paperback, Collings Steven)

The easy way to get a grip on International Reporting Standards

IFRS For Dummies is your complete introduction to IFRS and international accounting and balancing standards. Combining all the facts needed to understand this complex subject with useful examples, this easy-to-read guide will have you on top of IFRS in no time.

In plain English, it helps you make sense of IFRS and your understanding of: what they are and where they apply; how to adopt IFRS for the first time; how IFRS affects the key components of your financial statements; how to disclose information in financial statements; and much more.

• Covers what to do if you're applying IFRS for the first time
• Explains complicated material in plain English
• Helps you make sense of this principles-based set of standards that establish broad rules for financial reporting

If you're an accountant, student, or trainee in need of accessible information on IFRS, this hands-on, friendly guide has you covered.

About The Author
Steve Collings is Audit and Technical Director for Leavitt Walmsley Associates Ltd. Steve has written extensively for AccountingWEB.co.uk and is the author of Interpretation and Application of International Standards on Auditing, also published by Wiley. In 2011, Steve was named Accounting Technician of the Year at the British Accountancy Awards.

Table Of Contents
Introduction
Part I: Concepts and Basic Standards
Chapter 1: Introducing IFRS
Chapter 2: Getting to Grips with Some Basic IFRS
Chapter 3: Taking the Plunge: Adopting IFRS for the First Time
Part II: Looking at the Key Components of Financial Statements
Chapter 4: Accounting for Assets
Chapter 5: Looking at Assets You Don’t See Every Day
Chapter 6: Accounting for Liabilities
Chapter 7: Examining Liabilities You Don't See Every Day
Chapter 8: Accounting for Revenue
Chapter 9: Accounting for Equity
Part III: Consolidating and Investing
Chapter 10: Getting Your Head Around the Basics of Consolidation
Chapter 11: Getting to Grips with More Complex Consolidation Issues
Chapter 12: Tackling Associates
Chapter 13: Juggling Joint Ventures
Part IV: Disclosing Information in the Financial Statements
Chapter 14: Reporting Related Parties
Chapter 15: Skilfully Segmenting Information
Chapter 16: Easing into Earnings per Share
Part V: The Part of Tens
Chapter 17: Ten Pitfalls to Avoid
Chapter 18: Ten Disclosure Requirements Under IFRS
Chapter 19: Ten Future Developments in IFRS
Part VI: Appendixes
Appendix A: Sources of Guidance
Appendix B: IFRS for SMEs
Appendix C: Glossary
Index