IFRS Policies and Procedures (or, Implementation) Guide includes chapters on all aspects of annual and interim financial reporting, including such matters as segment reporting, accounting changes and correction of errors, use of revaluations for long lived tangible and intangible assets and investment property, revenue recognition, and specialized industry rules. All current IAS, IFRS, SIC and IFRIC guidance is addressed in depth.
Book Details:
- Author: Barry J. Epstein
- ISBN: 9780470275924
- Year Published: 2008
- Pages: 480
- BISAC: BUS001050, BUSINESS & ECONOMICS/Accounting / Standards (GAAP, IFRS, etc.)
About the Book and Topic:
IFRS Policies and Procedures (or, Implementation) Guide includes chapters on all aspects of annual and interim financial reporting, including such matters as segment reporting, accounting changes and correction of errors, use of revaluations for long lived tangible and intangible assets and investment property, revenue recognition, and specialized industry rules. All current IAS, IFRS, SIC and IFRIC guidance is addressed in depth.
This implementation guide is designed to be used with any IFRS product. Each chapter contains definitions and concepts that address the most common IFRS issues. A decision tree for each accounting rule is included offering several alternatives available to the user. The intent is to clarify the correct accounting treatment for a given situation. There are sets of examples intended to further clarify the proper accounting treatment. Each chapter includes implementations with sections describing the appropriate policies, procedures, controls, forms, reports, journal entries and record keeping requirements needed to fully convert IFRS into an operational concept within a companys accounting system.
Not a competitor to Wiley IFRS. Instead the book is designed to be used with Epstein/Wiley IFRS annual or any IFRS text. Includes current content on all IFRS and IFRIC pronouncements through Fall 2006 Provides practical insights and everyday guidance to all areas of bookkeeping, accounting, and financial statement preparation in conformity with International Financial Reporting Standards. Shows how to convert IFRS rules into an operational implementation, including related policies and procedures, controls, forms, and record keeping requirement. Designed to use with any IFRS product Includes definitions and concepts that address the most common IFRS issues Includes a decision tree for each accounting rule, offering several alternatives.
About the Author
Barry J. Epstein, Ph.D., CPA, a leading testifying accounting and auditing expert, is co- author of Wiley IFRS, and Wiley GAAP annual publications. He is a partner in the Chicago firm Russell Novak experience as auditor, technical director/partner for several national and local firms and regularly serves as an accounting, auditing, financial reporting and financial analysis expert in litigation matters, including assignments for both the private sector entities and governmental agencies. Eva K. Jermakowicz, Ph.D., CPA, is co-author of Wiley IFRS and a leading consultant to international organizations and businesses. She is a frequent speaker at international venues and has taught accounting for twenty five years. She is currently Professor of Accounting and Chair of the Accounting and Business Law Department at Tennesse State University.