Intermediate Financial Reporting: An IFRS Perspective explains the financial reporting concepts, accounting treatments and requirements, and preparation and presentation of financial statements encountered at the corporate or individual entity level by using the most updated international financial reporting standards (IFRSs). This book also contains several illustrative examples and real-life cases to help readers digest and understand the IFRS. The real-life cases are sourced from those countries and places that have adopted or permitted the use of IFRS, including Australia, China, Finland, France, Germany, Hong Kong, Italy, the Netherlands, Singapore, the United Kingdom and some emerging markets such as the Russian Federation.

About the Authors

Preface

Part I Conceptual and Regulatory Framework
1 Financial Reporting and International Financial Reporting Standards
2 Framework for International Financial Reporting

Part II Elements of Financial Statements - Assets
3 Property, Plant and Equipment
4 Leases
5 Investment Property
6 Intangible Assets
7 Borrowing Costs
8 Impairment of Assets
9 Inventories
10 Construction Contracts

Part III Elements of Financial Statements - Liabilities, Equity, Income and Expenses
11 Revenue
12 Employee Benefits
13 Income Taxes
14 Provisions and Contingencies

Part IV Financial Instruments
15 Financial Instruments - Introduction
16 Financial Assets
17 Financial Liabilities and Derecognition
18 Financial Instruments: Presentation and Disclosure

Part V Presentation of Financial Statements and Related Topics
19 Presentation of Financial Statements
20 Accounting Policies, Changes in Accounting Estimates and Errors
21 Events after the Reporting Period
22 Non-current Assets Held for Sale and Discontinued Operations
23 The Effects of Changes in Foreign Exchange Rates
24 Statement of Cash Flows

Index