The impact of IFRS on industry / Mohan R. Lavi.

Format:

Book

Author/Creator:

Lavi, Mohan R., author.

Series:

Wiley Regulatory Reporting

Wiley regulatory reporting

Language:

English

Subjects (All):

Financial statements--Standards--Handbooks, manuals, etc.

Financial statements.

Accounting--Standards--Handbooks, manuals, etc.

Accounting.

Physical Description:

1 online resource (309 p.)

Edition:

1st ed.

Place of Publication:

Chichester, England : Wiley, 2016.

Language Note:

English

Summary:

"The industry-specific guide to IFRS interpretation and application One of the biggest challenges of any reporting standard is how best to interpret and implement it in the context of a specific company or industry, given that each industry has its own intricacies and nuances. The Impact of IFRS on Industry provides specific guidance on applying IFRS in a diverse range of sectors. Opening with an overview of IFRS, including a summary of all the standards, the book goes on to provide detailed coverage of the standards that can impact all industries, including IAS-40, IFRS 1, and IFRS 5. Thereafter, it offers practical advice and guidance on the application of IFRS in specific industries, including automotive; oil and gas; bio-sciences; infrastructure; airlines; media and communications; government-owned entities; mining; software; banking and financial services; insurance; FMCG; shipping; pharmaceuticals; telecoms; real estate and construction; power; SMEs; retail; e-commerce; and the service sector. The book concludes with a discussion on the collateral impact of implementing IFRS and how forthcoming IFRS Standards could impact specific industries. Worked examples are used throughout to demonstrate how the standards are applied in practice. Understand the IFRS standards comprehensively Learn which standards impact all industries Examine the ways in which IFRS is applied in practice See how different standards are applied in specific industries Suitable as a quick reference or a comprehensive guide, The Impact of IFRS on Industry gives you the real-world IFRS answers you need"-- Provided by publisher.

Contents:

Title Page; Copyright; Table of Contents; Preface; Acknowledgements; Chapter 1: Introduction: The Background and Evolution of IFRS, and a Discussion on Why IFRS Would Have an Impact on Industry; 1.1 Rule-based vs. Principle-based Standards; 1.2 The Norwalk Agreement; Chapter 2: Summary of Disclosures Under IFRS Standards; 2.1 IFRS 3 Business Combinations; 2.2 IFRS 4 Insurance Contracts; 2.3 IFRS 5 Non-Current Assets Held for Sale; 2.4 IFRS 6 Evaluation and Exploration of Mineral Resources; 2.5 IFRS 7 Financial Instruments: Disclosures; 2.6 IFRS 8 Segment Reporting

2.7 IFRS 10 Consolidated Financial Statements2.8 IFRS 13 Fair Value Measurement; 2.9 IFRS 14 Regulatory Deferral Accounts; 2.10 IFRS 15 Revenue from Contracts with Customers; 2.11 IAS 2 Inventories; 2.12 IAS 3 Cash Flow Statements; 2.13 IAS 10 Events After the Reporting Date; 2.14 IAS 11 Construction Contracts; 2.15 IAS 12 Income Taxes; 2.16 IAS 16 Property, Plant and Equipment; 2.17 IAS 17 Leases; 2.18 IAS 18 Revenue; 2.19 IAS 19 Employee Benefits; 2.20 IAS 20 Government Grants; 2.21 IAS 21 The Effects of Foreign Currency; 2.22 IAS 23 Borrowing Costs; 2.23 IAS 24 Related Party Disclosures

2.24 IAS 26 Accounting and Reporting by Retirement Benefit Plans2.25 IAS 27 Separate Financial Statements; 2.26 IAS 29 Accounting in Hyperinflationary Economies; 2.27 IAS 33 Earnings Per Share; 2.28 IAS 36 Impairment of Assets; 2.29 IAS 37 Provisions; 2.30 IAS 38 Intangible Assets; 2.31 IAS 40 Investment Property; 2.32 IAS 41 Agriculture; Chapter 3: IFRS Standards that Could Impact All Industries; 3.1 IFRS 1 - First-time Conversion to International Financial Reporting Standards; 3.2 IAS 36 Impairment of Assets; 3.3 IAS 40 Investment Property; 3.4 IFRS 3 Business Combinations

3.5 IFRS 5 Non-Current Assets Held for Sale3.6 IFRS 8 Operating Segments; 3.7 IFRS 13 Fair Value Measurement; 3.8 IAS 39/IFRS 9 Financial Instruments; 3.9 IFRS 10 Consolidated Financial Statements; 3.10 IFRS 15 Revenue from Contracts with Customers; Chapter 4: The Impact of IFRS Standards on Specific Industries; 4.1 Airlines; 4.2 Agriculture; 4.3 Automotive; 4.4 Banking; 4.5 Family Controlled Enterprises (FCEs); 4.6 Fast-Moving Consumer Goods (FMCG); 4.7 Government Owned Industry; 4.8 Insurance; 4.9 Pharmaceuticals; 4.10 Private Equity; 4.11 Real Estate and Infrastructure; 4.12 Oil and Gas

4.13 Media4.14 Mining; 4.15 Retail; 4.16 Telecom; 4.17 Services; 4.18 Shipping; 4.19 Small and Medium Enterprises; 4.20 Software and Information Technology; Chapter 5: Forthcoming IFRS Standards That Could Impact Industry; 5.1 IFRS 16 Leases; 5.2 IFRS 4 Insurance Contracts; 5.3 SMEs; 5.4 Framework; 5.5 Other Major Projects; Chapter 6: Collateral Impact of a Transition to IFRS; 6.1 Significant Assumptions and Judgement; 6.2 The Going Concern Concept; 6.3 Information Technology; 6.4 Costs; 6.5 Accounting Manual; 6.6 Taxes; 6.7 Presentation of Financial Statements

6.8 Impact of IFRS on Financial Ratios

Notes:

Includes index.

Description based on print version record.

ISBN:

9781119047551

1119047552

9781119170334

1119170338

9781119047483

111904748X

OCLC:

929332151