Wiley International Trends in Financial Reporting under IFRS: Including Comparisons with US GAAP, Chinese GAAP, and Indian GAAP

Contents

Preface

Acknowledgments

About the Authors

About the Contributors

Section I: Introduction to IFRS and IASB Framework

Chapter 1: Introduction to International Financial Reporting Standards

1. One Globalized World, One Set of Accounting Standards: Ready Or Not

2. What Are International Financial Reporting Standards?

3. First Steps Toward International Accounting and Global Standard Setting

4. Standards Promulgated By the IASC Interpretations Committee That Are Still in Force

5. Emergence of the International Accounting Standards Board

6. Governance and Structure of the IASC Foundation, Monitoring Board, IFRS Advisory Council, IASB, and the IFRS Interpretations Committee

7. Global Outreach and Acceptance of IFRS Across Borders

8. Favorable and Historic Breakthroughs in the United States

9. The Way Forward

Chapter 2: IASB Framework for the Preparation and Presentation of Financial Statements

1. Objective

2. Synopsis of the IASB Framework

3. Future Developments

Section II: Presentation of Financial Statements

Chapter 3: Presentation of Financial Statements (IAS 1)

1. Objective

2. Synopsis of the Standard

3. Other Disclosures (Per IAS 1)

4. SIC 29, Service Concession Arrangements: Disclosures

5. IFRIC 2, Members’ Shares in Co-Operative Entities and Similar Instruments

6. IFRIC 17, Distribution of Non-Cash Assets to Owners

Extracts From Published Financial Statements

BAE Systems

Danske Bank Group

Notes to the Financial Statements

Chapter 4: Statement of Cash Flows (IAS 7)

1. Objective ...