KPMG's Insights into IFRS 2014/2015 Practical Guide To International Financial Reporting Standards, 11th EditIon

Author: KPMG
Publisher: Sweet & Maxwell U.K.
ISBN: 9780414035423
Published In: September 2014
Format: Hardback (2 volumes) , 2140 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

The 11th edition of Insights into IFRS provides up-to-date information based on KPMG member firms’ experience of applying IFRS around the world. It addresses many interpretative issues and helps you to apply IFRS to real transactions and arrangements.

This edition covers standards in issue at 1 July 2014 that apply to an annual period beginning on 1 January 2014 – bringing you the Insights into IFRS that you need to deal with IFRS today and prepare for IFRS tomorrow.

COVERAGE

Current IFRS requirements
Forthcoming requirements – i.e. new requirements that are not yet compulsory but that will be soon; helps businesses to anticipate and prepare for the change
Future developments – high-level anticipation of possible future changes, to help businesses with their longer-term anticipation and planning
General issues such as business combinations and fair value measurement
Specific items in the statement of financial position and statement of profit or loss and OCI
Special topics such as leases
Issues relevant to those making the transition to IFRS
Financial instruments
Insurance contracts
Appendix of currently effective and forthcoming requirements
Appendix showing where to find content that was in the previous edition but that has moved (table of concordance)
Appendix of examples

NEW FOR THIS EDITION

New revenue requirements
New financial instruments requirements (IFRS 9 (2013)), including the new requirements for hedge accounting
New requirements for regulatory deferral accounts for first-time adopters of IFRS
Updated guidance throughout – reflecting changes over the past year, developing practice etc
Overhauled chapter on share-based payments – e.g. splitting basic and complex issues and more examples showing practical application
Overhauled chapter on earnings per share

IN PRACTICE

Emphasises the application of IFRS in practice
Explains the conclusions that KPMG has reached on many interpretative issues
Is based on actual questions that have arisen in practice around the world – i.e. ‘real life’ application, not theory
Includes many illustrative examples to elaborate or clarify the practical application
Includes an index of examples, for easy reference

About this publication
Abbreviations
Acknowledgements

Background