A Guide through IFRS 2014 (Green Book)

Author: International Accounting Standards Board (IASB)
Publisher: IFRS Foundation
ISBN: 9781909704527
Published In: September 2014
Format: Paperback (2 volumes) , 4448 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description

Details

A Guide through IFRS 2014:
Including the official pronouncements issued by the IASB as at 1 July 2014 with extensive cross-references and other annotations . Includes IFRSs® with an effective date after 1 July 2014 but not the IFRSs® they will replace.

New requirements since 1 July 2013:
• two new Standards—IFRS 14Regulatory Deferral Accounts; and IFRS 15 Revenue from Contracts with Customers and the associated withdrawal of IASs 11 and 18, IFRICs 13, 15 and 18 and SIC-31;
• IFRS 9 Financial Instruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39) added a new chapter on hedge accounting to IFRS 9, together with two other changes to IFRS 9 and consequential amendments to IFRS 7 and IAS 39;
• Annual Improvements to IFRSs 2010–2012 Cycle (which contained separate amendments to IFRSs 2, 3, 8 and 13 and IASs 16, 24 and 38);
• Annual Improvements to IFRSs 2011–2013 Cycle (which contained separate amendments to IFRSs 1, 3 and 13 and IAS 40);
• amendments to IFRS 11 and IASs 16, 19, 38 and 41; and
• related consequential amendments to other Standards and Interpretations.

What's the added education guidance?
This book is particularly useful to those applying, teaching or studying IFRS. Cross-references guide readers through IFRS and facilitate their understanding by providing the connection between:
- related IFRSs;
- IFRSs and their accompanying Illustrative Examples and Implementation Guidance; and
- IFRSs and the IASB's main considerations in reaching its conclusions (ie the Bases for Conclusions).
In addition, footnotes summarise technical issues considered but rejected by the IFRS Interpretations Committee.

This edition is presented in two volume parts:

Part A (the Conceptual Framework and requirements) contains the complete and up-to-date consolidated text, with extensive cross-references and other annotations, of International Financial Reporting Standards (IFRSs), International Accounting Standards (IASs), and IFRIC and SIC Interpretations; and
Part B contains the accompanying documents, such as Illustrative Examples, Implementation Guidance, Bases for Conclusions and Dissenting Opinions.