This is the definitive global guide to IFRS. It provides practical guidance on all IFRSs issued by the Accounting Standards Board (IASB) and comprises the following 3 volumes:
1. Manual of accounting: IFRS 2012
PwC’s Manual of accounting: IFRS 2012 is a practical guide to International Financial Reporting Standards (IFRS) providing comprehensive guidance on the IFRSs issued by the International Accounting Standards Board (IASB). The manual contains straightforward explanations on how to prepare financial statements in accordance with IFRS.
It includes hundreds of practical worked examples and extracts from company reports that illustrate how even the most complex calculations and disclosures should be made. Written by PwC’s Global accounting Consulting Services team, the manual is full of insights based on PwC’s IFRS experience around the world.
Key changes in this new edition include:
• New chapters on the new standards published in 2011, including those on consolidated financial statements, joint arrangements, separate financial statements, associates and joint ventures, fair value measurement and employee benefits.
• IASB practice statement on Management commentary.
• Guidance on IASB amendments to IFRS 1 on hyperinflation; to IAS 12 on deferred tax and to IAS 1 on other comprehensive income (OCI)
• Conceptual Framework 2010
• Annual Improvements 2010
• IFRIC agenda decisions
• New extracts and examples
2. Manual of accounting: Financial Instruments 2012
Accounting for financial instruments is one of the most complex and taxing areas on accounting today that needs to be understood by all practicing accountants. The International Financial Reporting Standards that govern this area of accounting are often difficult to understand and interpret. PwC’s Manual of Accounting - Financial Instruments 2012 is a thoroughly comprehensive, clearly explained and informative guide to these standards.
It contains practical worked examples and extracts from company financial statements that help to illustrate the explanations.
Key changes in this new edition include:
• IFRS 9 – including aspects on liabilities issued in November 2010
• Consequential amendments of IFRS 9
• IASB amendment to IFRS 7, ‘Financial instruments: Presentation’, on derecognition
• Annual improvements 2010
• IFRIC agenda decisions
• New extracts from accounts and examples
This book draws on the combined expertise and experience of financial instrument specialists in PWC’s Global Accounting Consulting Services team. It will be of particular interest to preparers and users of IFRS financial statements and others who require a detailed knowledge of financial instruments accounting. Analysts, academics and students will also find it a valuable reference tool.
3. Illustrative IFRS Corporate Consolidated Financial Statements for 2011 Year Ends
This publication provides an illustrative set of consolidated financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), for a fictional manufacturing, wholesale and retail group (IFRS GAAP plc). IFRS GAAP plc is an existing preparer of IFRS consolidated financial statements.
This publication is based on the requirements of IFRS standards and interpretations for financial years beginning on or after 1 January 2012.
Areas in which presentation has changed significantly since 2011 are highlighted. It includes an appendix providing illustrative financial statements relating to IFRS 9 and first-time adoption.
The latest edition also includes appendices on:
• Agricultural assets
• IFRSs 10 and 11
• IFRS 13 and
