Accounting Financial Reporting / IFRS / GAAP

International Financial Reporting: A Practical Guide, 4th Edition

By Alan Melville
Pearson U.K._ July 2013

Specifications

ISBN-13
9780273785972
Publisher
Pearson U.K._
Publication
July 2013
Format
Paperback , 512 pages
Jurisdiction
International ? Countri(es) for reference only

Details

This book provides a unique, practical introduction to the international standards, outlining how these standards are used on a daily basis by companies in the preparation of their financial statements. The author examines the recognition, measurement, presentation and disclosure requirements of each IFRS and IAS in a clear and concise way which makes a difficult set of standards comprehensible to even a novice student.

Features of the book include interpretive guidance, coverage of every key International Financial Reporting Standard (IFRS) and International Accounting Standard (IAS), together with an unparalleled level of student interactivity and assessment.

Examples and practice questions are provided throughout the book and in a new Companion Website developed for this 3rd edition to aid student understanding and to provide a framework for grasping the key aspects of this complex and fast-moving subject.

With more than 120 countries in the world now using international financial reporting standards (IFRS), knowledge of the standards issued by the International Accounting Standards Board (IASB) is vital to students’ success in financial accounting. Melville’s International Financial Reporting employs a practical, applied approach in exploring and explaining the key international standards. With a focus on how to implement the standards, this text delivers a focused, user-friendly introduction to international financial reporting.


Features:

  • Unique practical approach, combining theoretical and technical issues
  • Class-tested with both professional and degree students
  • Every chapter contains a variety of worked examples with solutions
  • Every chapter concludes with a set of exercises, some of which are drawn from the past examination papers of the key professional accountancy bodies
  • Comprehensive answers to most of the exercises are provided at the back of the book
  • Supporting website for lecturers to use, containing answers to the remaining exercises and PowerPoint slides for each chapter
  • Supporting student companion website which provides students with additional questions and the opportunity to practice applying the standards in a practical setting
  • Online supplement on the new and revised standards issued throughout 2011. This can be found on the open access student companion website


New to this Edition:

  • A comprehensive update in line with changes to IFRS/IAS from Jan 2011 to Jan 2013
  • Using real financial data in some examples (especially in the ratio analysis chapters of the book)
  • Improving the design of the book/making it more attractive to overseas markets
  • Adding to the bank of questions for students and lecturers, including one or more mock examinations for students to attempt (which including multi-topic questions/questions that span multiple chapters)

Table of Contents

Preface
Acknowledgements
List of international standards

PART 1: INTRODUCTION TO FINANCIAL REPORTING
1: The regulatory framework
2: The IASB conceptual framework
3: Presentation of financial statements
4: Accounting policies, accounting, estimates and errors

PART 2: FINANCIAL REPORTING IN PRACTICE
5: Property, plant and equipment
6: Intangible assets
7: Impairment of assets
8: Non-current assets held for sale and discontinued operations
9: Leases
10: Inventories and construction contacts
11: Financial instruments
12: Provision and events after the reporting period
13: Revenue
14: Employee Benefits
15: Taxation in financial statements
16: Statement of cash flows
17: Financial reporting in hyperinflationary economies

PART 3: CONSOLIDATED FINANCIAL STATEMENTS
18: Groups of companies (1)
19: Groups of companies (2)
20: Associates and joint ventures
21: Related parties and changes in foreign exchange rates

PART 4: ANALYSIS OF FINANCIAL STATEMENTS
22: Ratio analysis
23: Earnings per share
24: Segmental analysis

PART 5: SMALL AND MEDIUM SIZED BUSINESSES
25: The IFRS and SME's
25: The IFRS for SME's

PART 6: ANSWERS
Answers to exercises

About the Author

Alan Melville FCA BSc Cert Ed. is a best-selling author. Previously a Senior Lecturer at Nottingham Trent University, he has many years’ experience of teaching accounting and financial reporting.

Reviews

“Carlsberg don’t do intermediate accounting textbooks, but if they did they would ask Alan Melville to write it for them!!” Raymond Holly, Galway Mayo Institute of Technology (Ireland)

 

“Melville’s ability to explain complex detail in an easy to understand format makes this an essential text for the well prepared student.”  Siobhan Goggin, University of Lincoln

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