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)
