PwC Manual of Accounting IFRS 2014 Pack

PwC’s Manual of accounting - IFRS 2014 Pack is the definitive global guide to IFRS. It provides practical guidance on the interpretation and application of all IFRSs issued by the IASB, and contains practical worked examples and extracts from company reports as well as model IFRS financial statements, which help to illustrate the explanations.

This pack comprises the following 3 volumes:

Key updates are listed below:

Manual of accounting: IFRS 2014 Vol. 1 and Vol. 2

Updated guidance on:

• IASB’s annual improvements 2011 effective 1 January 2013; and
• Standards, amendments and interpretations effective 1 January 2013 including IFRS 7, IAS 19 (revised), IAS 27 (revised), IAS 28 (revised), IFRS 10, 11, 12, 13 and IFRIC 20; and amendments to IAS 1, IFRS 1, 10, 11, 12.
• New chapters on investment entities and separate financial statements.
• New and updated illustrative examples.

Illustrative IFRS consolidated financial statements for 2013 year ends

The financial statements of a fictional entity have been updated to illustrate the disclosure and presentation requirements of the IFRS standards and interpretations for financial years beginning on or after 1 January 2013. Areas in which presentation has changed significantly since 2012 are highlighted. Significant changes include the application of IFRSs 10, 11, 12 and 13 together with IAS 19 and the IAS 1 presentation changes to Other Comprehensive Income. It also includes appendices providing illustrative financial statements relating to:

• Alternative presentation of cash flows and statement of comprehensive income.
• Biological assets.
• Oil and gas exploration assets.
• Current and forthcoming requirements.