The Impact of IFRS on Industry (eBook)

The industry-specific guide to IFRS interpretation and
application

One of the biggest challenges of any reporting standard is how
best to interpret and implement it in the context of a specific
company or industry, given that each industry has its own
intricacies and nuances. The Impact of IFRS on Industry
provides specific guidance on applying IFRS in a diverse range of
sectors.

Opening with an overview of IFRS, including a summary of all the
standards, the book goes on to provide detailed coverage of the
standards that can impact all industries, including IAS-40, IFRS 1,
and IFRS 5. Thereafter, it offers practical advice and guidance on
the application of IFRS in specific industries, including
automotive; oil and gas; bio-sciences; infrastructure; airlines;
media and communications; government-owned entities; mining;
software; banking and financial services; insurance; FMCG;
shipping; pharmaceuticals; telecoms; real estate and construction;
power; SMEs; retail; e-commerce; and the service sector. The book
concludes with a discussion on the collateral impact of
implementing IFRS and how forthcoming IFRS Standards could impact
specific industries.

Worked examples are used throughout to demonstrate how the
standards are applied in practice.

* Understand the IFRS standards comprehensively

* Learn which standards impact all industries

* Examine the ways in which IFRS is applied in practice

* See how different standards are applied in specific
industries

Suitable as a quick reference or a comprehensive guide, The
Impact of IFRS on Industry gives you the real-world IFRS
answers you need.