Wiley IFRS 2016 (eBook)

PKF International is a global network of legally independent firms bound together by a shared commitment to quality, integrity and the creation of clarity in a complex regulatory environment. With offices in 440 cities, PKF operates in 150 countries across 5 continents and specialises in providing high quality audit, accounting, tax, and business advisory services to international and domestic organisations in all of their markets. PKF International member firms have an aggregate fee income of $2.52 billion, and the network is a member of the Forum of Firms - an organisation dedicated to consistent and high quality standards of financial reporting and auditing practices worldwide.

About the Authors vii

1 Introduction to International Financial Reporting Standards 1

2 Conceptual Framework 27

3 Presentation of Financial Statements 41

4 Statement of Financial Position 61

5 Statements of Profit or Loss and Other Comprehensive Income, and Changes in Equity 77

6 Statement of Cash Flows 97

7 Accounting Policies, Changes in Accounting Estimates, and Errors 115

8 Inventories 135

9 Property, Plant and Equipment 153

10 Borrowing Costs 187

11 Intangible Assets 195

12 Investment Property 223

13 Impairment of Assets and Non-Current Assets Held for Sale 237

14 Consolidations, Joint Arrangements, Associates and Separate Financial Statements 261

15 Business Combinations 313

16 Shareholders' Equity 369

17 Share-Based Payment 391

18 Current Liabilities, Provisions, Contingencies and Events After the Reporting Period 421

19 Employee Benefits 453

20 Revenue Recognition, Including Construction Contracts 477

21 Government Grants 511

22 Leases 523

23 Foreign Currency 577

24 Financial Instruments 607

25 Fair Value 735

26 Income Taxes 765

27 Earnings Per Share 801

28 Operating Segments 819

29 Related-Party Disclosures 839

30 Accounting and Reporting by Retirement Benefit Plans 853

31 Agriculture 861

32 Extractive Industries 875

33 Accounting for Insurance Contracts 885

34 Interim Financial Reporting 895

35 Hyperinflation 917

36 First-Time Adoption of International Financial Reporting Standards 927

Index 959