Tax and Accounting

AREA: INTERNATIONAL

Bound Book

Price 19,000yen (19,950yen included tax)

Pub. December 2011

ISBN 978-1-847988-447-0

Membership Benefit: 20% discount applied

IFRS - Model Financial Statements is a practical guide to applying International Financial Reporting Standards and keeping up to date with changes in the standards.

This book reflects standards extant at 30 September 2011, including IFRSs 10, 11, 12 and 13 that were issued in 2011 and which are effective for the financial statements of accounting periods commencing on or after 1 January 2011.

Features & Benefits

• A full guide to the requirements of each standard;
• A full explanation of IFRS 1 First-time adoption of International Financial Reporting Standards;
• Model financial statements on an imaginary commercial company to illustrate presentation methods and disclosure requirements;
• A useful disclosure checklist to ensure preparers of financial statements include all the relevant information required by the IFRS;
• Details of recently issued changes to the standards examples of the application of both the standards and the disclosures.

The book reflects standards extant as at 30 September 2011. The requirements of new and revised accounting pronouncement that are illustrated in the publication are:

• IFRS 10, Consolidated Financial Statements, which includes a new definition of control, used to determine which entities are consolidated

• IFRS 11, Joint Arrangements describes the accounting for joint arrangements with joint control

• IFRS 12, Disclosure of Interests in Other Entities, includes all of the disclosure requirements for subsidiaries, joint ventures, joint arrangements, associates and structured entities

• IFRS 13, Fair Value Measurement establishes a single framework for all fair value measurements when fair value is required or permitted by IFRS.