Resumen del libro
As convergence becomes a closer reality, International Financial Reporting Standards are essential for both accounting students and CPAs to understand. By implementing first-hand experience of the IFRS coverage from past CPA exams, "A Guide To International Financial Reporting Standards, 3rd Edition" provides the basics students need to know to pass the CPA exam. Updates to revenue recognition and leases, the differences between IFRS and U.S. GAAP, and coverage of the SEC's position on its adoption of IFRS have all been included in this booklet. Recent revisions by the IASB on conceptual framework have also been added. Written for learners who are new to IFRS, "A Guide To International Financial Reporting Standards" continues to deliver content relevant to students, such as the history, structure, and status of IFRS, and its relationship to U.S. GAAP. This text works well as a standalone item or to supplement an existing course where IFRS will be covered in more detail.
Introduction: The Global Momentum for IFRS. I. BACKGROUND OF IFRS. II. THE STRUCTURE OF IFRS. III. KEY DIFFERENCES BETWEEN IFRS AND U.S. GAAP. IV.IFRS for SMEs. V: THE CURRENT STATUS AND FUTURE OF IFRS. Appendix A: Common Acronyms. Appendix B: IFRS Timeline. Appendix C: Current IFRS and IAS. Appendix D: Selected Websites with IFRS Resources.