International GAAP 2020

International GAAP 2020 is a comprehensive guide to interpreting and implementing International Financial Reporting Standards (IFRS), setting IFRS in a relevant business context, and providing insights into how complex practical issues should be resolved in the real world of global financial reporting. This book is an essential tool for anyone applying, auditing, interpreting, regulating, studying, or teaching IFRS. Written by financial reporting professionals from around the world, this guide to reporting under IFRS provides a global perspective, clearly explaining complex technical accounting issues and setting IFRS in a practical context. Numerous worked examples and hundreds of illustrations from the published financial reports of major listed companies from around the world are included. The 2020 edition has been fully revised and updated with information on the latest IFRS changes and current issues.

Auteur

Ernst & Young is a global leader in professional services with some 114,000 people based in 140 countires. Around the world the firm is committed to pursuing the highest levels of integrity, quality, and professionalism in delivering a broad inventory of services to their cllients. By connecting their people's talents, Ernst & Young provides solutions to clients based on financial, transactional, and risk-management knowledge in its core services of audit, tax, and transactions.
The International Financial Reporting Group of Ernst & Young includes financial reporting specialists from throughout the world.

Résumé

International GAAP 2020 is a comprehensive guide to interpreting and implementing International Financial Reporting Standards (IFRS), setting IFRS in a relevant business context, and providing insights into how complex practical issues should be resolved in the real world of global financial reporting. This book is an essential tool for anyone applying, auditing, interpreting, regulating, studying, or teaching IFRS. Written by financial reporting professionals from around the world, this guide to reporting under IFRS provides a global perspective, clearly explaining complex technical accounting issues and setting IFRS in a practical context. Numerous worked examples and hundreds of illustrations from the published financial reports of major listed companies from around the world are included. The 2020 edition has been fully revised and updated with information on the latest IFRS changes and current issues.

Contenu

Volume 1

1 International GAAP 1

2 The IASB's Conceptual Framework 37

3 Presentation of financial statements and accounting policies 109

4 Non-current assets held for sale and discontinued operations 183

5 First-time adoption 213

6 Consolidated financial statements 357

7 Consolidation procedures and non-controlling interests 463

8 Separate and individual financial statements 535

9 Business combinations 597

10 Business combinations under common control 719

11 Investments in associates and joint ventures 765

12 Joint arrangements 845

13 Disclosure of interests in other entities 899

14 Fair value measurement 951

15 Foreign exchange 1125

16 Hyperinflation 1197

17 Intangible assets 1231

18 Property, plant and equipment 1317

19 Investment property 1375

20 Impairment of fixed assets and goodwill 1447

21 Capitalisation of borrowing costs 1579

22 Inventories 1609

Index of extracts from financial statements 1

Index of standards 7

Index 105

Volume 2

23 Leases 1635

24 Government grants 1733

25 Service concession arrangements 1755

26 Provisions, contingent liabilities and contingent assets 1827

27 Revenue: Introduction and scope 1917

28 Revenue: Identify the contract and performance obligations 1953

29 Revenue: Determine and allocate the transaction price 2053

30 Revenue: Recognition 2143

31 Revenue: Licences, warranties and contract costs 2201

32 Revenue: Presentation and disclosure 2271

33 Income taxes 2319

34 Share-based payment 2493

35 Employee benefits 2755

36 Operating segments 2841

37 Earnings per share 2883

38 Events after the reporting period 2937

39 Related party disclosures 2957

40 Statement of cash flows 2995

41 Interim financial reporting 3045

42 Agriculture 3125

43 Extractive industries 3181

Index of extracts from financial statements 1

Index of standards 7

Index 105

Volume 3

44 Financial instruments: Introduction 3425

45 Financial instruments: Definitions and scope 3433

46 Financial instruments: Derivatives and embedded derivatives 3469

47 Financial instruments: Financial liabilities and equity 3511

48 Financial instruments: Classification 3619

49 Financial instruments: Recognition and initial measurement 3681

50 Financial instruments: Subsequent measurement 3705

51 Financial instruments: Impairment 3743

52 Financial instruments: Derecognition 3901

53 Financial instruments: Hedge accounting 3993

54 Financial instruments: Presentation and disclosure 4203

55 Insurance contracts (IFRS 4) 4325

56 Insurance contracts (IFRS 17) 4469

Index of extracts from financial statements 1

Index of standards 7

Index 105