Weaver Managing the Transition to IFRS-Based Financial Reporting

A Practical Guide to Planning and Implementing a Transition to IFRS or National GAAP
1. Auflage 2014
ISBN: 978-1-118-64412-6
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 272 Seiten, E-Book

Reihe: Wiley Regulatory Reporting

The one-stop guide to transitioning to IFRS financialreporting
The International Financial Reporting Standards (IFRS) havealready been adopted in Europe, and plans are in place totransition to IFRS reporting in the UK, India, Japan, and othermajor economies. The US is deliberating the nature of itsconvergence with IFRS and US entities will need to understand theimplications of transition. This means all finance managers andfinancial controllers will be responsible, not only forunderstanding IFRS, but for making the transition and dealing withimplications. Managing the Transition to IFRS-Based FinancialReporting is a one-stop resource for navigating this majorchange. Case studies and project management advice help movesmoothly from GAAP to IFRS principles and requirements.
Managing the Transition to IFRS-Based Financial Reportingis the only book on the market that focuses on both the accountingand non-accounting implications of IFRS transition. This completeapproach will guide you from the history and conceptual basis ofIFRS through each stage of the transition process, ensuring expertchange management and fluid communication from start to finish.
* Takes a holistic approach, covering non-accounting implicationslike educating and communicating IFRS requirements
* Provides case studies to illustrate best practices for movingto the new international standards
* Provides a framework for planning and executing the entire IFRStransition project
With nearly two decades of financial training experience, authorLisa Weaver is imminently qualified to deliver clear, concise, andunderstandable content. In addition, the reference material andother resources in Managing the Transition to IFRS-BasedFinancial Reporting will help you simplify the transition andtake advantage of all the benefits IFRS reporting confers.

Autoren/Hrsg.

Weaver, Lisa

Inhaltsverzeichnis

List of Tables vii
List of Figures ix
List of Case Studies xi
Foreword xiii
Preface xv
Disclaimer xvii
Acknowledgements xix
About the Author xxi
Introduction xxiii
I: Understanding the Framework of Performing a Transition toIFRS-based Financial Reporting 1
1 International Financial Reporting in Context 3
2 The Conceptual Framework of IFRS, Accounting Policies and thePresentation of Financial Statements 25
3 IFRS 1 First-time Adoption of IFRS 43
II: Planning and Implementing a Transition Project 67
4 Establishing the IFRS Transition Project 69
5 Assessing the Accounting Impacts of IFRS Transition 105
6 Wider Transitional Issues - Systems, Internal Audit andthe Audit Committee, and Commercial Implications 129
7 Training, Communication and Change Management 163
III: The Way Forward - Developments in SelectedCountries 187
8 The Transition to New UK GAAP 189
9 The Way Forward - The Move Towards IFRS in the US andSelected Other Countries 207
Appendix 1: IASB Standards 223
Appendix 2: Useful Reference Material and Further Reading225
Appendix 3: Summary of IFRS Transition Planning Considerations229
Bibliography 231
Index 237

Über Autor(innen)

LISA WEAVER, is a professionally qualified accountant and a Fellow of the Institute of Chartered Accountants in England and Wales. After working in audit for several years, she moved into training and education and has lectured on financial reporting, audit and governance topics in the UK and Ireland, the Caribbean, and in Hong Kong and China. She is currently a Teaching Fellow in Accounting at Aston Business School, part of Aston University in the UK.