International GAAP® 2020 : generally accepted accounting practice under international financial reporting standards

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. About this book Preface Lists of chapters Abbreviations Authoritative literature 1 International GAAP 2 The IASB’s Conceptual Framework 3 Presentation of financial statements and accounting policies 4 Non-current assets held for sale and discontinued operations 5 First-time adoption 6 Consolidated financial statements 7 Consolidation procedures and non-controlling interests 8 Separate and individual financial statements 9 Business combinations 10 Business combinations under common control 11 Investments in associates and joint ventures 12 Joint arrangements 13 Disclosure of interests in other entities 14 Fair value measurement 15 Foreign exchange 16 Hyperinflation 17 Intangible assets 18 Property, plant and equipment 19 Investment property 20 Impairment of fixed assets and goodwill 21 Capitalisation of borrowing costs 22 Inventories 23 Leases 24 Government grants 25 Service concession arrangements 26 Provisions, contingent liabilities and contingent assets 27 Revenue: Introduction and scope 28 Revenue: Identify the contract and performance obligations 29 Revenue: Determine and allocate the transaction price 30 Revenue: Recognition 31 Revenue: Licences, warranties and contract costs 32 Revenue: Presentation and disclosure 33 Income taxes 34 Share-based payment 35 Employee benefits 36 Operating segments 37 Earnings per share 38 Events after the reporting period 39 Related party disclosures 40 Statement of cash flows 41 Interim financial reporting 42 Agriculture 43 Extractive industries 44 Financial instruments: Introduction 45 Financial instruments: Definitions and scope 46 Financial instruments: Derivatives and embedded derivatives 47 Financial instruments: Financial liabilities and equity 48 Financial instruments: Classification 49 Financial instruments: Recognition and initial measurement 50 Financial instruments: Subsequent measurement 51 Financial instruments: Impairment 52 Financial instruments: Derecognition 53 Financial instruments: Hedge accounting 54 Financial instruments: Presentation and disclosure 55 Insurance contracts (IFRS 4) 56 Insurance contracts (IFRS 17) Index of extracts from financial statements Index of standards Index 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 Irfs Changes And Current Issues.