For many years the International Accounting Standards Committee (IASC) has been working to develop a set of accounting standards which can be used to bring about uniformity in financial reporting around the world. Wiley IAS 2001 provides the tools for understanding those standards and offers expertise on how to use and implement them.
About the Author
BARRY J. EPSTEIN, PhD, CPA, is a Partner at Gleeson, Sklar, Sawyers & Cumpata LLP, Chicago, Illinois.
ABBAS ALI MIRZA, ACA, AICWA, CPA, is a Director at Pannell Kerr Forster (PKF), Dubai, United Arab Emirates.
Table of Contents
Introduction to International Accounting Standards.
Income Statement, Statement of Changes in Equity, and Statement of Recognized Gains and Losses.
Cash Flow Statements.
Cash, Receivables, and Financial Instruments.
Revenue Recognition, Including Construction Contract Accounting.
Property, Plant, and Equipment.
Business Combinations and Consolidated Financial Statements.
Current Liabilities, Provisions, Contingencies, and Events After the Balance Sheet Date.
Accounting for Leases.
Accounting for Income Taxes.
Accounting for Employee Benefits.
Earnings Per Share.
Interim Financial Reporting.
Accounting Changes and Correction of Fundamental Errors.
Specialized Industry Accounting.
Accounting for Inflation and Hyperinflation.
Appendix: Disclosure Checklist.
What People are Saying About This
International Accounting Standards has broken the barriers and its wide spread recognition and use is unprecedented. This has increased the demand for practical guidance and interpretations. Many successful attempts were made to provide the needed guidance and countless courses and seminars were held, however, there is still much to be desired. There is still a need for more textbooks with practical guidance that help bridge theory with practice and provide guidance for the intricate questions facing practitioners. This book provides the reader with an opportunity to view International Accounting Standards from a comprehensive perspective. The need for it is great and it could not have been issued at a better time. I wish it every success.Talal Abu Ghazaleh, Chairman, Talal Abu Ghazaleh & Co. International
I think that Epstein and Mirza have provided a great service to the international trading community by bringing out the IAS 2001. As the process of globalization permeates all aspects of trading activity, the understanding and application of international accounting standards has become more crucial for ensuring the predictability and prosperity of business transactions. I am sure that businessmen and professionals in the international trading community will find IAS 2001 a very useful guide in this context.Asoke Mukerji, Consul General of India, Dubai, United Arab Emirates