Lisa Weaver

Managing the Transition to IFRS-Based Financial Reporting

A Practical Guide to Planning and Implementing a Transition to Ifrs or National GAAP

• Broschiertes Buch

Produktbeschreibung

The one-stop guide to transitioning to IFRS financial reporting
The International Financial Reporting Standards (IFRS) have already been adopted in Europe, and plans are in place to transition to IFRS reporting in the UK, India, Japan, and other major economies. The US is deliberating the nature of its convergence with IFRS and US entities will need to understand the implications of transition. This means all finance managers and financial controllers will be responsible, not only for understanding IFRS, but for making the transition and dealing with implications. Managing the Transition to IFRS-Based Financial Reporting is a one-stop resource for navigating this major change. Case studies and project management advice help move smoothly from GAAP to IFRS principles and requirements.

Managing the Transition to IFRS-Based Financial Reporting is the only book on the market that focuses on both the accounting and non-accounting implications of IFRS transition. This complete approach will guide you from the history and conceptual basis of IFRS through each stage of the transition process, ensuring expert change management and fluid communication from start to finish.

Takes a holistic approach, covering non-accounting implications like educating and communicating IFRS requirements
Provides case studies to illustrate best practices for moving to the new international standards
Provides a framework for planning and executing the entire IFRS transition project
With nearly two decades of financial training experience, author Lisa Weaver is imminently qualified to deliver clear, concise, and understandable content. In addition, the reference material and other resources in Managing the Transition to IFRS-Based Financial Reporting will help you simplify the transition and take advantage of all the benefits IFRS reporting confers.

Produktdetails

• Wiley Regulatory Reporting
• Verlag: Wiley & Sons
• Artikelnr. des Verlages: 1W118643740
• 1. Auflage
• Seitenzahl: 272
• Erscheinungstermin: 21. Juli 2014
• Englisch
• Abmessung: 233mm x 190mm x 17mm
• Gewicht: 504g
• ISBN-13: 9781118643747
• ISBN-10: 1118643747
• Artikelnr.: 40077113

Autorenporträt

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.

Inhaltsangabe

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 to IFRS-based Financial Reporting 1 1 International Financial
Reporting in Context 3 2 The Conceptual Framework of IFRS, Accounting
Policies and the Presentation 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 and the Audit Committee, and Commercial
Implications 129 7 Training, Communication and Change Management 163 III:
The Way Forward - Developments in Selected Countries 187 8 The Transition
to New UK GAAP 189 9 The Way Forward - The Move Towards IFRS in the US and
Selected Other Countries 207 Appendix 1: IASB Standards 223 Appendix 2:
Useful Reference Material and Further Reading 225 Appendix 3: Summary of
IFRS Transition Planning Considerations 229 Bibliography 231 Index 237