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    Financial Reporting Under IFRS

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    techna8
    The document discusses International Financial Reporting Standards (IFRS). It outlines that IFRS aims to increase transparency, accountability, and efficiency in financial reporting globally. It does this by improving comparability and quality of financial information, reducing information gaps, and lowering the costs of capital and international reporting costs. The document then lists various topics in financial reporting under IFRS such as revenue recognition, tangible assets, financial instruments, provisions, and business combinations. It references the relevant IFRS standards and accounting textbooks that cover these topics.

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    Financial Reporting Under IFRS

    Uploaded by

    techna8
    10 views4 pages
    The document discusses International Financial Reporting Standards (IFRS). It outlines that IFRS aims to increase transparency, accountability, and efficiency in financial reporting globally. It does this by improving comparability and quality of financial information, reducing information gaps, and lowering the costs of capital and international reporting costs. The document then lists various topics in financial reporting under IFRS such as revenue recognition, tangible assets, financial instruments, provisions, and business combinations. It references the relevant IFRS standards and accounting textbooks that cover these topics.

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    Financial Reporting under IFRS

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    The document discusses International Financial Reporting Standards (IFRS). It outlines that IFRS aims to increase transparency, accountability, and efficiency in financial reporting globally. It does this by improving comparability and quality of financial information, reducing information gaps, and lowering the costs of capital and international reporting costs. The document then lists various topics in financial reporting under IFRS such as revenue recognition, tangible assets, financial instruments, provisions, and business combinations. It references the relevant IFRS standards and accounting textbooks that cover these topics.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    10 views4 pages

    Financial Reporting Under IFRS

    Uploaded by

    techna8
    The document discusses International Financial Reporting Standards (IFRS). It outlines that IFRS aims to increase transparency, accountability, and efficiency in financial reporting globally. It does this by improving comparability and quality of financial information, reducing information gaps, and lowering the costs of capital and international reporting costs. The document then lists various topics in financial reporting under IFRS such as revenue recognition, tangible assets, financial instruments, provisions, and business combinations. It references the relevant IFRS standards and accounting textbooks that cover these topics.

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    of 4

    FINANCIAL REPORTING

    UNDER INTERNATIONAL
    FINANCIAL REPORTING
    STANDARDS
    www.ifrs.org
    WHY GLOBAL ACCOUNTING
    STANDARDS?
     Transparency
     Comparability
     Quality of Information

     Accountability
     Reducing Information Gap

     Efficiency
     Reduce Cost of Capital
     Reduce International Reporting Costs
    FINANCIAL REPORTING UNDER IFRS
     Institutional Issues of IFRS & Introduction of IFRS
     IFRS: Preface to IFRS Standards and Conceptual Framework for Financial Reporting

     Revenue Recognition
     Chapter 5 of Anthony / Hawkins / Merchant Book
     IFRS 15, IAS 18

     Non-current Assets (Tangible and Intangible Assets. Impairment)


     Chapter: Chapter 7 of Anthony / Hawkins / Merchant Book
     IAS 16, IAS 36, IAS 38

     Financial Assets and Financial Liabilities


     Chapter 8 & 9 of Anthony/ Hawkins / Merchant book
     IFRS 7, 9, & 13

     Non-Financial Liabilities (Provisions, deferred taxation, post-retirement


    benefits)
     Chapter 10 of Anthony / Hawkins / Merchant Book
     IAS 12, IAS 26, IAS 37,
    IFRS
     Business Combinations
     Chapter 12 of Anthony/ Hawkins/ Merchant Book
     IFRS 3 & IFRS 10

     Accounting Key Performance Indicators


    and Financial Communication
     Chapter 13 & 14 of Anthony / Hawkins / Merchant
    Book

     Corporate Governance (audit, responsibilities


    of managers)

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