Wiley IFRS: Practical Implementation Guide and Workbook [Paperback]

Abbas A. Mirza (Author), Magnus Orrell (Author), Graham Holt (Author)

Book Description

ISBN-10: 0470170220 | ISBN-13: 978-0470170229 | Publication Date: May 2, 2008 | Edition: 2

Wiley IFRS: Practical Implementation Guide and Workbook, Second Edition is a quick reference guide on IFRS/IAS that includes easy-to-understand IFRS/IAS standards outlines, practical insights, case studies with solutions, illustrations and multiple-choice questions with solutions. The book greatly facilitates your understanding of the practical implementation issues involved in applying these complex "principles-based" standards. PS-Line

Editorial Reviews

Review

‘…easy-to-understand explanations of IFRS/IAS standards…indispensable guide for finance professionals, auditors, financial analysts and candidates preparing for the IFRS/IAS certification.' (Finance & Management Faculty, March 2011). --This text refers to an alternate Paperback edition.

From the Back Cover

Wiley IFRS Practical Implementation Guide and Workbook Second Edition

A one-stop resource for understanding and applying current International Financial Reporting Standards

The year 2007 proved to be yet another historic year of watershed events for the International Financial Reporting Standards (IFRS) firstly, due to the announcement in November 2007 by the US SEC to allow foreign private issuers to enter the US capital market using IFRS-compliant financial statements without reconciling to US GAAP and secondly, on its achieving extraordinary acceptance globally with over 100 countries requiring or permitting IFRS by the end of 2007, a remarkable achievement in terms of global acceptance of IFRS. Commenting on how many more countries are expected to adopt IFRS by 2011, Sir David Tweedie, chairman of the IASB, remarked, "we reckon by about 2011, there'll be 150—all the major economies." (Accountancy, January 2008)

The Second Edition of this quick-reference IFRS guide includes easy-to-understand IFRS/IAS explanations, practical insights, case studies and illustrations and features:

• Up-to-date coverage of all extant IASB Standards (IAS 1 to 41 and IFRS 1 to 8) and all IFRICS from 1 to 14; coverage includes all new and revised IFRS issued up until February 2008, with discussion of IFRS 8 (Operating Segments) and the recent revisions to IAS 1, IAS 27, IAS 32, IFRS 2, and IFRS 3

• Lucid explanations of the IASB standards, supplemented with simple examples and easy-to-apply illustrations, for quick understanding of IFRS/IAS standards and IFRIC/SIC interpretations

• Multiple-choice questions with solutions and explanations to ensure thorough understanding of the complex IFRS IAS standards

• Case studies with solutions that illustrate the practical application of the IFRS/IAS

• "Practical Insights" into implementation and application of the IFRS/IAS

• Extracts from published financial statements to illustrate real-life application of the IASB standards

See all Editorial Reviews

Product Details

• Paperback: 496 pages
• Publisher: Wiley; 2 edition (May 2, 2008)
• Language: English
• ISBN-10: 0470170220
• ISBN-13: 978-0470170229
• Product Dimensions: 10.8 x 8.4 x 1.1 inches
• Shipping Weight: 2.5 pounds (View shipping rates and policies)
• Average Customer Review: 4.8 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #857,720 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

9 of 9 people found the following review helpful:

5.0 out of 5 stars Easy reference, July 31, 2008

By 

Ahmed Badawy "CPA" (Abu Dhabi, UAE) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Wiley IFRS: Practical Implementation Guide and Workbook (Paperback)

The book is an easy good reference for IFRS and its latest updates, however the book focus on the main concepts and doesn't go deep into details. If you need more detailed reference you may look for Wiley IFRS 2008: Interpretation and Application of International Accounting and Financial Reporting Standards 2008 (Wiley Ifrs)or buy the original IFRS text directly from International Accounting Standards Committee Foundation. (https://buy.iasb.org/TIMSSeCommerce/timssnet/Common/TNT_ShowDetail.cfm?subsystem=ord&related_prod_flag=0&primary_id=10118&action=long)

5 of 7 people found the following review helpful:

5.0 out of 5 stars Very good book, May 28, 2008

By 

Osvaldo Z. Favero Jr. (Brazil) - See all my reviews
(REAL NAME)   

This review is from: Wiley IFRS: Practical Implementation Guide and Workbook (Paperback)

It's a very good book for those who are looking for the main concepts of IFRS, but for those who are looking for details and examples or cases of application with certain level of complexity I'd recommend another one.

4.0 out of 5 stars Good companion for students, October 12, 2011

By 

A. Jones "radiance" (Grenada) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Wiley IFRS: Practical Implementation Guide and Workbook (Wiley Regulatory Reporting) (Paperback)

I'm an ACCA student attempting one of the Financial reporting papers and this IFRS Guide book is a really good companion to the study texts. It hightlights the basic principles underlying each standard, written in easy to understand english and the many cases and MCQs really help in understanding how/when to apply the standards. Not sure it may be good help to professionals who may need more indepth examples for complicated application issues but I will definitely recommend to every student sitting exams which requires knowledge of IASs/IFRSs. It really nails the basics and because not it isn't as lengthly as other material on IASs/IFRSs it will be good for revision.