IFRSs Simplified

IFRSs SIMPLIFIED is an Illustrative and Comprehensive Guide book of IFRSs application. The book contains a lucid but concise disucssion of all International Financial Reporting Standards (IFRSs 1-8), International Accounting Standards (all applicable standards), IFRIC Interpretations (1- 3-18), SIC Interpretations (all applicable SICs) with demonstration of Accounting Entries, Valuation Techniques and Disclosures. HIGHLIGHTS OF IMPORTANT ISSUES Presentation of Financial Statements Statement of Comprehensive Income Statement of Changes in Equity Consolidated financial statements Interets in Joint Venture Investments in Associates Inventories Revenue Continuing Managerial Involvement Customer Loyalty Programme Sale of Real Estate Property, Plant & Equipment Depreciation by components Intangible Assets Valuation of Technology based, Contract based and Customer related Intangibles Intangibles having Indefinite Useful Life Impairment Analysis Fair value less costs to sale Business Combination Fair Value based Acquisition Accounting Financial Instruments Puttable Instruments classified as Equity Accounting for Short selling and REPO Zero Coupon Bond Amortised cost method Held to Maturity Training Rule Classifying floating rate loas as HTM Segregation of Embedded Derivatives Compound Financial Instruments Reclassification adjustments Hedge Accounting and Unwimding of Hedges Service Concession Arrangements Cash flow approach and intangible accounting approach Investment Property Agriculture Income Tax Tax Base Taxable Temporary Difference Deductible Temporary Difference Currency Translation Segregation of currency fluctuation element from fair value changes