A professional perspective to implementing IFRS 10, 11, and 12
The new International Financial Reporting Standards (IFRS) 10, 11, and
12 are changing group accounting for many businesses. As business
becomes increasingly global, more and more firms will need to transition
using the codes and techniques described in Principles of Group
Accounting under IFRS. This book is a practical guide and reference to
the standards related to consolidated financial statements, joint
arrangements, and disclosure of interests. Fully illustrated with a
step-by-step case study, Principles of Group Accounting under IFRS is
equally valuable as an introductory text and as a reference for
addressing specific issues that may arise in the process of
consolidating group accounts.
The new international standards will bring about significant changes in
group reporting, and it is essential for accountants, auditors, and
business leaders to understand their implications. Author Andreas
Krimpmann is an internationally recognized authority on the transition
from GAAP to IFRS, and this new text comes packaged with GAAP/IFRS
comparison resources that will help make the changes clear. Other bonus
resources include an Excel-based consolidation tool, checklists, and a
companion website with the latest information. Learn about:
- Definitions, requirements, processes, and transition techniques for
IFRS 10, 11, and 12 covering group level accounting
- Practical implementation strategies demonstrated through a clear case
study of a midsize group
- Key concepts related to consolidated financial statements, joint
ventures, management consolidation, and disclosure of interests
- Comparisons between GAAP and IFRS to clarify the required changes for
international firms
Whatever stage of the consolidation process you are in, you will
appreciate the professional perspective in Principles of Group
Accounting under IFRS.
