Advanced Financial Accounting is the first consolidated and simplified reference textbook to illustrate in detail the background and intended applications of the IFRS. Each chapter summarises and explains new or revised IFRS, along with their key underlying concepts, appropriate accounting treatment and the associated requirements in a concise and user-friendly way. Complex accounting issues are explained with up-to-date real-world examples to illustrate how these problems have been addressed by listed companies across Europe.

Table of Contents

PART ONE: Introduction to IFRS Chapter 1 Introduction to international financial reporting Chapter 2 Conceptual framework for financial reporting PART TWO: Reporting and presentation Chapter 3 Presentation of financial statements (IAS 1) Chapter 4 Accounting policies (IAS 8 and IFRS 1) PART THREE: Income statement and balance sheet items Chapter 5 Revenue (IAS 18) and construction contracts (IAS 11) Chapter 6 Inventories (IAS 2) Chapter 7 Property, plant and equipment (IAS 16) and investment property (IAS 40) Chapter 8 Leases (IAS 17) Chapter 9 Intangible assets (IAS 38) Chapter 10 Impairment of assets (IAS 36) Chapter 11 Provisions, contingencies and events after the balance sheet date (IAS 37 and IAS 10) Chapter 12 Taxation (IAS 12) Chapter 13 Employee benefits (IAS 19) PART FOUR: Reporting for financial instruments Chapter 14 Financial instruments: classification Chapter 15 Financial instruments: recognition, derecognition, measurement and disclosures PART FIVE: Reporting and Disclosures Chapter 16 Statement of cash flows (IAS 7) Chapter 17 Other issues relating to reporting and disclosures (IFRS 8, IAS 33 and IAS 24) PART SIX: Group reporting Chapter 18 Concepts of control and consolidation Chapter 19 How to prepare consolidated financial statements Chapter 22 Investments in associates (IAS 28) and interests in joint ventures (IAS 31) GLOSSARY

About the Author

Elisabetta Barone is a lecturer of financial Accounting at King's College London and a senior fellow at School of Oriental and African Studies. She has a PhD in Business Management from Bocconi University, Milan and an MSc in Law and Accounting from the London School of Economics and Political Science.She is also a Dottore Commercialista (chartered accountant). Jagdish Kothari FCA (ICAEW) is a retired partner of PricewaterhouseCoopers and until recently was a consultant to Ernst & Young and visiting Professor at Bocconi University, Milan.