Table of Contents
Preface to the Fourth Edition V
List of Abbreviations XI
Disclaimer/clarification XII
I Introduction 1
II The International Financial Reporting Standards 9
IAS 1 Presentation of Financial Statements 11
IAS 2 Inventories 19
IAS 7 Statement of Cash Flows 23
IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors 27
IAS 10 Events after the Reporting Period 31
IAS 11 Construction Contracts 33
IAS 12 Income Taxes 35
IAS 16 Property, Plant and Equipment 39
IAS 17 Leases 43
IAS 18 Revenue 47
IAS 19 Employee Benefits 49
IAS 20 Accounting for Government Grants and Disclosure of Government Assistance 55
IAS 21 The Effects of Changes in Foreign Exchange Rates 57
IAS 23 Borrowing Costs 59
IAS 24 Related Party Disclosures 61
IAS 27 Consolidated and Separate Financial Statements 67
IAS 28 Investments in Associates 75
IAS 29 Financial Reporting in Hyperinflationary Economies 79
IAS 31 Interests in Joint Ventures 81
IAS 32 Financial Instruments: Presentation 85
IAS 33 Earnings per Share 89
IAS 34 Interim Financial Reporting 91
IAS 36 Impairment of Assets 95
IAS 37 Provisions, Contingent Liabilities and Contingent Assets 99
IAS 38 Intangible Assets 105
IAS 39 Financial Instruments: Recognition and Measurement 109
IAS 40 Investment Property 119
IAS 41 Agriculture 123
IFRS 1 First-time Adoption of International Financial Reporting Standards 125
IFRS 2 Share-based Payment 133
IFRS 3 Business Combinations 143
IFRS 4 Insurance Contracts 153
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations 157
IFRS 6 Exploration for and Evaluation of Mineral Resources 161
IFRS 7 Financial Instruments: Disclosures 163
IFRS 8 Operating Segments 169
IFRS 9 Financial Instruments 175
III IFRIC Interpretations 179
IFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities 181
IFRIC 2 Members' Shares in Co-operative Entities and Similar Instruments 183
IFRIC 4 Determining whether an Arrangement contains a Lease 185
IFRIC 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds 187
IFRIC 6 Liabilities arising from Participating in a Specific Market - Waste Electrical and Electronic Equipment 189
IFRIC 7 Applying the Restatement Approach under IAS 29 191
IFRIC 9 Reassessment of Embedded Derivatives 193
IFRIC 10 Interim Financial Reporting and Impairment 195
IFRIC 12 Service Concession Arrangements 197
IFRIC 13 Customer Loyalty Programmes 199
IFRIC 14 IAS 19 - The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction 201
IFRIC 15 Agreements for the Construction of Real Estate 203
IFRIC 16 Hedges of a Net Investment in a Foreign Operation 205
IFRIC 17 Distributions of Non-cash Assets to Owners 207
IFRIC 18 Transfers of Assets from Customers 209
IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments 211
