International Financial Accounting and Reporting (Paperback, 3rd edition) - Ciaran Connolly
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This seminal Irish textbook, written by a leading academic with an extensive background in accountancy practice, is designed to provide students with the knowledge and skills to enable them to appraise underlying accounting concepts and apply extant IASs and IFRSs. This 3rd Edition of International Financial Accounting and Reporting has been fully revised to reflect recent changes to all International Accounting Standards (IASs) and International Financial Reporting Standards (IFRSs). The new format and presentation of the text is designed to inform and teach the reader about the application of IASs and IFRSs in an understandable and structured manner. Each chapter has been substantially revised to include clearly defined learning outcomes, supported by additional worked examples and an extensive range of review and challenging questions. The text is particularly suitable for the intermediate and advanced levels of undergraduate accounting degree programmes, together with postgraduate and professional courses. It seeks to provide students with the knowledge and skills to enable them to appraise underlying accounting concepts and apply extant IASs and IFRSs. Key Features of the 3rd Edition include: New design and layout for ease of use and reference Fully updated for all extant IASs and IFRSs (at June 2011); Worked examples provided throughout the text; Extensive range of review and challenging questions, with full solutions; Powerpoint slides for adopting lecturers OUTLINE OF THE BOOK The broad structure of the text is as follows: Section 1 addresses the theoretical underpinnings of financial reporting and also illustrates the presentation of financial statements; Section 2 and Section 3 focus on the core IFRSs associated with the preparation of a statement of comprehensive income and statement of financial position, together with a statement of cash flows, for individual companies; Section 4 concentrates on disclosure-related issues including earnings per share and financial instruments; Section 5 deals in-depth with the preparation of group accounts, including subsidiaries, associates and joint ventures. It also covers foreign operations and the group statement of cash flows; and Section 6, together with completing the coverage of extant IFRSs, concludes the text by dealing with the analysis and interpretation of financial information.