STEVEN E. SHAMROCK, CPA, MBA, CMA, is Corporate Controller of AkzoNobel Inc., the US parent company of AkzoNobel NV, a global Fortune 500 company and major producer of specialty chemicals. He was formerly with BP America Inc., where he managed the preparation of consolidated external financial statements that were converted from IFRS to US GAAP. He has specialized in IFRS in the facets of conversion, application, and policy and serves on the IFRS AICPA SAG. He is also a frequent speaker on IFRS at AICPA conferences.

• About the Author viiIntroduction ix1 Standard Setting 12 The Framework 53 Property, Plant, and Equipment 134 Inventory 195 Provisions and Contingencies 256 Intangible Assets 357 Share-Based Compensation 398 Financial Instruments 459 Leases 5910 Revenue 6911 Income Taxes 11112 Investments in Subsidiaries 12913 Postretirement Benefits 17114 Impairments 189Index 203

STEVEN E. SHAMROCK, CPA, MBA, CMA, is Corporate Controller of AkzoNobel Inc., the US parent company of AkzoNobel NV, a global Fortune 500 company and major producer of specialty chemicals. He was formerly with BP America Inc., where he managed the preparation of consolidated external financial statements that were converted from IFRS to US GAAP. He has specialized in IFRS in the facets of conversion, application, and policy and serves on the IFRS AICPA SAG. He is also a frequent speaker on IFRS at AICPA conferences.

• About the Author viiIntroduction ix1 Standard Setting 12 The Framework 53 Property, Plant, and Equipment 134 Inventory 195 Provisions and Contingencies 256 Intangible Assets 357 Share-Based Compensation 398 Financial Instruments 459 Leases 5910 Revenue 6911 Income Taxes 11112 Investments in Subsidiaries 12913 Postretirement Benefits 17114 Impairments 189Index 203

STEVEN E. SHAMROCK, CPA, MBA, CMA, is Corporate Controller of AkzoNobel Inc., the US parent company of AkzoNobel NV, a global Fortune 500 company and major producer of specialty chemicals. He was formerly with BP America Inc., where he managed the preparation of consolidated external financial statements that were converted from IFRS to US GAAP. He has specialized in IFRS in the facets of conversion, application, and policy and serves on the IFRS AICPA SAG. He is also a frequent speaker on IFRS at AICPA conferences.

• About the Author viiIntroduction ix1 Standard Setting 12 The Framework 53 Property, Plant, and Equipment 134 Inventory 195 Provisions and Contingencies 256 Intangible Assets 357 Share-Based Compensation 398 Financial Instruments 459 Leases 5910 Revenue 6911 Income Taxes 11112 Investments in Subsidiaries 12913 Postretirement Benefits 17114 Impairments 189Index 203