IFRS Policies and Procedures

Barry J. Epstein, PhD, CPA, a leading consulting and testifying accounting and auditing expert, is coauthor of the Wiley IFRS and Wiley GAAP annual publications. He is a partner in the Chicago firm Russell Novak & Company. He has forty years' experience in the public accounting profession as auditor, technical director/partner for several national and local firms, and regularly serves as an accounting, auditing, financial reporting, and financial analysis expert in litigation matters, including assignments for both private sector entities and governmental agencies.Eva K. Jermakowicz, PhD, CPA, is coauthor of Wiley IFRS and a leading consultant to international organizations and businesses. She is a frequent speaker at international venues and has taught accounting for twenty-five years. She is currently Professor of Accounting and Chair of the Accounting and Business Law Department at Tennessee State University.

• Preface viiAbout the Authors ix1 Researching IFRS Implementation Problems 12 Cash, Receivables, and Prepaid Expenses 103 Short-Term Investments and Financial Instruments 394 Inventory 515 Revenue Recognition 846 Long-Lived Assets 1377 Investments 1898 Business Combinations and Consolidated Financial Statements 2359 Current Liabilities and Contingencies after the Reporting Period 25710 Long-Term Debt 29611 Leases 32812 Pensions and Other Postretirement Benefits 35813 Shareholders’ Equity 37214 Interim Reporting 41815 Segment Reporting 42916 Foreign Currency 436Index 454

"This guide looks at international accounting standards in detail. It provides the proper treatment of all types of accounting transaction." (Finance & Management Faculty, May 2008)