Ias 01

The practical guide to IAS compliance International Accounting Standards (IAS) are hotter than ever due to their recent endorsement by the International Organization of Securities Commissions (IOSCO). Coupled with the European Commission's groundbreaking decision to require all listed companies throughout the European Union to use International Accounting Standards by 2005, these two announcements have done much to give IAS the backing they need to become truly international GAAP. This handy yet comprehensive quick-reference guide helps accountants prepare and understand financial statements presented in accordance with the rapidly evolving, ever more widely utilized International Accounting Standards. The 2001 edition of the authoritative guide to IAS compliance includes complete coverage of all the standards issued or revised under the IOSCO's "core set of standards" program. More than ever before, every accountant or corporate financial official involved in-or contemplating-registration in foreign markets now needs the guidance offered in this book. Written by a team of practicing CPAs with in-depth international experience, this guide includes meaningful real-world examples and interpretive insights into the requirements of IAS. This up-to-date 2001 edition covers important, complex requirements addressed by the recent IASs, including: IAS 33, Earnings per Share IAS 34, Interim Financial Reporting IAS 35, Discontinuing Operations IAS 36, Impairment of Assets IAS 37, Provisions, Contingent Liabilities, and Contingent Assets IAS 38, Intangible Assets IAS 40, Investment Property IAS 32, Financial Instruments: Disclosure and Presentation IAS 39, Financial Instruments: Recognition and Measurement IAS 39, Implementation Guidance: Questions and Answers Plus: cash flow statements (IAS 7), revenue recognition (IAS 18), revised standards on accounting for presentation of financial statements (IAS 1), property, plant and equipment (IAS 16), events after the balance sheet date (IAS 10), employee benefits (IAS 19), business combinations (IAS 22), leases (IAS 17), and income taxes (IAS 12); full, integrated coverage of the recently established interpretive series of releases issued by the Standing Interpretations Committee; and a chapter on the often contentious topic of related-party disclosures (IAS 24) as well as coverage of specialized industry accounting rules (IAS 30). Also included is coverage of Exposure Drafts on agriculture (E65), financial instruments (E66), pension plan assets (E67), income tax consequences of dividends (E68), limited revisions to IAS 39, and interpretations of the Standing Interpretations Committee (SIC) operative SICs from 1 to 25.Epstein, Barry J. is the author of 'Ias 01' with ISBN 9780471397960 and ISBN 0471397962.