Table of Contents

Author Bios vii 1 Introduction to International Financial Reporting Standards 1 2 Conceptual Framework 15 3 Presentation of Financial Statements 41 4 Statement of Financial Position 63 5 Statements of Profit or Loss and Other Comprehensive Income, and Changes in Equity 77 6 Statement of Cash Flows 99 7 Accounting Policies, Changes in Accounting Estimates and Errors 117 8 Inventories 139 9 Property, Plant and Equipment 157 10 Borrowing Costs 187 11 Intangible Assets 195 12 Investment Property 225 13 Impairment of Assets and Non-Current Assets Held for Sale 239 14 Consolidations, Joint Arrangements, Associates and Separate Financial Statements 263 15 Business Combinations 315 16 Shareholders' Equity 367 17 Share-Based Payment 389 18 Current Liabilities, Provisions, Contingencies and Events After the Reporting Period 423 19 Employee Benefits 455 20 Revenue from Contracts with Customers 479 21 Government Grants 519 22 Leases 533 23 Foreign Currency 563 24 Financial Instruments 595 25 Fair Value 723 26 Income Taxes 753 27 Earnings Per Share 791 28 Operating Segments 809 29 Related Party Disclosures 829 30 Accounting and Reporting by Retirement Benefit Plans 843 31 Agriculture 851 32 Extractive Industries 867 33 Accounting for Insurance Contracts 877 34 Interim Financial Reporting 899 35 Hyperinflation 919 36 First-Time Adoption of International Financial Reporting Standards 929 Index 961

About the Author

PKF International is a member of the Forum of Firms - an organisation dedicated to consistent and high-quality standards of financial reporting and auditing practices worldwide. www.pkf.com. PKF International Limited administers a family of legally independent firms and does not accept any responsibility or liability for the actions or inactions of any individual member or correspondent firm or firms. All rights reserved.