ESCP Europe

"The vision of the IFRS Foundation to establish a truly global language for accounting has now been realised in 100+ of the worlds jurisdictions and continues to generate public support from the G20 and major international organisations such as World Bank, IMF, Basel Committee, IOSCO and IFAC. The widespread adoption of the IFRS Standards has enabled greater fluency in international financial reporting and established a global understanding of accountancy practice in an increasingly internationalised business world. An accountancy professional able to master the Standards now has the opportunity to ply their trade in the worlds major business centres without the need for local accounting knowledge." - from back cover.

List of Acronyms --- PART 1 CONCEPTUAL FRAMEWORK --- 1 The IASB and its Conceptual Framework --- PART 2 ELEMENTS --- 2 Owners equity: share capital and reserves --- 3 Fair value measurement --- 4 Revenue from contracts with customers --- 5 Provisions, contingent liabilities and contingent assets --- 6 Income taxes --- 7 Financial instruments --- 8 Sharebased payment --- 9 Inventories --- 10 Employee benefits --- 11 Property, plant and equipment --- 12 Leases --- 13 Intangible assets --- 14 Business combinations --- 15 Impairment of assets --- PART 3 PRESENTATION AND DISCLOSURES --- 16 Financial statement presentation --- 17 Statement of cash flows --- 19 Other key notes disclosures --- PART 4 ECONOMIC ENTITIES --- 20 Consolidation: controlled entities --- 21 Consolidation: wholly owned subsidiaries --- 22 Consolidation: intragroup transactions --- 23 Consolidation: noncontrolling interest --- 24 Translation of the financial statements of foreign entities..