ESCP Europe

The Second Edition of Intermediate Accounting: IFRS Edition, by Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield, provides the tools global accounting students need to understand what IFRS is and how it is applied in practice. The emphasis on fair value, the proper accounting for financial instruments, and the new developments related to leasing, revenue recognition, and financial statement presentation are examined in light of current practice. New Global Accounting Insights highlight the important differences that remain between IFRS and US GAAP, and discuss the ongoing joint convergence efforts to resolve them. Comprehensive, up-to-date, and accurate, Intermediate Accounting: IFRS Edition includes proven pedagogical tools, designed to help students learn more effectively and to answer the changing needs of this course. New To This Edition Updated discussion in Chapter 2: Conceptual Framework for Financial Reporting of the IASBs guidance related to the use of fair value in financial statements. Chapter 4: Income Statement contains new sections on the one statement and two statement formats for reporting components of other comprehensive income. All-new Chapter 18: Revenue Recognition added to reflect the very recent IFRS on revenue recognition. Chapter 23: Statement of Cashflows has been reorganized to prioritize relevant methods of preparing statements. New Videos available on WileyPLUS include Lectures with Terry Warfield, Solution Walkthroughs, Applied Skills, and PowerPoint Lectures, all of which walk students through problem solving skills while introducing them to key concepts. Flash Cards and Crossword Puzzles offer additional review focusing on key terminology and concepts in each chapter.

TABLE OF CONTENTS 1 Financial Reporting and Accounting Standards 2 Conceptual Framework for Financial Reporting 3 The Accounting Information System 4 Income Statement and Related Information 5 Statement of Financial Position and Statement of Cash Flows 6 Accounting and the Time Value of Money 7 Cash and Receivables 8 Valuation of Inventories: A Cost-Basis Approach 9 Inventories: Additional Valuation Issues 10 Acquisition and Disposition of Property, Plant, and Equipment 11 Depreciation, Impairments, and Depletion 12 Intangible Assets 13 Current Liabilities, Provisions, and Contingencies 14 Non-Current Liabilities 15 Equity 16 Dilutive Securities and Earnings per Share 17 Investments 18 Revenue Recognition 19 Accounting for Income Taxes 20 Accounting for Pensions and Postretirement Benefits 21 Accounting for Leases 22 Accounting Changes and Error Analysis 23 Statement of Cash Flows 24 Presentation and Disclosure in FinancialReporting APPENDICES: A Specimen Financial Statements: Marks and SpencerGroup plc A-1 B Specimen Financial Statements: adidas AG B-1 C Specimen Financial Statements: Puma SE C-1.