{"product_id":"the-impact-of-ifrs-on-industry-isbn-9781119047582","title":"The Impact of IFRS on Industry","description":"\u003cb\u003eThe industry-specific guide to IFRS interpretation and application\u003c\/b\u003e  \u003cp\u003eOne of the biggest challenges of any reporting standard is how best to interpret and implement it in the context of a specific company or industry, given that each industry has its own intricacies and nuances. \u003ci\u003eThe Impact of IFRS on Industry\u003c\/i\u003e provides specific guidance on applying IFRS in a diverse range of sectors.\u003c\/p\u003e \u003cp\u003eOpening with an overview of IFRS, including a summary of all the standards, the book goes on to provide detailed coverage of the standards that can impact all industries, including IAS-40, IFRS 1, and IFRS 5. Thereafter, it offers practical advice and guidance on the application of IFRS in specific industries, including automotive; oil and gas; bio-sciences; infrastructure; airlines; media and communications; government-owned entities; mining; software; banking and financial services; insurance; FMCG; shipping; pharmaceuticals; telecoms; real estate and construction; power; SMEs; retail; e-commerce; and the service sector. The book concludes with a discussion on the collateral impact of implementing IFRS and how forthcoming IFRS Standards could impact specific industries.\u003c\/p\u003e \u003cp\u003eWorked examples are used throughout to demonstrate how the standards are applied in practice.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eUnderstand the IFRS standards comprehensively\u003c\/li\u003e \u003cli\u003eLearn which standards impact all industries\u003c\/li\u003e \u003cli\u003eExamine the ways in which IFRS is applied in practice\u003c\/li\u003e \u003cli\u003eSee how different standards are applied in specific industries\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eSuitable as a quick reference or a comprehensive guide, \u003ci\u003eThe Impact of IFRS on Industry\u003c\/i\u003e gives you the real-world IFRS answers you need.\u003c\/p\u003e \u003cp\u003ePreface vii\u003c\/p\u003e \u003cp\u003eAcknowledgements ix\u003c\/p\u003e \u003cp\u003e1 Introduction: The Background and Evolution of IFRS, and a Discussion on Why IFRS Would Have an Impact on Industry 1\u003c\/p\u003e \u003cp\u003e2 Summary of Disclosures Under IFRS Standards 7\u003c\/p\u003e \u003cp\u003e3 IFRS Standards that Could Impact All Industries 43\u003c\/p\u003e \u003cp\u003e4 The Impact of IFRS Standards on Specific Industries 75\u003c\/p\u003e \u003cp\u003e5 Forthcoming IFRS Standards That Could Impact Industry 231\u003c\/p\u003e \u003cp\u003e6 Collateral Impact of a Transition to IFRS 237\u003c\/p\u003e \u003cp\u003eAfterword 245\u003c\/p\u003e \u003cp\u003eAppendix: Impact Summary 247\u003c\/p\u003e \u003cp\u003eIndex 251\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eMohan R. Lavi\u003c\/b\u003e is the Finance Director of Ellucian Higher Education Systems India Pvt Ltd, Bangalore, and owns a consulting firm, Arthazastra Management Services India Pvt Ltd. He is a chartered accountant with over twenty years of experience across a wide variety of industries.    \u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe industry-specific guide to the interpretation and application of IFRS\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eHow best to interpret and implement IFRS in the context of a specific company or industry can be challenging. \u003ci\u003eThe Impact of IFRS on Industry\u003c\/i\u003e offers industry leaders, corporate accountants, auditors and analysts an overview of IFRS and summarises the applicable standards for a wide range of industries. In addition, the text provides detailed coverage of the standards that can impact all industries, including IAS-40, IFRS 1, and IFRS 5. \u003c\/p\u003e\u003cp\u003eThis invaluable resource is filled with practical advice on the application of IFRS in specific industries, including automotive, oil and gas, bio-sciences, infrastructure, airlines, media and communications, government-owned entities, mining, software, banking and financial services, insurance, FMCG, shipping, pharmaceuticals, telecoms, real estate and construction, power, SMEs, retail, e-commerce and the service sector. The author includes illustrative examples that demonstrate how the standards are applied in practice and offers a discussion on the collateral impact of implementing IFRS and how forthcoming IFRS Standards could affect specific industries. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Impact of IFRS on Industry\u003c\/i\u003e is both a quick reference and a comprehensive guide, providing practical advice on the application of IFRS for accountants in a wide variety of industries.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990263218405,"sku":"NP9781119047582","price":100.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119047582.jpg?v=1761787113","url":"https:\/\/k12savings.com\/es\/products\/the-impact-of-ifrs-on-industry-isbn-9781119047582","provider":"K12savings","version":"1.0","type":"link"}