{"product_id":"managing-the-transition-to-ifrs-based-financial-reporting-isbn-9781118643747","title":"Managing the Transition to IFRS-Based Financial Reporting","description":"\u003cb\u003eThe one-stop guide to transitioning to IFRS financial reporting\u003c\/b\u003e  \u003cp\u003eThe International Financial Reporting Standards (IFRS) have already been adopted in Europe, and plans are in place to transition to IFRS reporting in the UK, India, Japan, and other major economies. The US is deliberating the nature of its convergence with IFRS and US entities will need to understand the implications of transition. This means all finance managers and financial controllers will be responsible, not only for understanding IFRS, but for making the transition and dealing with implications. \u003ci\u003eManaging the Transition to IFRS-Based Financial Reporting\u003c\/i\u003e is a one-stop resource for navigating this major change. Case studies and project management advice help move smoothly from GAAP to IFRS principles and requirements.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eManaging the Transition to IFRS-Based Financial Reporting\u003c\/i\u003e is the only book on the market that focuses on both the accounting and non-accounting implications of IFRS transition. This complete approach will guide you from the history and conceptual basis of IFRS through each stage of the transition process, ensuring expert change management and fluid communication from start to finish.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eTakes a holistic approach, covering non-accounting implications like educating and communicating IFRS requirements\u003c\/li\u003e \u003cli\u003eProvides case studies to illustrate best practices for moving to the new international standards\u003c\/li\u003e \u003cli\u003eProvides a framework for planning and executing the entire IFRS transition project\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWith nearly two decades of financial training experience, author Lisa Weaver is imminently qualified to deliver clear, concise, and understandable content. In addition, the reference material and other resources in \u003ci\u003eManaging the Transition to IFRS-Based Financial Reporting\u003c\/i\u003e will help you simplify the transition and take advantage of all the benefits IFRS reporting confers.\u003c\/p\u003e  \u003cp\u003eList of Tables vii\u003c\/p\u003e \u003cp\u003eList of Figures ix\u003c\/p\u003e \u003cp\u003eList of Case Studies xi\u003c\/p\u003e \u003cp\u003eForeword xiii\u003c\/p\u003e \u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eDisclaimer xvii\u003c\/p\u003e \u003cp\u003eAcknowledgements xix\u003c\/p\u003e \u003cp\u003eAbout the Author xxi\u003c\/p\u003e \u003cp\u003eIntroduction xxiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eI: Understanding the Framework of Performing a Transition to IFRS-based Financial Reporting 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 International Financial Reporting in Context 3\u003c\/p\u003e \u003cp\u003e2 The Conceptual Framework of IFRS, Accounting Policies and the Presentation of Financial Statements 25\u003c\/p\u003e \u003cp\u003e3 IFRS 1 First-time Adoption of IFRS 43\u003c\/p\u003e \u003cp\u003e\u003cb\u003eII: Planning and Implementing a Transition Project 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4 Establishing the IFRS Transition Project 69\u003c\/p\u003e \u003cp\u003e5 Assessing the Accounting Impacts of IFRS Transition 105\u003c\/p\u003e \u003cp\u003e6 Wider Transitional Issues – Systems, Internal Audit and the Audit Committee, and Commercial Implications 129\u003c\/p\u003e \u003cp\u003e7 Training, Communication and Change Management 163\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIII: The Way Forward – Developments in Selected Countries 187\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8 The Transition to New UK GAAP 189\u003c\/p\u003e \u003cp\u003e9 The Way Forward – The Move Towards IFRS in the US and Selected Other Countries 207\u003c\/p\u003e \u003cp\u003eAppendix 1: IASB Standards 223\u003c\/p\u003e \u003cp\u003eAppendix 2: Useful Reference Material and Further Reading 225\u003c\/p\u003e \u003cp\u003eAppendix 3: Summary of IFRS Transition Planning Considerations 229\u003c\/p\u003e \u003cp\u003eBibliography 231\u003c\/p\u003e \u003cp\u003eIndex 237\u003c\/p\u003e \u003cp\u003e\u003cb\u003eLISA WEAVER\u003c\/b\u003e, is a professionally qualified accountant and a Fellow of the Institute of Chartered Accountants in England and Wales. After working in audit for several years, she moved into training and education and has lectured on financial reporting, audit and governance topics in the UK and Ireland, the Caribbean, and in Hong Kong and China. She is currently a Teaching Fellow in Accounting at Aston Business School, part of Aston University in the UK.\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eA complete guide to understanding and managing the transition to IFRS\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFollowing the lead of the EU, companies in the UK and other countries around the world will be required to move to IFRS-based financial reporting over the next few years. While there are numerous resources available dealing with IFRS requirements and accounting principles, this is the first book to provide a comprehensive guide to planning and implementing a transition that also covers the wider commercial implications, and puts the transition into a project management context.\u003c\/p\u003e \u003cp\u003eWritten by a leading educator and trainer in financial reporting, \u003ci\u003eManaging the Transition to IFRS-based Financial Reporting\u003c\/i\u003e largely avoids highly technical financial reporting concepts and instead focuses on the practical points that need to be considered when preparing to adopt IFRS.\u003c\/p\u003e \u003cp\u003ePart One of the book provides an overview of the framework of a transition to IFRS, as well as a discussion on the international harmonisation of financial reporting. Part Two provides practical guidance on planning and implementing an IFRS transition, including accounting considerations and wider transitional issues. Part Three looks ahead to the impact of transitions to IFRS by companies in the US, Japan and the BRIC nations, and includes coverage of the transition to the new UK GAAP.\u003c\/p\u003e \u003cp\u003eA truly comprehensive guide, this book covers the practical implications of the transition at all levels of a company, a topic that is very important but often overlooked by those both teaching and learning about the subject.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989568897253,"sku":"NP9781118643747","price":95.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118643747.jpg?v=1761784634","url":"https:\/\/k12savings.com\/products\/managing-the-transition-to-ifrs-based-financial-reporting-isbn-9781118643747","provider":"K12savings","version":"1.0","type":"link"}