A Guide to International Financial Reporting Standards

Needles (DePaul U.) and Powers (Northwestern U.) offer a guide to International Financial Reporting Standards (IFRS) for professionals and business students in beginning or intermediate accounting courses. They explain the standards' history, structure, and status, and differences from the US Generally Accepted Accounting Principles. They cover their origins, benefits and limitations, conceptual framework and financial statements, the future structure of financial statements, and aspects for small and medium-sized entities. This edition has rewritten and revamped problems at the end of each section to include additional questions and changes to IFRS coverage on the CPA exam, changes to revenue recognition and leases, CPA exam updates, and a revised conceptual framework section based on the revision to the framework by the International Accounting Standards Board. There is no index. Annotation c2013 Book News, Inc., Portland, OR (booknews.com)