International Financial Reporting Standards : A Practical Guide, Sixth Edition
An acceptable coherent framework of fundamental accounting principles is essential for preparing financial statements. The major reasons for providing the framework are to: 1) identify the essential concepts underlying the preparation and presentat...
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| Language: | English |
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World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20110411025920 http://hdl.handle.net/10986/2288 |
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okr-10986-2288 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCELERATED DEPRECIATION ACCOUNTING ACCOUNTING STANDARDS ACCOUNTS RECEIVABLE ACTIVE MARKET ACTUARIAL ASSUMPTIONS AMORTIZATION ASSET EXPROPRIATION BALANCE SHEET BANKING INDUSTRY BANKRUPTCY BANKS BENEFIT PLAN BENEFIT PLANS BEST PRACTICES BOND FINANCIAL POSITION FINANCIAL SECURITIES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCING REQUIREMENTS FIRM VALUATION FIXED ASSET FIXED ASSETS FIXED COUPON FIXED COUPON RATE FOREIGN EXCHANGE FRAUD FUTURE CASH FLOWS FUTURE CASH INFLOWS GLOBAL STANDARDS GOVERNMENT ASSISTANCE GOVERNMENT GRANTS HOLD TO MATURITY HOLDING HOUSING FINANCE INCOME INCOME STREAM INCOME TAX INCOME TAXES INFLATION INSTALLMENT SALES INSURANCE INSURANCE COMPANIES INTANGIBLE INTANGIBLE ASSET INTANGIBLE ASSETS INTEREST CAPITALIZATION INTEREST CHARGE INTEREST COST INTEREST COSTS INTEREST PAYMENT INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL STANDARDS INVENTORIES INVENTORY INVESTMENT ACCOUNT INVESTMENT AGREEMENTS INVESTMENT CHOICES INVESTMENT DECISIONS INVESTMENT GAINS INVESTMENT OFFICERS ISSUANCE JOINT VENTURES LARGE COMPANIES LEGAL ENVIRONMENT LENDER LENDERS LIABILITY LIQUIDITY LIQUIDITY RATIO LIQUIDITY RATIOS LOAN LONG-TERM INVESTMENTS MACROECONOMIC VARIABLES MARKET CONDITIONS MARKET DEMAND MARKET PARTICIPANTS MARKET PRICES MARKET YIELDS MARKETING MATURITY MORTGAGE NET DEBT OUTPUT PARENT COMPANY PAYMENT FLOWS PENSION PENSION PLAN PENSION PLANS PHYSICAL ASSET PHYSICAL ASSETS POLITICAL UNREST PORTFOLIO PORTFOLIO MANAGEMENT PORTFOLIOS PRESENT VALUE PRINCIPAL PAYMENTS PROBABILITY PROFIT MARGIN PROFITABILITY PUBLIC MARKET PUT OPTION PUT OPTIONS RATE OF RETURN REGULATORS REINVESTMENT RENTAL PAYMENT RENTS REPAYMENTS RETAINED EARNINGS RETIREMENT RETIREMENT BENEFIT RETIREMENT BENEFITS RETURN RETURN ON ASSET RETURN ON ASSETS RETURNS ROA ROE SALARIES SALE SAVINGS SECURITIES SETTLEMENT SHAREHOLDERS SHAREHOLDING STAKEHOLDERS STATUTORY TAX RATE STOCK EXCHANGE SUBSCRIPTION SWAPS TAX TAX BENEFIT TAX LIABILITIES TAX LIABILITY TAX RATE TAX RATES TAX RULES TAX SHELTERS TAXABLE INCOME TRADING TRANSACTION TRANSPARENCY TRUSTEES TURNOVER TURNOVER RATIO TYPES OF PENSION VALUABLE VALUATION VALUE OF PENSION VOTING SHARES WAGE WAGE GROWTH WAGES WAREHOUSE WARRANTS WORKING CAPITAL |
| spellingShingle |
ACCELERATED DEPRECIATION ACCOUNTING ACCOUNTING STANDARDS ACCOUNTS RECEIVABLE ACTIVE MARKET ACTUARIAL ASSUMPTIONS AMORTIZATION ASSET EXPROPRIATION BALANCE SHEET BANKING INDUSTRY BANKRUPTCY BANKS BENEFIT PLAN BENEFIT PLANS BEST PRACTICES BOND FINANCIAL POSITION FINANCIAL SECURITIES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCING REQUIREMENTS FIRM VALUATION FIXED ASSET FIXED ASSETS FIXED COUPON FIXED COUPON RATE FOREIGN EXCHANGE FRAUD FUTURE CASH FLOWS FUTURE CASH INFLOWS GLOBAL STANDARDS GOVERNMENT ASSISTANCE GOVERNMENT GRANTS HOLD TO MATURITY HOLDING HOUSING FINANCE INCOME INCOME STREAM INCOME TAX INCOME TAXES INFLATION INSTALLMENT SALES INSURANCE INSURANCE COMPANIES INTANGIBLE INTANGIBLE ASSET INTANGIBLE ASSETS INTEREST CAPITALIZATION INTEREST CHARGE INTEREST COST INTEREST COSTS INTEREST PAYMENT INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL STANDARDS INVENTORIES INVENTORY INVESTMENT ACCOUNT INVESTMENT AGREEMENTS INVESTMENT CHOICES INVESTMENT DECISIONS INVESTMENT GAINS INVESTMENT OFFICERS ISSUANCE JOINT VENTURES LARGE COMPANIES LEGAL ENVIRONMENT LENDER LENDERS LIABILITY LIQUIDITY LIQUIDITY RATIO LIQUIDITY RATIOS LOAN LONG-TERM INVESTMENTS MACROECONOMIC VARIABLES MARKET CONDITIONS MARKET DEMAND MARKET PARTICIPANTS MARKET PRICES MARKET YIELDS MARKETING MATURITY MORTGAGE NET DEBT OUTPUT PARENT COMPANY PAYMENT FLOWS PENSION PENSION PLAN PENSION PLANS PHYSICAL ASSET PHYSICAL ASSETS POLITICAL UNREST PORTFOLIO PORTFOLIO MANAGEMENT PORTFOLIOS PRESENT VALUE PRINCIPAL PAYMENTS PROBABILITY PROFIT MARGIN PROFITABILITY PUBLIC MARKET PUT OPTION PUT OPTIONS RATE OF RETURN REGULATORS REINVESTMENT RENTAL PAYMENT RENTS REPAYMENTS RETAINED EARNINGS RETIREMENT RETIREMENT BENEFIT RETIREMENT BENEFITS RETURN RETURN ON ASSET RETURN ON ASSETS RETURNS ROA ROE SALARIES SALE SAVINGS SECURITIES SETTLEMENT SHAREHOLDERS SHAREHOLDING STAKEHOLDERS STATUTORY TAX RATE STOCK EXCHANGE SUBSCRIPTION SWAPS TAX TAX BENEFIT TAX LIABILITIES TAX LIABILITY TAX RATE TAX RATES TAX RULES TAX SHELTERS TAXABLE INCOME TRADING TRANSACTION TRANSPARENCY TRUSTEES TURNOVER TURNOVER RATIO TYPES OF PENSION VALUABLE VALUATION VALUE OF PENSION VOTING SHARES WAGE WAGE GROWTH WAGES WAREHOUSE WARRANTS WORKING CAPITAL Van Greuning, Hennie Scott, Darrel Terblanche, Simonet International Financial Reporting Standards : A Practical Guide, Sixth Edition |
| description |
An acceptable coherent framework of
fundamental accounting principles is essential for preparing
financial statements. The major reasons for providing the
framework are to: 1) identify the essential concepts
underlying the preparation and presentation of financial
statements; 2) guide standard setters in developing new
accounting standards and reviewing existing standards; 3)
assist preparers in preparing financial statements and
dealing with topics that are not covered by a specific
International Financial Reporting Standard (IFRS); 4) assist
auditors in forming an opinion as to whether a set of
financial statements conforms with IFRS; and 5) assist users
in interpreting the financial information contained in a set
of financial statements that comply with IFRS. The framework
sets guidelines and should not be seen as a constitution;
nothing in the framework overrides any specific standard.
The objective of financial statements is to provide
information about the financial position (statement of
financial position), performance (statement of comprehensive
income), and changes in financial position (statement of
cash flows) of an entity that is useful to a wide range of
users in making economic decisions. Users of financial
information include present and potential capital providers,
employees, lenders, suppliers, customers, and the
government. Financial statements also show the results of
management's stewardship of the resources entrusted to it. |
| format |
Publications & Research :: Publication |
| author |
Van Greuning, Hennie Scott, Darrel Terblanche, Simonet |
| author_facet |
Van Greuning, Hennie Scott, Darrel Terblanche, Simonet |
| author_sort |
Van Greuning, Hennie |
| title |
International Financial Reporting
Standards : A Practical Guide, Sixth Edition |
| title_short |
International Financial Reporting
Standards : A Practical Guide, Sixth Edition |
| title_full |
International Financial Reporting
Standards : A Practical Guide, Sixth Edition |
| title_fullStr |
International Financial Reporting
Standards : A Practical Guide, Sixth Edition |
| title_full_unstemmed |
International Financial Reporting
Standards : A Practical Guide, Sixth Edition |
| title_sort |
international financial reporting
standards : a practical guide, sixth edition |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20110411025920 http://hdl.handle.net/10986/2288 |
| _version_ |
1764385185825030144 |
| spelling |
okr-10986-22882021-04-23T14:02:00Z International Financial Reporting Standards : A Practical Guide, Sixth Edition Van Greuning, Hennie Scott, Darrel Terblanche, Simonet ACCELERATED DEPRECIATION ACCOUNTING ACCOUNTING STANDARDS ACCOUNTS RECEIVABLE ACTIVE MARKET ACTUARIAL ASSUMPTIONS AMORTIZATION ASSET EXPROPRIATION BALANCE SHEET BANKING INDUSTRY BANKRUPTCY BANKS BENEFIT PLAN BENEFIT PLANS BEST PRACTICES BOND FINANCIAL POSITION FINANCIAL SECURITIES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCING REQUIREMENTS FIRM VALUATION FIXED ASSET FIXED ASSETS FIXED COUPON FIXED COUPON RATE FOREIGN EXCHANGE FRAUD FUTURE CASH FLOWS FUTURE CASH INFLOWS GLOBAL STANDARDS GOVERNMENT ASSISTANCE GOVERNMENT GRANTS HOLD TO MATURITY HOLDING HOUSING FINANCE INCOME INCOME STREAM INCOME TAX INCOME TAXES INFLATION INSTALLMENT SALES INSURANCE INSURANCE COMPANIES INTANGIBLE INTANGIBLE ASSET INTANGIBLE ASSETS INTEREST CAPITALIZATION INTEREST CHARGE INTEREST COST INTEREST COSTS INTEREST PAYMENT INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL STANDARDS INVENTORIES INVENTORY INVESTMENT ACCOUNT INVESTMENT AGREEMENTS INVESTMENT CHOICES INVESTMENT DECISIONS INVESTMENT GAINS INVESTMENT OFFICERS ISSUANCE JOINT VENTURES LARGE COMPANIES LEGAL ENVIRONMENT LENDER LENDERS LIABILITY LIQUIDITY LIQUIDITY RATIO LIQUIDITY RATIOS LOAN LONG-TERM INVESTMENTS MACROECONOMIC VARIABLES MARKET CONDITIONS MARKET DEMAND MARKET PARTICIPANTS MARKET PRICES MARKET YIELDS MARKETING MATURITY MORTGAGE NET DEBT OUTPUT PARENT COMPANY PAYMENT FLOWS PENSION PENSION PLAN PENSION PLANS PHYSICAL ASSET PHYSICAL ASSETS POLITICAL UNREST PORTFOLIO PORTFOLIO MANAGEMENT PORTFOLIOS PRESENT VALUE PRINCIPAL PAYMENTS PROBABILITY PROFIT MARGIN PROFITABILITY PUBLIC MARKET PUT OPTION PUT OPTIONS RATE OF RETURN REGULATORS REINVESTMENT RENTAL PAYMENT RENTS REPAYMENTS RETAINED EARNINGS RETIREMENT RETIREMENT BENEFIT RETIREMENT BENEFITS RETURN RETURN ON ASSET RETURN ON ASSETS RETURNS ROA ROE SALARIES SALE SAVINGS SECURITIES SETTLEMENT SHAREHOLDERS SHAREHOLDING STAKEHOLDERS STATUTORY TAX RATE STOCK EXCHANGE SUBSCRIPTION SWAPS TAX TAX BENEFIT TAX LIABILITIES TAX LIABILITY TAX RATE TAX RATES TAX RULES TAX SHELTERS TAXABLE INCOME TRADING TRANSACTION TRANSPARENCY TRUSTEES TURNOVER TURNOVER RATIO TYPES OF PENSION VALUABLE VALUATION VALUE OF PENSION VOTING SHARES WAGE WAGE GROWTH WAGES WAREHOUSE WARRANTS WORKING CAPITAL An acceptable coherent framework of fundamental accounting principles is essential for preparing financial statements. The major reasons for providing the framework are to: 1) identify the essential concepts underlying the preparation and presentation of financial statements; 2) guide standard setters in developing new accounting standards and reviewing existing standards; 3) assist preparers in preparing financial statements and dealing with topics that are not covered by a specific International Financial Reporting Standard (IFRS); 4) assist auditors in forming an opinion as to whether a set of financial statements conforms with IFRS; and 5) assist users in interpreting the financial information contained in a set of financial statements that comply with IFRS. The framework sets guidelines and should not be seen as a constitution; nothing in the framework overrides any specific standard. The objective of financial statements is to provide information about the financial position (statement of financial position), performance (statement of comprehensive income), and changes in financial position (statement of cash flows) of an entity that is useful to a wide range of users in making economic decisions. Users of financial information include present and potential capital providers, employees, lenders, suppliers, customers, and the government. Financial statements also show the results of management's stewardship of the resources entrusted to it. 2012-03-19T09:03:18Z 2012-03-19T09:03:18Z 2011-03-02 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20110411025920 978-0-8213-8428-2 http://hdl.handle.net/10986/2288 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication |