IFRS for Small and Medium-Sized Enterprises Structuring the Transition Process /

• Main Author: Wittsiepe, Richard (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Wiesbaden : Gabler, 2008.
• Subjects: Business.; Accounting.; Bookkeeping.; Business and Management.; Accounting/Auditing.

In the process of converting to IFRS, a number of practical questions arise concerning the structures of the accounting area department of medium-sized enterprises as well as the issue of effectively updating financial statements once converted, which have thus far not been addressed in the debate....

Table of Contents:

• European Accounting and Financial Reporting Environment
• General Developments within the European Union
• Theory of International Accounting
• Harmonisation of Accounting Systems in the European Union
• The 4th EU Directive/IFRS Framework — Main Differences
• Financial Accounting and Reporting in the European Union
• Small and Medium-Sized Companies — Analysing the Transition Process
• The Project of the IASB for Small and Medium-Sized Entities
• Hierarchy of IFRS Statements
• The Audit Process — Theory and Practice Developments
• The Auditing Profession and Structure of the Audit Process
• Standard Audit Process — Theory and Concepts
• Standard Audit Procedures and Structure of IFRS Level I Statements
• — Detailed Relevant IAS Statements Ist Level — Decision Structure
• Inventories and Cost of Sales Section
• IAS 11-Construction Contracts
• Property, Plant and Equipment
• IAS 17-Leases
• IAS 40 — Investment Property
• IFRS 5 — Non-Current Assets Held for Sale and Discontinued Operations
• IAS 36 — Impairment of Assets
• IAS 38 — Intangible Assets
• IAS 37 — Provisions, Contingent Liabilities and Contingent Assets
• IAS 12-Income Taxes
• IAS 18 — Revenue Recognition
• IAS 8 — Accounting Policies, Changes in Accounting Estimates and Errors.