The Third Edition of Intermediate Accounting: IFRS Edition provides the tools global accounting students need to understand IFRS and how it is applied in practice. The emphasis on fair value, the proper accounting for financial instruments, and the new developments related to leasing, revenue recognition, and financial statement presentation are examined in light of current practice. Global Accounting Insights highlight the important differences that remain between IFRS and U.S. GAAP, and discuss the ongoing joint convergence efforts to resolve them. Comprehensive, up-to-date, and accurate, Intermediate Accounting: IFRS Edition includes proven pedagogical tools, designed to help students learn more effectively and to answer the changing needs of this course.

TABLE OF CONTENTS
Chapter 1: Financial Reporting and Accounting Standards

Chapter 2: Conceptual Framework for Financial Reporting

Chapter 3: The Accounting Information System

Chapter 4: Income Statement and Related Information

Chapter 5: Statement of Financial Position and Statement of Cash Flows

Chapter 6: Accounting and the Time Value of Money

Chapter 7: Cash and Receivables

Chapter 8: Valuation of Inventories: A Cost-Basis Approach

Chapter 9: Inventories: Additional Valuation Issues

Chapter 10: Acquisition and Disposition of Property, Plant, and Equipment

Chapter 11: Depreciation, Impairments, and Depletion

Chapter 12: Intangible Assets

Chapter 13: Current Liabilities, Provision, and Contingencies

Chapter 14: Non-Current Liabilities

Chapter 15: Equity

Chapter 16: Dilutive Securities and Earnings per Share

Chapter 17: Investments

Chapter 18: Revenue Recognition

Chapter 19: Accounting for Income Taxes

Chapter 20: Accounting for Pensions and Postretirement Benefits

Chapter 21: Accounting for Leases

Chapter 22: Accounting Changes and Error Analysis

Chapter 23: Statement of Cash Flows

Chapter 24: Presentation and Disclosure in Financial Reporting

Appendix A: Specimen Financial Statements: Mark and Spencer Group plc

Appendix B: Specimen Financial Statements: adidas AG

Appendix C: Specimen Financial Statements: Puma Group

Index