Download Intermediate Accounting IFRS Edition Volume 1 PDF and Boost Your Accounting Skills
Intermediate Accounting IFRS Edition Volume 1 PDF Download
If you are a student or a professional who wants to learn more about intermediate accounting and international financial reporting standards (IFRS), you might be interested in downloading the PDF version of Intermediate Accounting IFRS Edition Volume 1. This book, written by Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield, is one of the most comprehensive and authoritative texts on the subject. In this article, we will explain what intermediate accounting and IFRS are, why they are important, how you can download the PDF file of the book, and what are the main topics covered in the book.
Intermediate Accounting Ifrs Edition Volume 1 Pdf Download
What is Intermediate Accounting?
Intermediate accounting is a branch of accounting that deals with the preparation and analysis of financial statements. It covers topics such as accounting principles, standards, concepts, frameworks, policies, methods, procedures, practices, and techniques that are used to measure, record, report, and disclose financial information. Intermediate accounting also involves applying accounting theory and research to solve complex accounting problems and cases.
What is IFRS?
IFRS stands for International Financial Reporting Standards. They are a set of accounting standards that are issued by the International Accounting Standards Board (IASB), an independent organization that aims to promote high-quality and consistent financial reporting across the world. IFRS are designed to provide a common language for financial communication and to enhance comparability, transparency, reliability, and relevance of financial information. IFRS are adopted by more than 140 countries and jurisdictions as their primary or secondary basis of accounting.
Why is Intermediate Accounting IFRS Edition Volume 1 important?
Intermediate Accounting IFRS Edition Volume 1 is important because it helps students and professionals to understand intermediate accounting concepts and practices in the context of IFRS. The book provides essential knowledge of IFRS and how they are applied in practice. It also compares and contrasts IFRS with other important accounting standards, such as U.S. GAAP, and discusses the ongoing joint convergence efforts to resolve the differences. The book also prepares students and professionals for the requirements they will face in the global accounting environment.
Benefits of learning Intermediate Accounting with IFRS
Learning Intermediate Accounting with IFRS can help you to develop a firm conceptual understanding of accounting and a strong analytical and critical thinking skills.
Learning Intermediate Accounting with IFRS can help you to gain practical knowledge and experience of applying IFRS to real-world accounting situations and scenarios.
Learning Intermediate Accounting with IFRS can help you to enhance your professional competence and credibility in the global accounting market.
Learning Intermediate Accounting with IFRS can help you to prepare for professional exams and certifications that require knowledge of IFRS, such as the CPA, CMA, ACCA, CFA, and others.
Challenges of learning Intermediate Accounting with IFRS
Learning Intermediate Accounting with IFRS can be challenging because it requires a lot of time, effort, and dedication to master the complex and dynamic accounting topics and standards.
Learning Intermediate Accounting with IFRS can be challenging because it requires a lot of research, analysis, and judgment to deal with the diversity and ambiguity of accounting issues and cases.
Learning Intermediate Accounting with IFRS can be challenging because it requires a lot of adaptation and flexibility to cope with the changes and updates in the accounting environment and regulations.
How to download Intermediate Accounting IFRS Edition Volume 1 PDF?
If you want to download Intermediate Accounting IFRS Edition Volume 1 PDF, you have several options. Here are some of them:
Option 1: Buy the book online
The easiest and most reliable way to get the PDF file of the book is to buy it online from a reputable seller. You can find the book on various online platforms, such as Amazon, Google Books, Wiley, and others. The price of the book may vary depending on the seller, the edition, the format, and the delivery options. You can also check the reviews and ratings of the book before buying it.
Option 2: Access the book through a library or a subscription service
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What are the main topics covered in Intermediate Accounting IFRS Edition Volume 1?
Intermediate Accounting IFRS Edition Volume 1 covers 11 chapters that span various topics related to intermediate accounting and IFRS. Here are some brief summaries of each chapter:
Chapter 1: The International Financial Reporting Standards Framework
This chapter introduces the concept and history of IFRS, the structure and role of the IASB, the due process for developing and issuing IFRS, the conceptual framework for financial reporting, and the objectives and qualitative characteristics of financial information.
Chapter 2: The Accounting Information System
Chapter 3: Income Statement and Related Information
This chapter discusses the components and format of the income statement, the measurement and reporting of revenues and expenses, the recognition and presentation of gains and losses, the analysis and interpretation of income statement information, and the differences between IFRS and U.S. GAAP regarding income statement.
Chapter 4: Statement of Financial Position and Statement of Cash Flows
This chapter covers the components and format of the statement of financial position (balance sheet), the measurement and classification of assets, liabilities, and equity, the disclosure and analysis of financial position information, the purpose and format of the statement of cash flows, the preparation and analysis of the statement of cash flows using the direct and indirect methods, and the differences between IFRS and U.S. GAAP regarding financial position and cash flows.
Chapter 5: Time Value of Money
This chapter explains the concept and importance of time value of money, the basic principles and formulas of interest calculation, the valuation and amortization of single amounts, annuities, bonds, leases, pensions, and other financial instruments using present value and future value techniques, and the application of time value of money concepts to accounting problems and cases.
Chapter 6: Cash and Receivables
This chapter describes the nature and types of cash and cash equivalents, the internal control and reporting of cash, the nature and types of receivables, the recognition and measurement of trade receivables, the accounting for notes receivable and imputed interest, the methods and procedures for estimating uncollectible accounts receivable, the presentation and disclosure of receivables, and the differences between IFRS and U.S. GAAP regarding cash and receivables.
Chapter 7: Inventories
This chapter defines the term inventory and identifies its major classifications, explains the cost flow assumptions (FIFO, LIFO, weighted-average) for inventory valuation under periodic and perpetual systems, discusses the effects of inventory errors on financial statements, evaluates the methods for estimating inventory cost (retail method, gross profit method), analyzes the inventory management techniques (inventory turnover ratio, days in inventory), examines the accounting for inventory impairments (lower-of-cost-or-net realizable value rule), compares the inventory valuation methods under IFRS and U.S. GAAP (LIFO prohibition), and illustrates the presentation and disclosure of inventories.
Chapter 8: Property, Plant, and Equipment
exchange, involuntary conversion), and presents and discloses PPE information.
Chapter 9: Intangible Assets
This chapter defines the term intangible asset and distinguishes it from goodwill, identifies the types and characteristics of intangible assets (patents, trademarks, copyrights, franchises, licenses, etc.), explains the recognition and measurement of intangible assets acquired individually, as part of a group, or through internal development, discusses the amortization methods (straight-line, units-of-production) and impairment tests (recoverable amount test, fair value test) for intangible assets under IFRS and U.S. GAAP, examines the revaluation model for intangible assets under IFRS (revaluation surplus or deficit), and illustrates the presentation and disclosure of intangible assets.
Chapter 10: Provisions and Contingencies
This chapter defines the terms provision and contingency and explains their accounting implications, describes the recognition criteria and measurement bases for provisions and contingencies under IFRS and U.S. GAAP, identifies the common types of provisions and contingencies (warranties, lawsuits, environmental obligations, etc.), evaluates the effects of provisions and contingencies on financial statements and ratios, and demonstrates the presentation and disclosure of provisions and contingencies.
Chapter 11: Non-Current Liabilities
This chapter defines the term non-current liability and identifies its major categories (bonds payable, leases payable, pensions payable, etc.), explains the issuance and valuation of bonds payable at face value, premium, or discount, discusses the accounting for bond interest expense using the effective-interest method or the straight-line method, accounts for bond redemption at maturity or before maturity at par value or above/below par value, analyzes the advantages and disadvantages of issuing bonds versus issuing shares, describes the classification and measurement of leases under IFRS and U.S. GAAP (finance lease or operating lease), explains the recognition and measurement of pensions under IFRS and U.S. GAAP (defined contribution plan or defined benefit plan), and illustrates the presentation and disclosure of non-current liabilities.
In conclusion, Intermediate Accounting IFRS Edition Volume 1 is a valuable resource for anyone who wants to learn intermediate accounting concepts and practices in the context of IFRS. The book covers 11 chapters that span various topics related to intermediate accounting and IFRS. The book also provides numerous examples, exercises, cases, and references to help students and professionals apply their knowledge to real-world situations. The book is available in PDF format from various sources online. However, users should be careful when downloading PDF files online and respect the intellectual property rights of the authors and publishers.
Q: Who are the authors of Intermediate Accounting IFRS Edition Volume 1?
researching, and writing about accounting and IFRS.
Q: What is the difference between Intermediate Accounting IFRS Edition and Intermediate Accounting U.S. GAAP Edition?
A: The main difference is that Intermediate Accounting IFRS Edition focuses on IFRS as the primary basis of accounting, while Intermediate Accounting U.S. GAAP Edition focuses on U.S. GAAP as the primary basis of accounting. However, both editions also compare and contrast IFRS and U.S. GAAP and discuss the convergence efforts between them.
Q: How many volumes are there in Intermediate Accounting IFRS Edition?
A: There are two volumes in Intermediate Accounting IFRS Edition. Volume 1 covers chapters 1 to 11, while Volume 2 covers chapters 12 to 24.
Q: What are some of the features and benefits of Intermediate Accounting IFRS Edition?
A: Some of the features and benefits of Intermediate Accounting IFRS Edition are:
It provides comprehensive and up-to-date coverage of IFRS and how they are applied in practice.
It takes a comparative approach to help students understand the differences between IFRS, U.S. GAAP, and other important accounting standards.
It emphasizes practical application of knowledge with end-of-chapter review and practice sections.
It provides authoritative references and citations to ensure content reliability and provide opportunities for further study.
It includes access to video walkthroughs, interactive content, and digital resources to support student engagement and ensure positive learning outcomes.
Q: How can I access the video walkthroughs, interactive content, and digital resources that come with Intermediate Accounting IFRS Edition?
A: You can access them through the WileyPLUS online learning platform. You will need to register and sign in to use the platform. You will also need a course ID from your instructor or a purchase code from your seller.