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020    9781118644188|q(electronic bk.) 
020    |z9781118643747 
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035    (Au-PeEL)EBL1691885 
035    (CaPaEBR)ebr10874723 
035    (CaONFJC)MIL611515 
035    (OCoLC)880409109 
040    MiAaPQ|beng|erda|epn|cMiAaPQ|dMiAaPQ 
050  4 HF5626 -- .W43 2014eb 
082 0  657/.3 
100 1  Weaver, Lisa 
245 10 Managing the Transition to IFRS-Based Financial Reporting 
       :|bA Practical Guide to Planning and Implementing a 
       Transition to IFRS or National GAAP 
250    1st ed 
264  1 New York :|bJohn Wiley & Sons, Incorporated,|c2014 
264  4 |c©2014 
300    1 online resource (274 pages) 
336    text|btxt|2rdacontent 
337    computer|bc|2rdamedia 
338    online resource|bcr|2rdacarrier 
490 1  Wiley Regulatory Reporting Ser 
505 0  Intro -- Managing the Transition to IFRS-based Financial 
       Reporting -- CONTENTS -- LIST OF TABLES -- LIST OF FIGURES
       -- LIST OF CASE STUDIES -- FOREWORD -- PREFACE -- 
       DISCLAIMER -- ACKNOWLEDGEMENTS -- ABOUT THE AUTHOR -- 
       INTRODUCTION -- I UNDERSTANDING THE FRAMEWORK OF 
       PERFORMING A TRANSITION TO IFRS-BASED FINANCIAL REPORTING 
       -- 1 INTERNATIONAL FINANCIAL REPORTING IN CONTEXT -- 1.1 
       THE DEVELOPMENT OF INTERNATIONAL FINANCIAL REPORTING -- 
       1.1.1 The Initial Development of Accounting Guidance and 
       Reasons for, and Problems Caused by, National Differences 
       in Accounting Requirements -- 1.1.2 The International 
       Accounting Standards Committee -- 1.1.3 The Formation of 
       the International Accounting Standards Board, and 
       Endorsement of IAS by IOSCO and the EU -- 1.2 THE 
       REGULATORY FRAMEWORK OF IFRS TODAY -- 1.2.1 The Overall 
       Governance Structure and Standard-setting Bodies -- 1.2.2 
       IASB Standards -- 1.2.3 The Conceptual Framework -- 1.2.4 
       The IFRS for SMEs -- 1.3 THE CURRENT POSITION ON 
       INTERNATIONAL HARMONISATION OF FINANCIAL REPORTING -- 
       1.3.1 Convergence and Harmonisation -- 1.3.2 Convergence 
       of US GAAP and IFRS -- 1.3.3 Harmonisation Challenges - a 
       Cultural Perspective -- 1.4 THE BENEFITS AND IMPACT OF 
       MOVING TO IFRS -- 1.4.1 The Benefits of Moving to IFRS -- 
       1.4.2 Impact on Profitability and Performance -- 1.4.3 
       Impact on Financial Position -- 1.4.4 Volatility and Fair 
       Value Accounting -- 1.4.5 Impact on Level of Disclosure --
       1.4.6 The Influence of National GAAP on IFRS Accounting 
       Policies -- CONCLUSION -- 2 THE CONCEPTUAL FRAMEWORK OF 
       IFRS, ACCOUNTING POLICIES AND THE PRESENTATION OF 
       FINANCIAL STATEMENTS -- 2.1 THE FRAMEWORK -- 2.1.1 The 
       Purpose and Status of the Framework -- 2.1.2 The Content 
       of the Framework -- 2.1.3 General Purpose Financial 
       Statements -- 2.1.4 Qualitative Characteristics -- 2.2 
       DEVELOPING ACCOUNTING POLICIES 
505 8  2.2.1 Definition and Basic Principles of Disclosure -- 
       2.2.2 Selection and Application of Accounting Policies -- 
       2.2.3 Alternative Accounting Treatments -- 2.3 THE 
       PRESENTATION OF FINANCIAL STATEMENTS -- 2.3.1 The Complete
       Set of Financial Statements -- 2.4 FAIR PRESENTATION, 
       GOING CONCERN AND INTERIM FINANCIAL STATEMENTS -- 2.4.1 
       Fair Presentation and Statement of Compliance with IFRS --
       2.4.2 Going Concern and Other General Features -- 2.4.3 
       Interim Financial Information -- CONCLUSION -- 3 IFRS 1 
       FIRST-TIME ADOPTION OF IFRS -- 3.1 AN INTRODUCTION TO IFRS
       1 -- 3.1.1 The Objective of IFRS 1 -- 3.1.2 The Scope of 
       IFRS 1 -- 3.1.3 Current Developments in Relation to IFRS 1
       -- 3.2 THE DATE OF TRANSITION TO IFRS AND THE OPENING 
       STATEMENT OF FINANCIAL POSITION -- 3.2.1 Identifying the 
       Date of Transition -- 3.2.2 The Opening Statement of 
       Financial Position -- 3.2.3 Exemptions and Exceptions from
       Full Retrospective Adoption -- 3.3 PRESENTATION AND 
       DISCLOSURE -- 3.3.1 Explanation of the Transition to IFRS 
       -- 3.3.2 The Equity Reconciliations -- 3.3.3 The 
       Reconciliation of Total Comprehensive Income -- 3.3.4 
       Errors, Presentation Differences and the Statement of Cash
       Flows -- 3.3.5 Other IFRS 1 Disclosure Requirements -- 
       3.3.6 Jurisdiction-specific Disclosure -- 3.3.7 Interim 
       Financial Reports -- CONCLUSION -- II PLANNING AND 
       IMPLEMENTING A TRANSITION PROJECT -- 4 ESTABLISHING THE 
       IFRS TRANSITION PROJECT -- 4.1 THE BENEFIT OF EXPERIENCE -
       - 4.1.1 Negative Experiences - What Did Not Go Well -- 
       4.1.2 The Positive Slant on IFRS Transition -- 4.1.3 Top 
       Tips for Planning a Transition to IFRS -- 4.2 THE PROJECT 
       PLAN AND KEY PROJECT MEMBERS -- 4.2.1 Risks and 
       Opportunities -- 4.2.2 Establishing the Project -- 4.3 
       DEVELOPING THE PROJECT PLAN -- 4.3.1 IFRS Transition 
       Choices for a Group of Companies -- 4.3.2 A High-level 
       Overview of the Project Plan 
505 8  4.3.3 Initial Project Scope -- 4.3.4 Detailed Assessment 
       of Impacts -- 4.3.5 Design Responses -- 4.3.6 Implement 
       Changes -- 4.3.7 Post-implementation Review -- 4.4 THE USE
       OF EXTERNAL ADVISORS -- 4.4.1 Overview of the Role of the 
       External Advisor in the Transition Project -- 4.4.2 Using 
       an External Provider to Provide Assurance on the 
       Transition -- 4.4.3 Advantages and Disadvantages of 
       Reliance on External Advisors -- 4.4.4 The External 
       Auditor's Role -- 4.5 THE COSTS OF THE TRANSITION -- 4.6 
       PREPARING AN ACTION PLAN -- CONCLUSION -- 5 ASSESSING THE 
       ACCOUNTING IMPACTS OF IFRS TRANSITION -- 5.1 CONDUCTING AN
       INITIAL IMPACT ASSESSMENT -- 5.1.1 The Basics of Impact 
       Assessment -- 5.1.2 Documentation Issues -- 5.1.3 Becoming
       IFRS-literate -- 5.1.4 Involvement with Industry Peers -- 
       5.1.5 The Output of the Impact Assessment -- 5.1.6 The 
       Importance of a Line-by-Line Analysis -- 5.2 DEVELOPING 
       IFRS ACCOUNTING POLICIES -- 5.2.1 The Extent of Accounting
       Policy Changes -- 5.2.2 Matters to Consider in Developing 
       New Accounting Policies -- 5.2.3 Standards Including 
       Choices -- 5.2.4 Disclosure Notes -- 5.3 POTENTIAL CHANGES
       TO IFRS -- CONCLUSION -- 6 WIDER TRANSITIONAL ISSUES-
       SYSTEMS, INTERNAL AUDIT AND THE AUDIT COMMITTEE, AND 
       COMMERCIAL IMPLICATIONS -- 6.1 SYSTEMS IMPLICATIONS -- 
       6.1.1 Parallel Running and Dual Reporting -- 6.1.2 Typical
       IT System Changes -- 6.1.3 Integrating IT Changes with the
       Overall Transition Project -- 6.1.4 Building IT Issues 
       into the IFRS Project Plan -- 6.1.5 XBRL and IFRS -- 6.2 
       INTERNAL CONTROLS, INTERNAL AUDIT AND THE AUDIT COMMITTEE 
       -- 6.2.1 Using the COSO Framework to Evaluate Internal 
       Controls -- 6.2.2 Controls Over Fair Value Measurements --
       6.2.3 The Role of the Audit Committee -- 6.2.4 The Role of
       the Internal Audit Function -- 6.3 EVALUATING THE WIDER 
       IMPACTS -- 6.3.1 Human Resources Impacts 
505 8  6.3.2 Debt Covenants, Financing and Treasury Management --
       6.3.3 Mergers and Acquisitions -- 6.3.4 The Potential 
       Business and Commercial Impacts of the Transition -- 
       CONCLUSION -- 7 TRAINING, COMMUNICATION AND CHANGE 
       MANAGEMENT -- 7.1 EDUCATION AND INTERNAL COMMUNICATION -- 
       7.1.1 Education and Training on IFRS -- 7.1.2 Methods of 
       Education and Training -- 7.1.3 Internal Communication and
       Change Management -- 7.2 EXTERNAL COMMUNICATION AND 
       PRESENTATION OF IFRS TRANSITION INFORMATION -- 7.2.1 Why 
       Communication Matters -- 7.2.2 Understanding the Audience 
       -- 7.2.3 Explaining the Impacts of the Transition - Timing
       of Communications -- 7.2.4 Developing a Communication 
       Strategy - Content of Information -- 7.2.5 The Use of Non-
       GAAP Measures -- 7.2.6 The Method of Communication -- 
       7.2.7 Transition Communication Required or Encouraged by 
       Regulation -- 7.3 THE PRESENTATION OF IFRS 1 DISCLOSURES -
       - 7.3.1 IFRS 1 Disclosure Requirements -- 7.3.2 Matters to
       Consider in Preparing and Presenting Disclosures in the 
       First IFRS Financial Statements -- CONCLUSION -- III THE 
       WAY FORWARD-DEVELOPMENTS IN SELECTED COUNTRIES -- 8 THE 
       TRANSITION TO NEW UK GAAP -- 8.1 A BACKGROUND TO THE 
       CHANGES AND OUTLINE OF THE NEW REGIME -- 8.1.1 A Brief 
       History of UK GAAP -- 8.1.2 The New UK GAAP Regime -- 
       8.1.3 Deciding which Component of the New Regime to Follow
       -- 8.2 ACCOUNTING AND WIDER IMPACTS OF THE TRANSITION -- 
       8.2.1 FRS 102 - Key Differences Between Existing UK GAAP 
       and New UK GAAP -- 8.2.2 First-time Adoption Accounting 
       Treatment -- 8.2.3 FRS 102 First-time Adoption Disclosure 
       Requirements -- 8.2.4 Transitioning to FRS 101 -- 8.3 
       TRANSITION PLANNING ISSUES -- 8.3.1 Initial Planning and 
       the Timing of Impact Assessments -- 8.3.2 Costs -- 
       CONCLUSION -- 9 THE WAY FORWARD - THE MOVE TOWARDS IFRS IN
       THE US AND SELECTED OTHER COUNTRIES -- 9.1 THE US AND IFRS
505 8  9.1.1 Progress Towards Harmonisation -- 9.1.2 A Comparison
       of US GAAP and IFRS -- 9.1.3 Conclusion on Key Transition 
       Issues for US Companies -- 9.2 IFRS IN BRAZIL, RUSSIA, 
       INDIA AND CHINA -- 9.2.1 Brazil -- 9.2.2 Russia -- 9.2.3 
       India -- 9.2.4 China -- CONCLUSION -- APPENDIX 1: IASB 
       STANDARDS -- APPENDIX 2: USEFUL REFERENCE MATERIAL AND 
       FURTHER READING -- APPENDIX 3: SUMMARY OF IFRS TRANSITION 
       PLANNING CONSIDERATIONS -- BIBLIOGRAPHY -- INDEX 
520    The one-stop guide to transitioning to IFRS financial 
       reporting  The International Financial Reporting Standards
       (IFRS) have already been adopted in Europe, and plans are 
       in place to transition to IFRS reporting in the UK, India,
       Japan, and other major economies. The US is deliberating 
       the nature of its convergence with IFRS and US entities 
       will need to understand the implications of transition. 
       This means all finance managers and financial controllers 
       will be responsible, not only for understanding IFRS, but 
       for making the transition and dealing with implications. 
       Managing the Transition to IFRS-Based Financial Reporting 
       is a one-stop resource for navigating this major change. 
       Case studies and project management advice help move 
       smoothly from GAAP to IFRS principles and requirements.   
       Managing the Transition to IFRS-Based Financial Reporting 
       is the only book on the market that focuses on both the 
       accounting and non-accounting implications of IFRS 
       transition. This complete approach will guide you from the
       history and conceptual basis of IFRS through each stage of
       the transition process, ensuring expert change management 
       and fluid communication from start to finish.   Takes a 
       holistic approach, covering non-accounting implications 
       like educating and communicating IFRS requirements 
       Provides case studies to illustrate best practices for 
       moving to the new international standards Provides a 
       framework for planning and executing the entire IFRS 
       transition project   With nearly two decades of financial 
       training experience, author Lisa Weaver is imminently 
       qualified to deliver clear, concise, and understandable 
       content. In addition, the reference material and other 
       resources in Managing the Transition to IFRS-Based 
       Financial Reporting will help you simplify the transition 
       and take advantage of all the benefits IFRS reporting 
       confers 
588    Description based on publisher supplied metadata and other
       sources 
590    Electronic reproduction. Ann Arbor, Michigan : ProQuest 
       Ebook Central, 2020. Available via World Wide Web. Access 
       may be limited to ProQuest Ebook Central affiliated 
       libraries 
650  0 Accounting -- Standards.;Corporation reports.;Financial 
       statements -- Standards 
655  4 Electronic books 
776 08 |iPrint version:|aWeaver, Lisa|tManaging the Transition to
       IFRS-Based Financial Reporting : A Practical Guide to 
       Planning and Implementing a Transition to IFRS or National
       GAAP|dNew York : John Wiley & Sons, Incorporated,c2014
       |z9781118643747 
830  0 Wiley Regulatory Reporting Ser 
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