Intermediate Accounting IFRS, International Adaptation
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International Financial Reporting Standards (IFRS) are a set of accounting standards and rules issued by the International Accounting Standards Board (IASB) that govern how particular types of transactions and events should be reported in financial statements. By presenting IFRS in light of current accounting practice, this book helps students gain practical knowledge of the topic that they can apply as they advance into their accounting careers. This text not only offers a more comprehensive understanding of IFRS standards but also emphasizes fair value, proper accounting for financial instruments, and new developments in international accounting.
This Fifth Edition of Intermediate Accounting, IFRS continues the tradition of providing useful information to educators and students interested in learning about IFRS. In addition to covering the latest IFRS standards and how they are applied in practice, this edition provides new learning aids such as Accounting Matters and Analytics in Action to help students master the text material. The edition also includes an appendix on ESG Reporting that explains what kind of information is included in ESG reports.TERRY D. WARFIELD is the PwC Professor in Accounting at the University of Wisconsin―Madison. He received a B.S. and M.B.A. from Indiana University and a Ph.D. in accounting from the University of Iowa. Professor Warfield’s area of expertise is financial reporting, and prior to his academic career, he worked for five years in the banking industry. He served as the Academic Accounting Fellow in the Office of the Chief Accountant at the U.S. Securities and Exchange Commission in Washington, D.C. from 1995–1996. Professor Warfield’s primary research interests concern financial accounting standards and disclosure policies. He has published scholarly articles in The Accounting Review, Journal of Accounting and Economics, Research in Accounting Regulation, and Accounting Horizons, and he has served on the editorial boards of The Accounting Review, Accounting Horizons, and Issues in Accounting Education.
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