financial framework
University of Sunderland
BA (Honours) Accounting and Financial Management
APC311
International Financial
Reporting
Version 1.0
International Financial Reporting
Published by
The University of Sunderland
The publisher endeavours to ensure that all its materials are free from bias or discrimination on grounds of religious or political belief, gender, race or physical ability. These course materials are produced from paper derived from sustainable forests where the replacement rate exceeds consumption.
The copying, storage in any retrieval system, transmission, reproduction in any form or resale of the course materials or any part thereof without the prior written permission of the
University of Sunderland is an infringement of copyright and will result in legal proceedings.
© University of Sunderland 2007
Every effort has been made to trace all copyright owners of material used in this module but if any have been inadvertently overlooked, the University of Sunderland will be please to make the necessary arrangement at the first opportunity. These materials have been produced by the University of
Sunderland Business School in conjunction with Resource
Development International.
International Financial Reporting
International Financial Reporting
Contents
How to use this workbook
Introduction
Unit 1
Introduction to and Context of the Course
1
Introduction
1
Summary
10
Review Activities
10
Review Activities Feedback
13
Unit 2
The
Regulatory and Conceptual of International Financial Reporting
Framework
17
Introduction
17
Summary
24
Review Activities
24
Review Activities Feedback
Appendix
25
28
Unit 3
The Presentation of Financial Statements (IAS1) I
30
Introduction
30
Summary
40
Review Activities
41
Review Activities Feedback
43
International Financial
BA (Honours) Accounting and Financial Management
APC311
International Financial
Reporting
Version 1.0
International Financial Reporting
Published by
The University of Sunderland
The publisher endeavours to ensure that all its materials are free from bias or discrimination on grounds of religious or political belief, gender, race or physical ability. These course materials are produced from paper derived from sustainable forests where the replacement rate exceeds consumption.
The copying, storage in any retrieval system, transmission, reproduction in any form or resale of the course materials or any part thereof without the prior written permission of the
University of Sunderland is an infringement of copyright and will result in legal proceedings.
© University of Sunderland 2007
Every effort has been made to trace all copyright owners of material used in this module but if any have been inadvertently overlooked, the University of Sunderland will be please to make the necessary arrangement at the first opportunity. These materials have been produced by the University of
Sunderland Business School in conjunction with Resource
Development International.
International Financial Reporting
International Financial Reporting
Contents
How to use this workbook
Introduction
Unit 1
Introduction to and Context of the Course
1
Introduction
1
Summary
10
Review Activities
10
Review Activities Feedback
13
Unit 2
The
Regulatory and Conceptual of International Financial Reporting
Framework
17
Introduction
17
Summary
24
Review Activities
24
Review Activities Feedback
Appendix
25
28
Unit 3
The Presentation of Financial Statements (IAS1) I
30
Introduction
30
Summary
40
Review Activities
41
Review Activities Feedback
43
International Financial
References: and Recommended Readings Alexander D., Britton A. & Jorissen, A. (2007) International Financial Reporting and Analysis, (3rd ed.) London, Thompson. Atrill P. and McLaney E. (2006): Accounting and Finance for NonSpecialists, (5th edition), Prentice Hall, Chapters 2 & 3. Berry A. and Jarvis R. (2006): Accounting in a business content, (4th edition), Thomson, Chapters 3 & 4. Collier P. M. (2006): Accounting for managers – interpreting accounting information for decisionmaking, (2nd edition), Wiley, chapter 8. Dyson J. R. (2007): Accounting for nonaccounting students, (7th edition), Prentice Hall, Chapters 1, 2 & 6. Jones M. (2006): Financial Accounting, John Wiley & Sons, Chapters 4 & 6. Mclaney E. and Atrill P. (2008): Accounting An Introduction, (4th edition), Prentice Hall, chapters 2 & 3.