Financial Statements
International Accounting (IFRS)
Zusammenfassung
This textbook covers the IAS/IFRS-syllabus of financial accounting on bachelor's and master's level. It covers how to prepare financial statements and tackles special problems in IFRSs-accounting, like asset revaluations, manufacturing accounting, share issues, financial instruments, group statements etc. The content is explained by more than 60 case studies completely illustrated with their bookkeeping entries and financial statements.
All chapters outline the learning objectives, provide an overview, cover the contents of relevant IAS/IFRS-standards, include case studies and how-it-is-done-paragraphs. They end with a summary, the explanation of new technical terms and a question bank with solutions for checking your learning progress. On the internet, you can find further cases linked to the textbook by QR-codes and more than 350 exam tasks including solutions as well as youtube-videos from the author.
The textbook helps you to learn IFRSs and to familiarise yourself with international accounting in English. It is an accurate translation of the textbook Bilanzen from the same author.
Schlagworte
- 1–12 Titelei/Inhaltsverzeichnis 1–12
- 13–13 II Introduction 13–13
- 14–19 1 Conventions 14–19
- 1.1 Accounting Periods
- 1.2 Accounting Technical Terms
- 1.3 Account Names
- 1.4 Alphabetic Order
- 1.5 Basics
- 1.6 Bookkeeping Entries
- 1.7 Bookkeeping Entry Format
- 1.8 Calculations
- 1.9 Case Studies
- 1.10 Case Study Text
- 1.11 Cash Flow Separation
- 1.12 Companies
- 1.13 Cost-Expense-Congruence
- 1.14 Country
- 1.15 Currency Unit
- 1.16 Data Format in Tables
- 1.17 Data Sheets
- 1.18 Prepayments of Income Taxes
- 1.19 How it is Done
- 1.20 Income Taxes
- 1.21 Financial Statements for Taxation
- 1.22 Names
- 1.23 Language
- 1.24 Learning Objectives
- 1.25 Legal Forms of a Business
- 1.26 Length of a Month/Year
- 1.27 Level of Precision
- 1.28 Links
- 1.29 Literature
- 1.30 Non-existing Items
- 1.31 Online Materials
- 1.32 Payment Terms
- 1.33 Presentation of Accounts
- 1.34 Pro-Rated Depreciation/Interest
- 1.35 Quotation of Law Texts/Standards
- 1.36 Sequence of Bookkeeping Entries
- 1.37 Tax on Capital Returns (Dividend Tax)
- 1.38 Transaction Costs
- 1.39 Value Added Tax, Goods and Service Tax
- 1.40 VAT Reduction
- 1.41 Working Definitions
- 1.42 Work-in-Process Account
- 1.43 Writing Management Terms
- 1.44 WWW
- 1.45 Youtube Videos
- 1.46 10-20-30 Rule
- 20–41 2 Financial Statements based on HGB 20–41
- 2.1 What is in this Chapter?
- 2.2 Learning Objectives
- 2.3 Legal Forms for Companies
- 2.4 Obligation of Keeping Bookkeeping Records
- 2.5 Establishment of a Company
- 2.6 Income Tax Calculation
- 2.7 Value added tax VAT
- 2.8 C/S KIELING TAXI GmbH – 20X1
- 2.9 C/S KIELING TAXI GmbH-20X2
- 2.10 Summary
- 2.11 Working Definitions
- 2.12 Question Bank
- 2.13 Solutions
- 42–66 3 Financial Statements based on IFRSs 42–66
- 3.1 What is in the Chapter?
- 3.2 Learning Objectives
- 3.3 IFRSs
- 3.4 How to Access IFRSs
- 3.5 C/S KENILWORTH MTS Ltd. – 20X1
- 3.6 C/S KENILWORTH MTS Ltd. – 20X2
- 3.7 Summary
- 3.8 Working Definitions
- 3.9 Question Bank
- 3.10 Solutions
- 67–88 4 Accounting for Retailers 67–88
- 4.1 What is in the Chapter?
- 4.2 Learning Objectives
- 4.3 Dealerships
- 4.4 Gross Profit Calculation
- 4.5 C/S DEMANN GmbH
- 4.6 Trial Balance
- 4.7 Trading Account
- 4.8 C/S RYNEVELD Ltd
- 4.9 C/S TELUK Sdn. Bhd
- 4.10 Worksheet for T/B Calculations
- 4.11 Summary
- 4.12 Working Definitions
- 4.13 Question Bank
- 4.14 Solutions
- 89–108 5 Basics of Financial Statement Analysis 89–108
- 5.1 What is in the Chapter?
- 5.2 Learning Objectives
- 5.3 Company Appraisal
- 5.4 Situational Awareness about a Company
- 5.5 C/S ROSENDAHL Ltd
- 5.6 Steps of F/S Analysis
- 5.7 Defining Information Requirements
- 5.8 Formal Checking
- 5.9 Horizontal Analysis
- 5.10 Vertical Analysis
- 5.11 Basics of Ratio Analysis
- 5.12 C/S CAPELIFT (Pty) Ltd
- 5.13 Performance Ratios – CAPELIFT Ltd
- 5.14 Liquidity Ratios – CAPELIFT Ltd
- 5.15 Capital Structure Ratios – CAPELIFT Ltd
- 5.16 Market Value Ratios – CAPELIFT Ltd
- 5.17 Summary
- 5.18 Working Definitions
- 5.19 Question Bank
- 5.20 Solutions
- 109–130 6 Formal Financial Statement Requirements 109–130
- 6.1 What is in the Chapter?
- 6.2 Learning Objectives
- 6.3 IFRSs Consistency
- 6.4 Qualitative Characteristics of Financial Information
- 6.5 C/S BATHURST Ltd
- 6.6 Statement of Financial Position – BATHURST Ltd
- 6.7 Statement of Profit or Loss – BATHURST Ltd
- 6.8 Statement of Changes in Equity – BATHURST Ltd
- 6.9 Statement of Cash Flows – BATHURST Ltd
- 6.10 Notes – BATHURST Ltd
- 6.11 Summary
- 6.12 Working Definitions
- 6.13 Question Bank
- 6.14 Solutions
- 131–197 7 Non-current Assets on the Balance Sheet 131–197
- 7.1 What is in the Chapter?
- 7.2 Learning Objectives
- 7.3 Initial Recognition
- 7.4 C/S GETEN (Pty) Ltd
- 7.5 Qualifying Assets
- 7.6 C/S LANGDAM Bhd
- 7.7 Subsequent Valuation
- 7.8 C/S GELLENDORFF LLC
- 7.9 Impairment Loss
- 7.10 Impairment Loss – GELLENDORFF LLC
- 7.11 Revaluations
- 7.12 C/S TINNEN K.K
- 7.13 C/S STEENBERG Ltd. – Case (i)
- 7.14 C/S STEENBERG Ltd. – Case (ii)
- 7.15 Disposal of Assets
- 7.16 C/S YSTERFONTEIN Ltd
- 7.17 Investment Property and Assets Held for Sale
- 7.18 C/S MERSEBURG Ltd
- 7.19 Assets Held for Sale
- 7.20 C/S OVERBERG (Pty) Ltd
- 7.21 Intangible Assets
- 7.22 C/S Dentist PAARDEBERG
- 7.23 Design and Research Costs
- 7.24 C/S WESPOORT Ltd
- 7.25 Leases
- 7.26 C/S KRIGE (Pty) Ltd
- 7.27 C/S MERVE (Pty) Ltd. - Lessee
- 7.28 C/S MERVE (Pty) Ltd. – Lessor
- 7.29 C/S VLAEBURG Ltd. - Lessee
- 7.30 C/S VLAEBURG Ltd. – Lessor
- 7.31 Short-term Leases
- 7.32 C/S JONKERS GmbH
- 7.33 Financial Instruments
- 7.34 C/S HAWKINS Ltd. / STEYN GmbH – Cross-Border Investments
- 7.35 C/S HAVENGA Ltd. - Bonds
- 7.36 C/S NATBERGEN (Pty) Ltd. – Bonds held to Maturity
- 7.37 C/S DORRING-TON Ltd. / ROTTMAN Ltd. – Pref. Shares
- 7.38 Derivatives
- 7.39 MOLLENBERG Ltd. – Call Option
- 7.40 Summary
- 7.41 Working Definitions
- 7.42 Questions Bank
- 7.43 Solutions
- 198–246 8 Business Combinations 198–246
- 8.1 What is in the Chapter?
- 8.2 Learning Objectives
- 8.3 Group Accounting
- 8.4 Separate Financial Statements IAS 27
- 8.5 C/S BRENO Ltd
- 8.6 Consolidated Financial Statements
- 8.7 C/S GAMKA/SWARTBERG Group – Initial Consolidation
- 8.8 C/S GAMKA/SWARTBERG Group – Subsequent Consolidations
- 8.9 C/S PORTERSVILLE/HENDERSON Group
- 8.10 Intra-Group Profit Consolidation
- 8.11 CS PATTEN/SPYKER
- 8.12 Joint Venture Accounting
- 8.13 C/S QUICKARMS-RESPONSE-FIRE Joint Operations
- 8.14 C/S CLOSEWATCH - Joint Venture
- 8.15 Summary
- 8.16 Working Definitions
- 8.17 Question Bank
- 8.18 Solutions
- 247–283 9 Current Assets on the Balance Sheet 247–283
- 9.1 What is in the Chapter?
- 9.2 Learning Objectives
- 9.3 Current and non-Current Assets
- 9.4 Inventories
- 9.5 C/S GREENACRES Ltd
- 9.6 Perpetual Inventory System
- 9.7 C/S GREENACRES Ltd. – Perpetual Inventory System
- 9.8 Different Inventory Valuation
- 9.9 Purchase Price Change
- 9.10 C/S ROSEFIELD Ltd
- 9.11 Loss on Valuation
- 9.12 C/S HEISTEL (Pty) Ltd
- 9.13 Manufacturing Accounting
- 9.14 Overhead Application
- 9.15 C/S RIEBEECK-KASTEEL (Pty) Ltd
- 9.16 C/S RIEBEECK-KASTEEL (Pty) Ltd. - IAS 2.13 (ￎﾲ)
- 9.17 Manufacturing Summary Account
- 9.18 C/S RIEBEECK-KASTEEL (Pty) Ltd. – case (ￎﾳ)
- 9.19 Receivables
- 9.20 C/S CHELMSFORD
- 9.21 Securities
- 9.22 C/S NOKOX (Pty) Ltd
- 9.23 C/S TRAGER GmbH
- 9.24 C/S GRENVILLE AG
- 9.25 C/S NOKOX (Pty) Ltd. - continued
- 9.26 Prepaid Expenses
- 9.27 Cash and its Equivalents
- 9.28 C/S BAKENSKOP PLC
- 9.29 Summary
- 9.30 Working Definitions
- 9.31 Question Bank
- 9.32 Solutions
- 284–301 10 Statement of Cash Flows 284–301
- 10.1 What is in the Chapter?
- 10.2 Learning Objectives
- 10.3 Cash Flow Statement Obligation
- 10.4 C/S EIMKE Ltd
- 10.5 Direct Method
- 10.6 C/S EIMKE Ltd. – Direct Method
- 10.7 Reconciliation of Profits with Operating Cash Flows
- 10.8 Why Step (1)?
- 10.9 Why step (2)?
- 10.10 Why Step (3)?
- 10.11 Why Step (4)?
- 10.12 Why Step (5)?
- 10.13 Why Step (6)?
- 10.14 Why Step (7)?
- 10.15 Why Step (8)?
- 10.16 Why Step (9)?
- 10.17 Why Step (10)?
- 10.18 C/S EIMKE Ltd. – Reconciliation Method
- 10.19 Derivative Method
- 10.20 Summary
- 10.21 Working Definitions
- 10.22 Question Bank
- 10.23 Solutions
- 302–317 11 Equity on the Balance Sheet 302–317
- 11.1 What is in the Chapter?
- 11.2 Learnings Objectives
- 11.3 Equity
- 11.4 Issued Capital
- 11.5 C/S YARRA Ltd. – 20X0
- 11.6 Reserves
- 11.7 C/S YARRA Ltd. – 20X0 - continued
- 11.8 C/S YARRA Ltd. – 20X1
- 11.9 C/S YARRA Ltd. – 20X2
- 11.10 Retained Earnings
- 11.11 Summary
- 11.12 Working Definitions
- 11.13 Question Bank
- 11.14 Solutions
- 318–340 12 Statement of Profit or Loss and Other Comprehensive Income 318–340
- 12.1 What is in the Chapter?
- 12.2 Learning Objectives
- 12.3 Statement of Profit or Loss and Other Comprehensive Income
- 12.4 C/S ABINGTON Ltd. – Nature of Expense Method
- 12.5 C/S SUDHUIZEN PLC – Nature of Expense Method
- 12.6 C/S ABINGTON Ltd. – Cost of Sales Format
- 12.7 C/S SUDHUIZEN PLC – Cost of Sales Format
- 12.8 Summary
- 12.9 Working Definitions
- 12.10 Question Bank
- 12.11 Solutions
- 341–350 13 Statement of Changes in Equity 341–350
- 13.1 What is in the Chapter?
- 13.2 Learning Objectives
- 13.3 IFRS Regulations
- 13.4 C/S BELMONT Ltd
- 13.5 C/S BELMONT Ltd. - Share Issue/Treasury Shares
- 13.6 C/S BELMONT Ltd. - Profit or Loss
- 13.7 C/S BELMONT Ltd. - Other Comprehensive Income
- 13.8 C/S BELMONT Ltd. - Revaluations
- 13.9 C/S BELMONT Ltd. - Appropriation of Profits
- 13.10 Summary
- 13.11 Working Definition
- 13.12 Question Bank
- 13.13 Solutions
- 351–382 14 Liabilities on the Balance Sheet 351–382
- 14.1 What is in the Chapter?
- 14.2 Learning Objectives
- 14.3 Liabilities
- 14.4 Certain Liabilities
- 14.5 C/S WARWICK Ltd. - Buying Goods on Credit
- 14.6 C/S BATHURST Ltd. - Bank Loan
- 14.7 C/S MEUL Ltd. – Amortised Costs
- 14.8 Bonds Issue
- 14.9 C/S BRIZA Ltd. - Bonds
- 14.10 C/S MEMEL PLC - Annuity and Extra Repayments
- 14.11 Provisions
- 14.12 C/S SEENA Ltd. – Measurement of Provisions
- 14.13 C/S HADRA (Pty) Ltd. - Provision for Pension Funds
- 14.14 C/S DUMMOND (Pty) Ltd. - Provision of rework
- 14.15 C/S SALMAN Ltd. - Provisions due to Onerous Contracts
- 14.16 Summary
- 14.17 Working Definitions
- 14.18 Question Bank
- 14.19 Solutions
- 383–389 15 Abbreviations 383–389
- 390–393 16 Table of Figures 390–393
- 394–394 17 Links 394–394
- 395–398 18 Literature 395–398
