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IFRS Primer: International GAAP Basics, Canadian Edition

ISBN: 978-0-470-15898-2

January 2009

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Description
Canadian public companies will have to follow International Financial Reporting Standards as of January 1, 2011. The IFRS Primer: International GAAP Basics serves as a roadmap to provide guidance and a path through the period of transition for both students and instructors. The IFRS Primer covers an introduction to IFRS basics and is a stand-alone volume, which is a logical supplement for use with existing Canadian or U.S. introductory, intermediate and advanced financial accounting textbooks.  While the chapter content does not directly discuss differences between Canadian accounting standards and IFRS or U.S. standards and IFRS, chapter icons identify where there are significant differences and an appendix explains the major differences.
Features
  • Each chapter begins by identifying the specific IFRS section, and its Canadian and U.S. counterparts, followed by a list of other IFRSs related to the chapter topic.
  • The content of each chapter usually follows the same headings as used in the IASB statement: objective and scope, recognition, measurement, etc.
  • Illustrations and tables are included to enhance students’ understanding with walkthrough mini scenarios and mini exercises interspersed throughout the chapter. Short excerpts/note disclosures from actual financial statements prepared under IFRS are provided.
  • End of chapter material contains quantitative mini-exercises and qualitative mini-scenarios based primarily on unfamiliar or different requirements than those that exist under Canadian and U.S. GAAP now.
  • The Instructor Resource Site includes Instructor's Manual with solutions and Interactive Power Point Slides.
  • This title is available with WileyPLUS, an integrated suite of resources including the full online version of the textbook, plus easy-to-use homework management tools, interactive presentation resources, and a range of practice and study activities--with instant feedback--for your students.
  • Also available in Online Desktop version