Intermediate Accounting: IFRS, 2nd Edition Intermediate Accounting: IFRS, 2nd Edition By Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield Intermediate Accounting: IFRS provides the tools global accounting students need to understand what IFRS is and how it is applied in practice. The emphasis on fair value, the proper accounting for financial instruments, and the new developments related to leasing, revenue recognition, and financial statement presentation are examined in light of current practice. New global accounting insights highlight the important differences that remain between IFRS and US GAAP, and discuss the ongoing joint convergence efforts to resolve them. Intermediate Accounting: IFRS is comprehensive and includes proven pedagogical tools designed to help students learn more effectively. Schedule a Demo Sign Up for a Test Drive Adopt WileyPLUS Want to learn more about WileyPLUS? Click Here Hear from our Authors What’s Inside About the Authors Table of Contents Ready, Study and Practice Students learn course concepts using the complete online eTextbook, flashcards, crossword puzzles, practice questions, videos, and animations. Organized by learning objective, students can filter for relevant learning resources based on what they need to study most and print any section of the eTextbook. ORION Adaptive Practice Every student has a different starting point, and adaptive practice provides endless opportunities for practice to effectively prepare for class or quizzes and exams. Active retrieval of information with practice questions is proven to improve retention of information better than re-reading or reviewing the material, and students who use adaptive practice to prepare for exams do significantly better than those who do not. Students begin with a quick, chapter-level diagnostic to determine their initial level of understanding, and they can use the dashboard and quick reports to see what topics they know and don’t know. Assignments Students who fully engage in WileyPLUS assignments do better in the course by more than a letter grade. Auto-graded assignments give students immediate feedback based on flexible assignment settings determined by the instructor, while the notification center allows students to set their own email notification policies to stay on track. Instructors can select from extensive and reliable question banks to create and deploy reading, practice, homework, pre-post lectures, and assessment assignments. This course includes essay, label drag-and-drop, multiple choice, text entry, and true-/false question types. Gradebook Students know where they stand on WileyPLUS assignments, and they can track progress by learning objective. Instructors have insights into student performance at the granular question attempt and can track trends by individual student, assignment, or learning objective. Flexible policies allow instructors to change points, set assignment weighing policies, extend individual due dates, or drop the lowest grade. Donald E. Kieso, Ph.D., CPA, received his bachelor’s degree from Aurora University and his doctorate in accounting from the University of Illinois. He has served as chairman of the Department of Accountancy and is currently the KPMG Emeritus Professor of Accountancy at Northern Illinois University. He has public accounting experience with Price Waterhouse & Co. (San Francisco and Chicago) and Arthur Andersen & Co. (Chicago) and research experience with the research division of the American Institute of Certified Public Accountants (New York). He has done post doctorate work as a visiting scholar at the University of California at Berkeley and is a recipient of NIU’s Teaching Excellence Award and four Golden Apple Teaching Awards. Kieso is the author of other accounting and business books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Illinois CPA Society. He has served as a member of the board of directors of the Illinois CPA Society, the AACSB’s Accounting Accreditation Committees, and the State of Illinois Comptroller’s Commission, and he has served as secretary-treasurer of the Federation of Schools of Accountancy and as secretary-treasurer of the American Accounting Association. Kieso is currently serving on the board of trustees and executive committee of Aurora University, as a member of the board of directors of Kishwaukee Community Hospital, and as treasurer and director of Valley West Community Hospital. From 1989 to 1993, he served as a charter member of the national Accounting Education Change Commission. He is the recipient of the Outstanding Accounting Educator Award from the Illinois CPA Society, the FSA’s Joseph A. Silvoso Award of Merit, the NIU Foundation’s Humanitarian Award for Service to Higher Education, a Distinguished Service Award from the Illinois CPA Society, and in 2003, an honorary doctorate from Aurora University. Jerry J. Weygandt, PhD, CPA, is Arthur Andersen alumni emeritus professor of accounting at the University of Wisconsin−Madison. He holds a Ph.D. in accounting from the University of Illinois. Articles by Weygandt have appeared in The Accounting Review, Journal of Accounting Research, Accounting Horizons, Journal of Accountancy, and other academic and professional journals. These articles have examined such financial reporting issues as accounting for price-level adjustments, pensions, convertible securities, stock option contracts, and interim reports. Weygandt is the author of other accounting and financial reporting books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Wisconsin Society of Certified Public Accountants. He has served on numerous committees of the American Accounting Association and as a member of the editorial board of The Accounting Review; he has also served as president and secretary-treasurer of the American Accounting Association. In addition, he has been actively involved with the American Institute of Certified Public Accountants and has been a member of the Accounting Standards Executive Committee (AcSEC) of that organization. He has served on the FASB task force that examined the reporting issues related to accounting for income taxes and served as a trustee of the Financial Accounting Foundation. Weygandt received the Chancellor’s Award for Excellence in Teaching and the Beta Gamma Sigma Dean’s Teaching Award. He is on the board of directors of M&I Bank of Southern Wisconsin. He is the recipient of the Wisconsin Institute of CPA’s Outstanding Educator’s Award and the Lifetime Achievement Award. In 2001, he received the American Accounting Association’s Outstanding Educator Award. Terry D. Warfield, Ph.D., 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. Warfield’s area of expertise is financial reporting, and prior to his academic career, he worked in the banking industry for five years. 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. Warfield’s primary research interests focus on 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. He has served as president of the Financial Accounting and Reporting Section, the Financial Accounting Standards Committee of the American Accounting Association (Chair 1995–1996), and on the AAAFASB Research Conference Committee. He also served on the Financial Accounting Standards Advisory Council of the Financial Accounting Standards Board, and he currently serves as a trustee of the Financial Accounting Foundation. Warfield has received teaching awards at both the University of Iowa and the University of Wisconsin, and he was named to the Teaching Academy at the University of Wisconsin in 1995. Warfield has developed and published several case studies based on his research for use in accounting classes. These cases have been selected for the AICPA Professor-Practitioner Case Development Program and have been published in Issues in Accounting Education. He served on the Board of the Illinois CPA Society and AACSB’s Accounting Accreditation Committees, was the State of Illinois Comptroller’s Commission, was secretary-treasurer of the Federation of Schools of Accountancy, and was secretary-treasurer of the American Accounting Association. Chapter 1. Financial Reporting and Accounting StandardsChapter 2. Conceptual Framework for Financial ReportingChapter 3. The Accounting Information SystemChapter 4. Income Statement and Related InformationChapter 5. Statement of Financial Position and Statement of Cash FlowsChapter 6. Accounting and the Time Value of MoneyChapter 7. Cash and ReceivablesChapter 8. Valuation of Inventories: A Cost-Basis ApproachChapter 9. Inventories: Additional Valuation IssuesChapter 10. Acquisition and Disposition of Property, Plant, and EquipmentChapter 11. Depreciation, Impairments, and DepletionChapter 12. Intangible AssetsChapter 13. Current Liabilities, Provisions, and ContingenciesChapter 14. Non-Current LiabilitiesChapter 15. EquityChapter 16. Dilutive Securities and Earnings per ShareChapter 17. InvestmentsChapter 18. Revenue RecognitionChapter 19. Accounting for Income TaxesChapter 20. Accounting for Pensions and Post Retirement BenefitsChapter 21. Accounting for LeasesChapter 22. Accounting Changes and Error AnalysisChapter 23. Statement of Cash FlowsChapter 24. Presentation and Disclosure in Financial Reporting Specimen Financial Statements: Marks and SpencerGroup plcSpecimen Financial Statements: Adidas AGSpecimen Financial Statements: Puma SE Wiley Team for Success. Dedicated to Student Achievement. The Team for Success authors are dedicated to ensuring that all of their Accounting titles are accessible to students, current, accurate, and have a consistent voice and pedagogy from introductory accounting to the intermediate level. Millions of students worldwide have learned from their exceptional resources—and now students are getting real results using ORION Adaptive Practice available in WileyPLUS for Accounting.