Accounting Standards, 17th Edition

By Opperman, Booysen, Van Der Merwe

The seventeenth edition of Accounting Standards introduces students to the principles of the International Financial Reporting Standards. Changes brought about by new and revised standards have once again been incorporated in this latest edition, mainly relating to the new IFRS 16 on leases. The accounting principles are illustrated through questions that gradually increase in their degree of difficulty. This approach facilitates the students’ understanding of these principles and allows them to get to grips with financial statements in a practical manner. This edition of Accounting Standards is intended to satisfy the students’ requirements while at the same time reducing the lecturers’ workload.

Contents Include:
Conceptual framework for financial reporting • IAS 1 presentation of financial statements • IAS 2 inventories • IAS 7 statement of cash flows • IAS 8 accounting policies, changes in accounting estimates and errors • IAS 10 events after the reporting period • IAS 12 income taxes • IAS 16 property, plant and equipment • IAS 19 employee benefits • IAS 20 accounting for government grants and disclosure of government assistance • IAS 21 the effects of changes in foreign exchange rates • IAS 23 borrowing costs • IAS 24 related party disclosures • IAS 27 separate financial statements • IAS 28 investments in associates • IAS 29 financial reporting in hyperinflationary economies • IAS 32 financial instruments: presentation • IAS 33 earnings, headline earnings and dividend per share • IAS 34 interim financial reporting • IAS 36 impairment of assets • IAS 37 provisions, contingent liabilities and contingent assets • IAS 38 intangible assets • IAS 40 investment property • IFRS 2 share-based payment • IFRS 3 business combinations • IFRS 5 non-current assets held for sale and discontinued operations • IFRS 7 financial instruments: disclosure • IFRS 8 operating segments • IFRS 9 financial instruments • IFRS 10 consolidated financial statements and separate financial statements • IFRS 11 joint arrangements • IFRS 12 disclosure of interests in other entities • IFRS 13 fair value measurement • IFRS 15 revenue from contracts with customers • IFRS 16 leases

Of Interest and Benefit to:
Any accounting student will benefit from the countless opportunities to practise. Each chapter also contains a number of questions without solutions, which are made available to lecturers at prescribing institutions.

Key Benefits:
Guides students to gradually master accounting principles • Encourages independent learning • Reduce lecturer workload • Updated for the latest changes in the accounting field



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