IFRS, Fair Value and Corporate Governance: The Impact on Budgets, Balance Sheets and Management Accounts (Spanish Edition)

Written for managers and professionals in business and industry, this book aims at helping the reader in: * Understanding what is and is not IFRS * Learning the complexities of IFRS implementation, and * Appreciating the contribution by IFRS to corporate governance The changeover from the mosaic of different heterogeneous national accounting standards to the International Financial Reporting Standards has not been easy. For many companies, and their management, IFRS and most particularly the concept of fair value in IAS 39, has amounted to a phase shift - which is prerequisite to achieving compliant financial reporting. The research conducted by Dr. Chorafas, for this book, documented that the process of meeting IFRS requirements presents opportunities and challenges to all enterprises. As many companies have found out, abandoning the classical accruals accounting for marking-to-market their transactions and portfolio positions, has bot been easy. The conversion process has affected several functions within the organization including balance sheets, P and L statements, auditing, risk control, information systems, and management accounting. The book divides into four parts: * Part One focuses on business competition, standards boards, corporate accounting, and IAS 39 * The theme of Part Two, is the implementation of IFRS, exemplified through case studies on task forces and practical applications * Part Three brings together IFRS and management accounting requireme Read more...
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