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The 2022 reference for the interpretation and application of the latest international financial reporting standards

Wiley IFRS® Standards 2022 is a revised and comprehensive resource that includes the information needed to interpret and apply the most recent International Financial Reporting Standards (IFRS®) as outlined by the International Accounting Standards Board (IASB).

This accessible resource contains a wide range of practical examples as well as invaluable guidance on the expanding framework for unified financial reporting. The authors provide IFRIC interpretations and directions designed to ensure a clear understanding of the standards.

The IFRS® standards are ever evolving, therefore it is essential that professionals and students have the information needed to apply the standards correctly in real-world cases. Wiley IFRS® Standards 2022 offers a complete, up-to-date reference that aids in the application of the latest international standards in a manner that is transparent, accountable and efficient. This edition includes IFRS 17 Insurance Contracts which has an effective date of 1 January 2023.

This guide is written by PKF professionals who support the application of clear, informative, and accurate financial reporting. PKF International member firms specialise in providing high quality audit, accounting, tax, and business advisory solutions to international and domestic organisations around the globe.

PKF International is a member of the Forum of Firms – an organisation dedicated to consistent and high-quality standards of financial reporting and auditing practices worldwide. www.pkf.com.

PKF International Limited administers a family of legally independent firms and does not accept any responsibility or liability for the actions or inactions of any individual member or correspondent firm or firms. All rights reserved.

Table of Contents

  1. COVER
  2. TITLE PAGE
  3. COPYRIGHT
  4. ABOUT THE AUTHORS
  5. 1 INTRODUCTION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS
  6. 2 CONCEPTUAL FRAMEWORK
  7. 3 PRESENTATION OF FINANCIAL STATEMENTS
  8. 4 STATEMENT OF FINANCIAL POSITION
  9. 5 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME, AND CHANGES IN EQUITY
  10. 6 STATEMENT OF CASH FLOWS
  11. 7 ACCOUNTING POLICIES, CHANGES IN ACCOUNTING ESTIMATES AND ERRORS
  12. 8 INVENTORIES
  13. 9 PROPERTY, PLANT AND EQUIPMENT
  14. 10 BORROWING COSTS
  15. 11 INTANGIBLE ASSETS
  16. 12 INVESTMENT PROPERTY
  17. 13 IMPAIRMENT OF ASSETS AND NON-CURRENT ASSETS HELD FOR SALE
  18. 14 CONSOLIDATIONS, JOINT ARRANGEMENTS, ASSOCIATES AND SEPARATE FINANCIAL STATEMENTS
  19. 15 BUSINESS COMBINATIONS
  20. 16 SHAREHOLDERS' EQUITY
  21. 17 SHARE-BASED PAYMENT
  22. 18 CURRENT LIABILITIES, PROVISIONS, CONTINGENCIES AND EVENTS AFTER THE REPORTING PERIOD
  23. 19 EMPLOYEE BENEFITS
  24. 20 REVENUE FROM CONTRACTS WITH CUSTOMERS
  25. 21 GOVERNMENT GRANTS
  26. 22 LEASES
  27. 23 FOREIGN CURRENCY
  28. 24 FINANCIAL INSTRUMENTS
  29. 25 FAIR VALUE
  30. 26 INCOME TAXES
  31. 27 EARNINGS PER SHARE
  32. 28 OPERATING SEGMENTS
  33. 29 RELATED PARTY DISCLOSURES
  34. 30 ACCOUNTING AND REPORTING BY RETIREMENT BENEFIT PLANS
  35. 31 AGRICULTURE
  36. 32 EXTRACTIVE INDUSTRIES
  37. 33 ACCOUNTING FOR INSURANCE CONTRACTS
  38. 34 INTERIM FINANCIAL REPORTING
  39. 35 HYPERINFLATION
  40. 36 FIRST-TIME ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS
  41. INDEX
  42. END USER LICENSE AGREEMENT
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