International Financial Reporting Standards Pocket guide ...

International Financial Reporting Standards Pocket guide ? 2010

International Financial Reporting Standards Pocket guide ? 2010

This pocket guide provides a summary of the recognition and measurement requirements of International Financial Reporting Standards (IFRS) issued up to August 2010. It does not address in detail the disclosure requirements; these can be found in the PwC publication IFRS disclosure checklist.

The information in this guide is arranged in six sections:

? Accounting rules and principles ? Income statement and related notes ? Balance sheet and related notes ? Consolidated and separate financial statements ? Other subjects ? Industry-specific topics

More detailed guidance and information on these topics can be found in the IFRS Manual of Accounting 2010 and other PwC publications. A list of PwC's IFRS publications is provided on the inside front and back covers.

Contents

Accounting rules and principles

1

1. Introduction

1

2. Accounting principles and applicability of IFRS

2

3. First-time adoption

3

4. Presentation of financial statements

5

5. Accounting policies, accounting estimates and errors

9

6. Financial instruments

11

7. Foreign currencies

21

8. Insurance contracts

23

Income statement and related notes

24

9. Revenue

24

10. Segment reporting

27

11. Employee benefits

28

12. Share-based payment

31

13. Taxation

33

14. Earnings per share

35

Balance sheet and related notes

36

15. Intangible assets

36

16. Property, plant and equipment

38

17. Investment property

40

18. Impairment of assets

41

19. Leases

43

20. Inventories

44

21. Provisions and contingences

45

22. Events after the reporting period and financial commitments

48

23. Equity (share capital and reserves)

49

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IFRS pocket guide 2010

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Consolidated and separate financial statements

24. Consolidated and separate financial statements 25. Business combinations 26. Disposals of subsidiaries, business and non-current assets 27. Associates 28. Joint ventures

Other subjects

29. Related-party disclosures 30. Cash flow statements 31. Interim reports 32. Service concession arrangements

Industry-specific topics

33. Agriculture 34. Retirement benefit plans 35. Extractive industries

Index by standards and interpretation

Contents

51

51 53 56 58 59

60

60 62 63 65

66

66 67 68

70

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IFRS pocket guide 2010

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IFRS pocket guide 2009

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