
International Financial Reporting: A Practical Guide
Description
International Financial Reporting, 9th edition by Melville employs a practical, applied approach in exploring and explaining the key financial standards.
With more than 140 countries in the world now using international financial reporting standards (IFRS® Standards) issued by the International Accounting Standards Board (IASB®), having a clear understanding of these is vital to your success in financial accounting. This textbook explains each standard as clearly and concisely as possible and offers a thorough introduction to international financial reporting. It is completely up-to-date with international standards issued as of 1 January 2025.
Worked examples and solutions provide illustrations of standards at a practical level helping to ground each topic and make each standards requirements easy to understand. End-of-chapter exercises feature questions from past exam papers of key professional accountancy bodies to test your grasp of the topics introduced in that chapter.
The title is suitable for undergraduates, postgraduates and those preparing for professional accounting examinations.
This excellent textbook addresses highly technical areas of financial reporting with clarity, making challenging concepts accessible for students. Its well-balanced explanations, practical worked examples, and end-of-chapter exercises support effective learning, while the chapter summaries reinforce key IFRS principles.
- Stephanie Tiller, Associate Professor, University of Birmingham
A must-have for anyone studying international financial reporting. The authors insightful approach ensures that students will not only learn the standards but understand their real-world applications.
- Emma James, Senior Lecturer, Swansea University
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Person
Alan Melville, FCA, BSc, Cert. Ed. is a best-selling author. Previously a Senior Lecturer at Nottingham Trent University, he has many years of experience teaching accounting and financial reporting.
Content
Part 1 Introduction to Financial Reporting
- The regulatory framework
- The IASB conceptual framework
- Presentation of financial statements
- Accounting policies, estimates and errors
Part 2 Financial Reporting in Practice
- Property, plant and equipment
- Intangible assets
- Impairment of assets
- Non-current assets held for sale and discontinued operations
- Leases
- Inventories
- Financial instruments
- Provisions and events after the reporting period
- Revenue from contracts with customers
- Employee benefits
- Taxation in financial statements
- Statement of cash flows
- Financial reporting in hyperinflationary economies
Part 3 Consolidated Financial Statements
- Groups of companies (1)
- Groups of companies (2)
- Associates and joint arrangements
- Related parties and changes in foreign exchange rates
Part 4 Analysis of Financial Statements
- Ratio analysis
- Earnings per share
- Segmental analysis
Part 5 Small and Medium-sized Entities
- The IFRS for SMEs ® Standard