Financial Accounting IFRS Edition 6/e (Wiley Custom Edition) [Weygandt/Kimmel] 9781394415595

🔸書名：Financial Accounting IFRS Edition 6/e (Wiley Custom Edition)

🔸作者：Weygandt, Kimmel

🔸ISBN：9781394415595

產品介紹

In April 2024, the IASB issued IFRS 18 Presentation and Disclosure in FinancialStatements, which supersedes IAS 1 Presentation of Financial Statements and willbecome mandatory for annual reporting periods beginning on or after 1 January2027. IFRS 18 establishes a more structured income statement, requiring companiesto classify income and expenses into three new categories-operating, investing,and financing-in addition to the existing categories of income tax and discontinuedoperations. To support these categories, the standard also mandates the presentationof two key subtotals: "operating profit or loss" and "profit or loss beforefinancing and income taxes." These changes aim to improve the comparability offinancial performance across companies and industries, as well as increase transparency.Chapters 5, 13, and 15 have been revised to incorporate IFRS 18, includingthe introduction of the new standard and updated illustrations in accordance withits requirements.

The issuance of IFRS 18 has led to consequential amendments to IAS 7 Statementof Cash Flows. IAS 7 has been amended to require companies to use the new "operatingprofit" subtotal as the starting point for the indirect method of reportingcash flows from operating activities, thereby eliminating certain reconciling items.The amendments to IAS 7 also remove the presentation alternatives for cash flowsrelated to interest and dividends paid and received. Dividends paid are now requiredto be classified as cash flows from financing activities. For companies whosemain business activities do not involve investing in assets or providing financing tocustomers, interest paid is classified as cash flows from financing activities, whileinterest and dividends received are classified as cash flows from investing activities.Chapter 14 has been revised to present the statement of cash flows in accordancewith the amended IAS 7.

Selected DO IT! Exercises have been updated, and national examination questionshave been incorporated into the end-of-chapter exercises and problems. These enhancementsstrengthen the alignment between conceptual learning and practicalapplication, helping students better prepare for professional and national certificationexaminations while reinforcing their understanding of key accounting concepts.

Selected real-world examples have been updated to reflect contemporary businessenvironments, thereby enhancing students' understanding of how accounting principlesare applied in practice.5. In addition to incorporating newly issued IFRSs, this edition has expanded its coverageof real-world data analytics applications, demonstrating how accounting informationsupports data-driven decision-making. The discussion of environmental,social, and governance (ESG) and sustainability issues has also b