Financial accounting: IFRS Principles (5th edition)

ISBN : 9780190746926

Ilse Lubbe; Goolam Modack; Shelly Herbert
856 Pages
170 x 240 mm
Pub date
Jan 2020
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The fifth edition of Financial Accounting: IFRS (R) Principles is a concepts-based South African text that assumes a basic knowledge of financial accounting, and then helps readers understand and apply the International Financial Reporting Standards (IFRS (R) Standards). It also references the IFRS for SMEs (R) Standard, which is applicable to small and medium-sized enterprises.

The book has been updated to bring it in line with the 2018 Conceptual Framework. It has been revised to be more accessible, and now includes simpler, more concise explanations, conceptual diagrams and additional worked examples.The pedagogy of the book supports the development of crucial strategies and sound financial reporting knowledge, providing an excellent balance between theory, practice and strategy. It is suitable for second and third-year courses in financial accounting on the Chartered Accountant or General Accountant stream at universities as well as universities of technology.


Part 1: Financial Reporting
Chapter 1: The financial reporting environment and frameworks
Chapter 2: Presentation of financial statements
Chapter 3: Statements of cash flows
Chapter 4: Owner's equity
Chapter 5: Accounting policies, changes in accounting estimates and errors
Chapter 6: Earnings per share and headline earnings per share
Chapter 7: Analysis and evaluation of financial statements
Part 2: Elements Of Financial Statements
Chapter 8: Property, plant and equipment
Chapter 9: Investment properties
Chapter 10: Intangible assets
Chapter 11: Inventory
Chapter 12: Financial instruments
Chapter 13: Impairment of assets
Chapter 14: Provisions, contingent liabilities and contingent assets
Chapter 15: Leases
Chapter 16: Income taxes
Chapter 17: Borrowing costs
Chapter 18: Events after the reporting period
Chapter 19: Non-current assets held for sale and discontinued operations
Chapter 20: Revenue from contracts with customers
Chapter 21: Foreign exchange transactions
Chapter 22: Employee benefits and share-based payments
Part 3: Accounting for Groups
Chapter 23: Business combinations
Chapter 24: Separate financial statements
Chapter 25: Consolidated financial statements
Chapter 26: Accounting for associates, joint ventures and joint arrangements

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