Handleiding
Instructor’s Manual International Financial Reporting: A Practical Guide Fifth Edition Alan Melville
Instructor’s Manual International Financial Reporting: A Practical Guide Fifth Edition Alan Melville
[Meer zien]Voorbeeld 8 van de 52 pagina's
Voorbeeld 8 van de 52 pagina's
In winkelwagengesponsord bericht van onze partner
5 beoordelingen
Door: laijiaqicrystal • 3 jaar geleden
Door: alyssafchs2016 • 4 jaar geleden
Door: ca1umd4vis • 4 jaar geleden
Door: apillai3425 • 4 jaar geleden
Door: siddharthabhattacharjee • 4 jaar geleden
Voorbeeld van de inhoud
Instructor’s ManualInternational
Financial Reporting:
A Practical Guide
Fifth Edition
Alan Melville
For further instructor material
please visit:
www.pearsoned.co.uk/melville
ISBN: 978-1-292-08626-2
Pearson Education Limited 2015
Lecturers adopting the main text are permitted to download and photocopy the manual as
required.
i
© Pearson Education Limited 2015
, Melville: International Financial Reporting: A Practical Guide, Fifth Edition, Instructor’s Manual
PEARSON EDUCATION LIMITED
Edinburgh Gate
Harlow CM20 2JE
United Kingdom
Tel: +44 (0)1279 623623
Web: www.pearson.com/uk
This edition published 2015
© Pearson Education Limited 2015
The right of Alan Melville to be identified as author of this Work has been asserted by him in
accordance with the Copyright, Designs and Patents Act 1988.
Pearson Education is not responsible for the content of third-party internet sites.
ISBN 978-1-292-08626-2
All rights reserved. Permission is hereby given for the material in this publication to be
reproduced for OHP transparencies and student handouts, without express permission of the
Publishers, for educational purposes only. In all other cases, no part of this publication may be
reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic,
mechanical, photocopying, recording, or otherwise without either the prior written permission of
the Publishers or a licence permitting restricted copying in the United Kingdom issued by the
Copyright Licensing Agency Ltd., Saffron House, 6–10 Kirby Street, London EC1N 8TS. This
book may not be lent, resold, hired out or otherwise disposed of by way of trade in any form of
binding or cover other than that in which is it is published, without the prior consent of the
Publishers.
All trademarks used herein are the property of their respective owners. The use of any
trademark in this text does not vest in the author or publisher any trademark ownership rights in
such trademarks, nor does the use of such trademarks imply any affiliation with or endorsement
of this book by such owners.
ii
© Pearson Education Limited 2015
, Melville: International Financial Reporting, Instructor's Manual, 5th edition
Contents
Preface v
Acknowledgements vi
Chapter 1 The regulatory framework
Solutions 1.8 and 1.9 1
Chapter 2 The IASB conceptual framework
Solutions 2.8 and 2.9 3
Chapter 3 Presentation of financial statements
Solution 3.7 5
Chapter 4 Accounting policies, accounting estimates and errors
Solution 4.7 8
Chapter 5 Property, plant and equipment
Solutions 5.7 and 5.8 9
Chapter 6 Intangible assets
Solutions 6.8 and 6.9 12
Chapter 7 Impairment of assets
Solutions 7.7 and 7.8 14
Chapter 8 Non-current assets held for sale and discontinued operations
Solution 8.7 15
Chapter 9 Leases
Solutions 9.7 and 9.8 16
Chapter 10 Inventories
Solutions 10.5 and 10.6 18
Chapter 11 Financial instruments
Solution 11.6 20
Chapter 12 Provisions and events after the reporting period
Solution 12.8 22
Chapter 13 Revenue from contracts with customers
Solutions 13.7 and 13.8 23
Chapter 14 Employee benefits
Solution 14.6 24
Chapter 15 Taxation in financial statements
Solution 15.7 26
Chapter 16 Statement of cash flows
Solutions 16.7 and 16.8 27
Chapter 17 Financial reporting in hyperinflationary economies
Solution 17.5 30
iii
© Pearson Education Limited 2015
, Melville: International Financial Reporting, Instructor's Manual, 5th edition
Chapter 18 Groups of companies (1)
Solutions 18.6 and 18.7 31
Chapter 19 Groups of companies (2)
Solution 19.5 36
Chapter 20 Associates and joint arrangements
Solution 20.5 39
Chapter 21 Related parties and changes in foreign exchange rates
Solution 21.4 41
Chapter 22 Ratio analysis
Solutions 22.5 and 22.6 42
Chapter 23 Earnings per share
Solutions 23.6 and 23.7 45
Chapter 24 Segmental analysis
Solution 24.6 46
iv
© Pearson Education Limited 2015
, Melville: International Financial Reporting, Instructor's Manual, 5th edition
Preface
As indicated in the preface to International Financial Reporting, the main book does not
contain solutions for those exercises which are marked with an asterisk. This provides lecturers
who have adopted the textbook with a source of problems which may be used for tutorial work
and revision. The purpose of this Instructor's Manual is to supply suggested solutions to those
exercises and questions.
I should like to remind the reader that, whilst some of the exercises are drawn from the past
examination papers of the professional accounting bodies, the answers provided here to those
questions are entirely my own responsibility.
Alan Melville
April 2015
v
© Pearson Education Limited 2015
, Melville: International Financial Reporting, Instructor's Manual, 5th edition
Acknowledgements
I would like to thank the International Financial Reporting Standards Foundation for permission
to use extracts from various IASB standards (Copyright © IFRS Foundation. All rights
reserved. Reproduced by Pearson Education Limited with the permission of the IFRS
Foundation ®. No permission granted to third parties to reproduce or distribute). The IASB, the
IFRS Foundation, the authors and the publishers do not accept responsibility for any loss caused
by acting or refraining from acting in reliance on the material in this publication, whether such
loss is caused by negligence or otherwise.
Alan Melville
April 2015
vi
© Pearson Education Limited 2015
, Melville: International Financial Reporting, Instructor's Manual, 5th edition
Chapter 1
The regulatory framework
1.8
(a) The objectives of the IASB are:
(i) to develop, in the public interest, a single set of high-quality, understandable, enforceable and
globally accepted financial reporting standards based upon clearly articulated principles; these
standards should require high quality, transparent and comparable information in financial
statements and other financial reporting to help investors, participants in the world's capital
markets and other users of financial information to make economic decisions;
(ii) to promote the use and rigorous application of those standards;
(iii) in fulfilling objectives (i) and (ii), to take appropriate account of the needs of a range of sizes
and types of entities in diverse economic settings;
(iv) to bring about convergence of national accounting standards and international standards.
(b) The Preface states that IFRSs and IASs are designed to apply to the general purpose financial
statements and other financial reporting of profit-oriented entities, whether these are organised in
corporate form or in other forms.
(c) The main stages in the IASB due process are:
– identification and review of all the issues associated with the topic concerned
– consideration of the way in which the IASB's Conceptual Framework applies to these issues
– a study of national accounting requirements in relation to the topic and an exchange of views
with national standard-setters
– consultation with the Trustees and the Advisory Council about the advisability of adding this
topic to the IASB's agenda
– publication of a discussion document for public comment
– consideration of comments received within the stated comment period
– publication of an exposure draft for public comment
– consideration of comments received within the stated comment period
– approval and publication of the standard.
1
© Pearson Education Limited 2015
, Melville: International Financial Reporting, Instructor's Manual, 5th edition
1.9
(a) The objective of IFRS1 is to ensure that an entity's first financial statements that comply with inter-
national standards should contain high-quality information that:
– is transparent for users and comparable for all periods presented
– provides a suitable starting point for accounting under international standards
– can be generated at a cost that does not exceed the benefits to users.
(b) An entity's "first IFRS reporting period" is the reporting period covered by the first IFRS financial
statements. The first IFRS financial statements are the first financial statements in which the entity
adopts international standards and makes an explicit and unreserved statement of compliance with
those standards.
The "date of transition to IFRS" is the date at the beginning of the earliest period for which an entity
presents comparative information in its first IFRS financial statements.
(c) The company's first IFRS reporting period is the year to 31 October 2016. The earliest period for
which comparative figures are presented in the first IFRS financial statements is the year to 31
October 2011. Therefore the date of transition is 1 November 2010. The company must:
(i) prepare an IFRS statement of financial position as at the start of business on 1 November 2010
(i.e. as at the close of business on 31 October 2010)
(ii) use identical accounting policies in this "opening" IFRS statement of financial position and in
the financial statements for the year to 31 October 2016 and in the comparative figures
provided for the previous five years; these accounting policies must comply with international
standards in force for periods ending on 31 October 2016
(iii) provide a reconciliation of equity as reported under previous GAAP with equity reported
under IFRS, for 31 October 2010 and 31 October 2015
(iv) provide a reconciliation of total comprehensive income as reported under previous GAAP with
total comprehensive income as it would have been reported under IFRS, for the year to 31
October 2015.
2
© Pearson Education Limited 2015
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Hknysr. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €5,48. Je zit daarna nergens aan vast.
Is Stuvia te vertrouwen?
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 55628 samenvattingen verkocht
Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen