About this publication

The eighteenth edition of Accounting Standards is intended for Financial Accounting second- or third-year students or students requiring an introduction to accounting standards. It introduces students to the principles of the International Financial Reporting Standards (IFRS).

The accounting principles are illustrated through questions which gradually increase in difficulty. This approach facilitates students’ understanding of these principles and enables them to get to grips with financial statements in a practical manner. An indication is given when a question contains topics that are not in the revised SAICA syllabus, but may be relevant for other syllabi or for the further enrichment of students’ understanding.

Accounting Standards is designed to meet students’ requirements while at the same time reducing the lecturers’ workload. Solutions to all the questions are provided to lecturers at prescribing institutions

Publication Date: 2018/12/23

Kindly note that the communicated dates are subject to change without prior notice.

Content

FRW Conceptual framework for financial reporting

IFRS 13 Fair value measurement

DISCLOSURE

IAS 1 Presentation of financial statements

IAS 7 Statement of cash flows

IAS 8 Accounting policies, changes in accounting estimates and

errors

IAS 10 Events after the reporting period

IAS 20 Accounting for government grants and disclosure of

government assistance

IAS 24 Related party disclosures

IAS 32 Financial instruments: presentation

IAS 33 Earnings, headline earnings and dividend per share

IAS 34 Interim financial reporting

IFRS 7 Financial instruments: disclosure

IFRS 8 Operating segments

ASSETS

IAS 2 Inventories

IAS 12 Income taxes

IAS 16 Property, plant and equipment

IAS 19 Employee benefits

IAS 20 Accounting for government grants and disclosure of

government assistance

IAS 21 The effects of changes in foreign exchange rates

IAS 23 Borrowing costs

IAS 36 Impairment of assets

IAS 38 Intangible assets

IAS 40 Investment property

IFRS 5 Non-current assets held for sale and discontinued operations

IFRS 9 Financial instruments

IFRS 16 Leases

LIABILITIES PAGE

IAS 12 Income taxes

IAS 19 Employee benefits

IAS 21 The effects of changes in foreign exchange rates

IAS 32 Financial instruments: presentation

IAS 37 Provisions, contingent liabilities and contingent assets

IFRS 2 Share-based payment

IFRS 9 Financial instruments

IFRS 16 Leases

STATEMENT OF PROFIT OR LOSS AND OTHER

COMPREHENSIVE INCOME

IAS 12 Income taxes

IAS 19 Employee benefits

IAS 21 The effects of changes in foreign exchange rates

IFRS 2 Share-based payment

IFRS 15 Revenue from contracts with customers

GROUPS

IAS 27 Separate financial statements

IAS 28 Investments in associates

IAS 29 Financial reporting in hyperinflationary economies

IFRS 3 Business combinations

IFRS 10 Consolidated financial statements and separate financial

statements

IFRS 11 Joint arrangements

IFRS 12 Disclosure of interests in other entities