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

1. 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.
2. 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.
3. 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.
4. 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 been strengthened,reflecting the growing importance of these considerations in contemporary accountingand business practice. These additions have been integrated throughout thetext to help students stay current with evolving accounting standards and emergingglobal business trends.

頁數：925
版次：第6版
年份：2026年
規格：平裝/彩色
ISBN：9781394415595

1. Accounting in Action
2. The Recording Process
3. Adjusting the Accounts
4. Completing the Accounting Cycle
5. Accounting for Merchandise Operations
6. Inventories
7. Fraud, Internal Control, and Cash
8. Accounting for Receivables
9. Plant Assets, Natural Resources, and Intangible Assets
10. Current Liabilities
11. Non-Current Liabilities
12. Corporations: Organization, Share Transactions, and Equity
13. Investments
14. Statement of Cash Flows
15. Financial Analysis: The Big Picture
Appendix A Specimen Financial Statements: Taiwan Semiconductor Manufacturing Company, Limited
Appendix B Specimen Financial Statements: Nestlé SA
Appendix C Specimen Financial Statements: Delfi Limited
Appendix D Specimen Financial Statements: Apple Inc.
Appendix E Time Value of Money
Appendix F Accounting for Partnerships
Appendix G Subsidiary Ledgers and Special Journals