Gripping GAAP – Your Guide to International Financial Reporting Standards

Description:

Master the complexities of Financial Accounting with Gripping GAAP. Written by the esteemed Cathryn Sowden-Service, this textbook is the most popular resource for South African students who need to bridge the gap between abstract IFRS standards and practical, “how-to” accounting entries. It is designed to make even the most difficult standards “easy” to grasp through clear explanations and comprehensive examples.

Why This Textbook is a “Must-Have” for Accounting:

• Comprehensive Coverage: Covers all major IFRS standards required for undergraduate and postgraduate (CTA) accounting modules.

• Practical Examples: Unlike the formal “Blue Book” of standards, Gripping GAAP provides step-by-step calculations and the actual journal entries you need to record.

• Student-Focused Tone: It explains the “logic” behind the standards, helping you understand why certain accounting treatments are required.

• Exam Preparation: Specifically designed to align with the curriculum of South African universities and the SAICA competency framework.

Key Topics Covered:

• Presentation of Financial Statements (IAS 1).

• Inventory (IAS 2) and Property, Plant, and Equipment (IAS 16).

• Revenue from Contracts with Customers (IFRS 15).

• Financial Instruments (IFRS 9) and Leases (IFRS 16).

• Group Statements: Business Combinations and Consolidations.

• Deferred Tax and Employee Benefits.

Key Specifications:

• ISBN-13: 9781776177585

• Author: Cathryn Sowden-Service

• Publisher: LexisNexis South Africa

• Format: Physical Paperback