Steven Collings - IFRS for Dummies

IFRS For Dummies

by Steve Collings

IFRS For Dummies

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ISBN: 978-1-119-96308-0 (pbk); ISBN 978-1-119-96652-4 (ebk); ISBN 978-1-119-96653-1 (ebk); ISBN 978-1-119-96654-8 (ebk)

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About the Author

Steve Collings, FMAAT FCCA, is the audit and technical director at Leavitt Walmsley Associates, a firm of Chartered Certified Accountants based in Sale, Manchester in the United Kingdom. Steve trained and qualified with the firm, for which he is also Senior Statutory Auditor. He qualified with the Association of Accounting Technicians in 2000 and then went on to qualify as an Associate Chartered Certified Accountant (ACCA) in 2005. In 2010, he became a Fellow of the Association of Chartered Certified Accountants (FCCA). Steve also holds the Diploma in IFRS from ACCA which he obtained in 2008, as well as their Certificates in IFRS and Certificates in International Standards on Auditing.

Steve specialises in financial reporting and auditing issues, and has been writing professionally for several years. He is the author of The Interpretation and Application of International Standards on Auditing (published by John Wiley & Sons, Ltd. in March 2011) and of other publications on the subjects of UK accounting standards, International Financial Reporting Standards and International Standards on Auditing. He is also the author of several articles which have been published in the various accounting media, primarily AccountingWEB.co.uk. Steve also lectures to professional accountants on financial reporting, auditing and Solicitors Accounts Rules.

Steve won Accounting Technician of the Year at the British Accountancy Awards in November 2011.

Authors Acknowledgments

Many people believe that writing and producing a book is a one-person project. Believe me, it is anything but! I have been writing about accounting and auditing issues for many years now but writing IFRS For Dummies has proved to be one of the biggest (but best) challenges I have faced. My most sincere thanks and gratitude must therefore go to the Commissioning Editor, Claire Ruston, who helped to get this project off the ground. There has not been one instance where I have not enjoyed writing this book, and it has been an absolute pleasure to write.

Every author of a book needs a strong and supportive publishing team behind them and I feel honoured to have people like Steve Edwards (my project editor), Charlie Wilson (my development editor), and Caroline Fox (my technical reviewer) to have worked with during the writing of this book. My heartfelt thanks and gratitude must go to these guys as well as the other guys on the publishing team who have helped to bring this book to market.

The support I have received from my family and friends over the years does not go unnoticed, especially when deadlines are approaching and the pressure kicks in (you all know who you are). My thanks also must go to Les Leavitt, my friend and colleague, who has shown a huge amount of enthusiasm and support for this project and accommodated my deadlines in with work projects.

Finally my thanks go to you, the reader who has picked up this book. I sincerely hope you find it informative, helpful and a good reference guide to the world of IFRS. Keep it close to hand to guide you through complex issues on IFRS and IAS.

Dedications

I am fortunate to know so many influential and special people, both in my personal and professional life, and to name every individual who has influenced my career and writing would be impossible. For every member of my family and each one of my friends (many of whom feature in the illustrative examples in this book), this book is for you. I would also like to dedicate this book to all my peers in the world of financial reporting (particularly Roger Bryant, Lisa Weaver, Clare Finch and Annette Smyth).