IFRS Applications: The Ultimate Guide to Exam and Professional Success

Comprehensive and Enhanced Book Summary

1. Author and General Editor Information

This book is the result of a collaboration between several recognized academics and professional accountants, ensuring a perfect balance between academic rigor and practical relevance.

General Editor
• ME Pietersen, MCom(Acc), CA(SA) — Associate Professor of Accounting, University of Johannesburg

Authors and Contributors
• N. Stegmann, DCom(Acc) — Associate Professor, University of Johannesburg
• C.J. van Schalkwyk, MCom(Tax), CA(SA) — Professor of Accounting & Taxation, University of Stellenbosch
• N. Wesson, PhD, CA(SA) — Associate Professor of Management Accounting, Stellenbosch Business School
• M. Malan, MCom, CA(SA) — Senior Lecturer, University of Johannesburg

Their expertise guarantees accurate interpretation of IFRS and a practical, real-world approach aligned with both academic and professional requirements.

2. Book Overview

Full Title: IFRS Applications: Questions and Solutions
Type: Workbook focused on the practical application of IFRS and IAS standards.
Educational Objective: To help students and professionals master the identification, recognition, measurement, presentation, and disclosure of transactions according to International Financial Reporting Standards.

This book serves as a structured reference to practice exam-style questions and real-world scenarios.

3. Publication and Edition Information

Publisher: LexisNexis®
Edition: Third Edition
Year of Publication: Circa 2016 (updated regularly to incorporate the revised IASB conceptual framework)
ISBN: (to be completed as per edition)

Added Value:
Purchase includes free access to the LexisNexis PassPlus+ online evaluation tool (worth R300), enabling learners to continuously assess their understanding through interactive quizzes and progress tracking.

4. Companion Books in the Same Collection

This book is part of LexisNexis’ academic IFRS series, designed for university accounting, finance, and auditing curricula.

Complementary Resources:
• Theoretical IFRS textbooks (according to level)
• PassPlus+ for self-assessment
• Other IFRS workbooks from the same series

The collection is recognized for its technical accuracy, reliability, and pedagogical orientation.

5. Detailed Book Content Summary

The workbook provides a structured set of questions with detailed solutions covering essential IFRS and IAS standards. It follows a principle-based approach in line with IASB guidance.

Key chapters include:

• Conceptual Framework for Financial Reporting

• Presentation Standards

  • IAS 1 — Presentation of Financial Statements

  • IAS 7 — Statement of Cash Flows

• Asset Standards

  • IAS 2 — Inventories

  • IAS 16 — Property, Plant, and Equipment

  • IAS 38 — Intangible Assets

  • IAS 40 — Investment Property

  • IFRS 5 — Non-current Assets Held for Sale

• Complex Standards

  • IAS 12 — Income Taxes

  • IAS 36 — Impairment of Assets

  • IAS 37 — Provisions

  • IAS 33 — Earnings per Share

  • Financial Instruments: IAS 32 / IAS 39 / IFRS 9

Each chapter includes:
• Learning objectives
• Graduated difficulty questions
• Detailed solutions
• Analysis of common mistakes
• Exam preparation tips

6. Target Audience

• Students (Bachelor, B.Com, undergraduate) preparing for IFRS and auditing modules.

• Professional exam candidates (CA(SA), DEC, DSCG, CPA, etc.).

• Teachers/Instructors for tutorials, exercises, and exam simulations.

• Accounting professionals seeking up-to-date IFRS knowledge.

7. Marketing Reasons and Key Benefits

• Practical IFRS application tool: bridges theory and practice.

• Intensive exam preparation: structured for university and professional assessments.

• PassPlus+ access included: track progress in real time.

• Certified academic quality: authored and updated by recognized professors and CA(SA) professionals.

• Comprehensive coverage: measurement, recognition, presentation, and disclosure.

• Long-term reference: serves as a durable revision or teaching tool.

8. Lifetime Access & Resale Rights

• Lifetime access is granted after purchase, available 24/7 on the platform: www.bigdataconsult.fr.

• BIG DATA CONSULT holds exclusive resale rights, with reading access limited to its platform.

  
  

Enhanced Conclusion

IFRS Applications: Questions and Solutions is a true accelerator for skills development. Combining methodological rigor, real-life cases, and structured exercises, it enables readers to acquire solid practical competence in applying IFRS — a highly valued professional skill.

Marketing Value:
Purchasing this book immediately increases the academic and professional value of the reader, ensuring mastery of IFRS, practical problem-solving skills, and optimal exam preparation. It is a strategic investment for rapid career advancement and securing a competitive edge in IFRS-compliant financial reporting environments.