Author: Kevin McSharry
This book summarises some of the complex accounting areas that are specific to the retail sector and provides a simple and easy to follow guide to the change to IFRS for SMEs.
Retail companies and their accountants should start planning for the adoption of IFRS in the short term and consider the commercial implications for IFRS for SMEs for their business. The transition to IFRS will lead to changes in both the profit & loss account and the balance sheet as well as providing a platform for easier comparability across the industry.
This book deals with seven core areas that are at the heart of the retail sector:
1. Revenue recognition
2. Brands, advertising and PR
3. Selling to retailers
4. Franchise operations
5. Storage
6. Leasehold interest
7. Fixed assets and freehold property
The text also includes illustrative financial statements under IFRS for SMEs as well as illustrative accounting policies and financial statement disclosures.
Price: TBA
ISBN: 9781907214233
Paperback
About the author:
Kevin McSharry is a Fellow of Chartered Accountants Ireland and has a Diploma in IFRS. He worked in practice for 17 years, most recently as a Partner in BDO Simpson Xavier, having started his professional career in practice with KPMG. He has extensive experience in the retail industry having advised a range of businesses from fundraising, acquisitions and disposals to financial reporting improvements, including transition to IFRS. Kevin lectures in auditing, business leadership and financial reporting for Chartered Accountants Ireland.
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For content information please contact:
Becky McIndoe:
+353 1 637 7204