"In the ever-evolving landscape of global economics, accounting stands as the universal language of business. This book explores the vital role of accounting in articulating economic, social, and environmental activities. It provides a detailed comparison between Moroccan GAAP, IFRS, and US GAAP, highlighting the challenges and opportunities of harmonizing accounting standards in the context of Morocco's unique business environment. Each chapter is crafted to offer practical guidance and technical insights. From property, plant, and equipment (IAS 16) to intangible assets (IAS 38), leases (IAS 17), and inventory valuation (IAS 2), the book covers essential standards with a focus on their real-world application. Special emphasis is placed on the preparation of cash flow statements (IAS 7), a crucial aspect often overlooked in the Moroccan accounting framework. Through practical case studies and comparative analyses, readers will gain a comprehensive understanding of the principles governing financial statements and the importance of transparency and investor confidence. This book is an indispensable resource for accounting professionals, academics, and anyone interested in the global standardization of financial reporting"--
This book is an indispensable resource for accounting professionals, academics, and anyone interested in the global standardization of financial reporting.
In the ever-evolving landscape of global economics, accounting stands as the universal language of business. This book explores the vital role of accounting in articulating economic, social, and environmental activities. It provides a detailed comparison between Moroccan GAAP, IFRS, and US GAAP, highlighting the challenges and opportunities of harmonizing accounting standards in the context of Morocco's unique business environment.
Each chapter is crafted to offer practical guidance and technical insights. From property, plant, and equipment (IAS 16) to intangible assets (IAS 38), leases (IAS 17), and inventory valuation (IAS 2), the book covers essential standards with a focus on their real-world application. Special emphasis is placed on the preparation of cash flow statements (IAS 7), a crucial aspect often overlooked in the Moroccan accounting framework.
Through practical case studies and comparative analyses, readers will gain a comprehensive understanding of the principles governing financial statements and the importance of transparency and investor confidence. This book is an indispensable resource for accounting professionals, academics, and anyone interested in the global standardization of financial reporting.
INTRODUCTION, CHAPTER 1: PROPERTY, PLANT AND EQUIPMENT (IAS 16)
1.
Definition,
2. Initial cost,
3. Recognition after initial cost,
4. IAS 16, US
GAAP and the Moroccan accounting framework, CHAPTER 2: INTANGIBLES (IAS 38)
1. Definition,
2. Initial cost,
3. Recognition after initial cost,
4. IAS 38,
US GAAP and the Moroccan accounting framework, CHAPTER 3: LEASES (IFRS 16)
1.
Definition,
2. Lessees perspective,
3. Lessors perspective,
4. IFRS 16, US
GAAP and the Moroccan accounting framework, CHAPTER 4: INVENTORIES (IAS 2)
1.
Definition,
2. Inventory measurement,
3. Systems of inventory,
4. Valuing
inventory,
5. IAS 2, US GAAP and the Moroccan accounting framework, CHAPTER
5: IMPAIRMENTS OF ASSETS (IAS 36)
1. Definition,
2. Impairment indications,
3. Measurement and recognition conditions,
4. IAS 36, US GAAP and the
Moroccan accounting framework, CHAPTER 6: THE STATEMENT OF CASH FLOWS (IAS 7)
1. Definition,
2. The advantages of the statement of cash flows,
3. Cash
classification,
4. Presentation of the statement of cash flows,
5. IAS 7, US
GAAP and the Moroccan accounting framework, CASE STUDIES Case study #1 (IFRS
16, IAS 16 and IAS 36), Case study #2 (IFRS 16 and IAS 16), Case study #3
(IAS 2)
Issam Benhayoun a specialist in accounting and finance with a focus on financial reporting, International Financial Reporting Standards (IFRS), and small and medium-sized enterprises (SMEs). He leverages his expertise in both academic and professional settings.
Dr. Benhayoun is a full-time Associate Professor of Accounting and Finance at the National School of Business and Management (ENCG) of Meknes at Moulay Ismail University. He also shares his knowledge as a part-time faculty member in Accounting and Finance at the School of Business Administration (SBA) of Al Akhawayn University.
With a robust professional background that includes serving as a former Senior Executive in Finance and Accounting, as well as the former Head of the Management Control Division, Dr. Benhayoun seamlessly integrates practical insights with his extensive research contributions in the field of accounting. This unique blend of practical acumen and scholarly excellence significantly enhances his ability to bridge the gap between practice, research, and academia.
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