For the latest information on International Financial Reporting Standards, the Spiceland author team has compiled the online supplement below. The IFRS supplement explains the background and current status of the convergence process, then illustrates key differences between US and international GAAP for each chapter of the book. Given the fast pace of change in this area, the supplement will be updated periodically to make sure you are up-to-date with the convergence process.

Spiceland_5e_Online_IFRS_supplement.pdf (128.0K)

On the narrated PPT for chapter 7, Slide 29 shows the ending balance in Accounts Receivable as $330,000 credit. This should be a $330,000 debit balance instead.

Chapter 14, slide 29 of the Narrated Slides: The slide incorrectly shows a debit of $33,367 and credit of 4,644 on the same line. It should only show the credit to Discount on Notes Payable of $4,644 in the June 30 entry.