This title is acknowledged as the best electronic financial reporting toolkit available. "International GAAP[registered]" is the leading and most comprehensive guide to interpreting and implementing IFRS. It shows how difficult how difficult practical issues should be approached in the new complex global world of international financial reporting, where IFRS have become the accepted financial reporting system in more than 100 countries. The International Financial Reporting Group of Ernst & Young includes financial reporting professionals from around the world. Complex technical accounting issues are explained clearly in a working context that enables immediate understanding of the point at issue. "International GAAP[registered]" is accompanied by numerous worked examples, a comprehensive discussion of the practical issues of the day and the possible alternative solutions available, and hundreds of illustrations taken from the actual financial statements of companies that report under IFRS. Need the definitive online resource? Look no further than "International GAAP[registered]" enhanced online edition with the underlying standards. For the ultimate in convenience and practicality, the enhanced online edition of "International GAAP[registered]" offers all of the features of the standard online edition plus: the source material consisting of International Financial Reporting Standards. It offers clear links between the guidance in "International GAAP[registered]" and the source material. Full search capability of all the information is provided. These enhanced features ensure any given topic is quickly and easily researched and understood. Whatever your requirements, "International GAAP[registered]" online will ensure you are up-to-date with the fast-moving world of financial reporting at a time of unprecedented change.
International GAAP® 2009 goes much further than explanation. It interprets IFRSs, sets them in a relevant business context and provides insights into how complex practical issues should be resolved in the real world of global financial reporting. This integrated approach is unavailable in any other work, and provides a unique level of authoritative material for preparers, investors and other users of accounts, auditors, regulators, academic researchers, and students of accounting.
Written by financial reporting experts from the International Financial Reporting Group of Ernst & Young, this book provides a truly global perspective on the real-world interpretation and practical application of IFRSs. Complex technical accounting issues are explained clearly in jargon-free terms, and IFRSs are set in a practical working context with numerous worked examples and hundreds of practical illustrations from the published financial reports of major listed companies from around the world.
This 2009 edition of International GAAP® has been revised, updated and expanded substantially in order to:
- Deal with all new and amended authoritative pronouncements and exposure drafts, including the new IFRSs on Business Combinations and Consolidated and Separate Financial Statements
- Provide insight and guidance in greater detail than ever before on the interpretation and practical application of IFRSs from a truly global perspective, based on the experience of the book’s authors in dealing with recent day-to-day practical issues
- Update and expand the extracts from the published accounts of real companies from around the world
- Include industry-specific guidance, for example a full chapter on extractive industries, and a new chapter on insurance contracts.