International GAAP 2009: Generally Accepted Accounting Practice Under International Financial Reporting Standards (Ifrs)

International GAAP 2009: Generally Accepted Accounting Practice Under International Financial Reporting Standards (Ifrs)
Contributor(s): Ernst & Young (Editor)


ISBN: 0470740035 EAN: 9780470740033


Paperback


March 2009

This item is Non- Returnable


- Business & Economics | Accounting

3780 pages


International GAAPa2009 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 GAAPahas 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 onextractive industries, and a new chapter on insurance contracts.



This 2009 edition of "International GAAP(R)" is the only globally focused work on IFRS giving an international consistency of approach unavailable elsewhere. "International GAAP(R) 2009" is fully revised and updated in order to: Deal with all new and amended authoritative pronouncements and exposure drafts, including the new revised standards on business combinations and consolidated financial statements Provide insight and guidance in greater detail than ever before on the interpretation and practical application of IFRS 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 extracts from the published accounts of real companies from around the world

The book will published in two volumes with over approximately 3,700 pages, comprising 42 Chapters, three indexes, and 90 pages of detailed contents.

IFRSs, the standards set by the International Accounting Standards Board (IASB), are complex and sometimes obscure. Understanding their implications and applying them appropriately requires something special....and that is why "International GAAP(R) 2009" is the essential tool for anyone applying, auditing, interpreting, regulating, studying and teaching international financial reporting. It provides expert interpretation and practical guidance for busy professionals, and includes, in every chapter, detailed analysis of how complex financial reporting problems can be resolved appropriately and effectively.
"International GAAP(R) 2009" is the only globally focused work on IFRSs. It is not constrained by any individual country's legislation or financial reporting regulations, and itensures an international consistency of approach unavailable elsewhere. It shows how difficult practical issues should be approached in the new complex global world of international financial reporting, where IFRSs have become the accepted financial reporting system in more than 100 countries. This integrated approach provides a unique level of authoritative material for anyone involved in preparing, interpreting or auditing company accounts, for regulators, academic researchers and for all students of accountancy.
The International Financial Reporting Group of Ernst & Young includes financial reporting specialists from throughout the world. Complex technical accounting issues are explained clearly in a practical working context that enables immediate understanding of the point at issue.
"""International GAAP(R) 2009" 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 practical illustrations taken from the actual financial statements of companies that report under IFRSs.

""Priase for the previous edition:
"an important part to play in the process of promoting consistent, comparable and high quality financial reporting under IFRSs ... a book that not only provides an analysis of the requirements of the standards and the principles that they expound, but also presents a unique explanation of how the standards should be interpreted
and applied in practice." - "the (then) Chairman of Trustees of the IASC Foundation"
Praise for previous editions in the "International GAAP(R)" series:
"A standard reference work" - "Financial Times"

"Thedefinitive guide to financial reporting" - "The Times"

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