IFRSs, the standards set by the International AccountingStandards Board (IASB), are complex and sometimes obscure.Understanding their implications and applying them appropriatelyrequires something special; and that is why InternationalGAAP® 2015 is the essential tool for anyone applying,auditing, interpreting, regulating, studying and teachinginternational financial reporting. It provides expertinterpretation and practical guidance for busy professionals, andincludes, in every chapter, detailed analysis of how complexfinancial reporting problems can be resolved appropriately andeffectively. The International Financial Reporting Group of Ernst& Young includes financial reporting specialists fromthroughout the world. Complex technical accounting issues areexplained clearly in a practical working context that enablesimmediate understanding of the point at issue.
International GAAP® 2015 is the only globallyfocused work on IFRSs. It is not constrained by any individualcountry’s legislation or financial reporting regulations, andit ensures an international consistency of approach unavailableelsewhere. It shows how difficult practical issues should beapproached in the complex, global world of international financialreporting, where IFRSs have become the accepted financial reportingsystem in more than 100 countries. This integrated approachprovides a unique level of authoritative material for anyoneinvolved in preparing, interpreting or auditing company accounts,for regulators, academic researchers and for all students ofaccountancy.
All aspects of the detailed requirements of IFRS are dealtwith on a topic-by-topic basis. Each chapter ofInternational GAAP® 2015 deals with a key area of IFRSand has a common structure for ease of use:
• An introduction to the background issues
• An explanation of relevant principles
• A clear exposition of the requirements of IFRS
• A discussion of the implications in practice and possible alternative solutions available
• Worked examples
• Extracts from real company accounts
• A full listing of the required disclosures
Avainsanat: Intermediate Accounting