International Financial Reporting Standards

Applying International Financial Reporting Standards (IFRS) in a business situation can have a signficant effect on the financial results and position of a division or an entire business enterprise. International Financial Reporting Standards: A Practical Guide gives private or public sector executives, managers, and financial analysts without a strong background in accounting the tools they need to participate in discussions and decisions on the appropriateness or application of IFRS.

Each chapter summarizes an International Financial Reporting Standard, following a consistent structure:

• Objective of the Standard
• Scope of the Standard
• Key concepts
• Accounting treatment
• Presentation and disclosure
• Financial analysis and interpretation

Many chapters of the book also contain examples that illustrate the practical application of key concepts in a particular standard. The publication includes all of the standards issued by the International Accounting Standards Board (IASB) through December 2008.