- Deal with all new and amended authoritative pronouncements, including the recent and signifi cant revisions to IAS 1 (Presentation of Financial Statements), IAS 23 (Borrowing Costs), IAS 27 (Consolidated and Separate Financial Statements) and IFRS 3 (Business Combinations)
- Provide insight and guidance 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
- Explain the many current initiatives that are being pursued by the IASB and IFRIC and that will lead to changes in accounting requirements
The impact of IFRS goes beyond financial reporting The move to International Financial Reporting Standards (IFRS) is the single most important initiative in the financial reporting world, the impact of which stretches far beyond accounting to affect many key decisions companies make. The ongoing development of IFRS requires a constant review of reporting practices. Early assessment of the impact of new and amended standards reduces the pressure of last minute corrections or delays to the accounts.