Ernst – Young LLP
Wiley; 1st edition
The three-volume set of Ernst & Young’s International GAAP® 2019 is a very comprehensive guide to interpreting and implementing International Financial Reporting Standards (IFRS). It places IFRS in a relevant business context and provides insights into how complex practical issues should be resolved in the real world of global financial reporting. The guide is available in PDF format. This book is an indispensable resource for anybody who audits, applies, regulates, interprets, studies, or teaches International Financial Reporting Standards (IFRS). This three-volume reference to reporting under IFRS provides a global perspective on the use of IFRS. It was written by EYs financial reporting professionals from around the world. Complex technical accounting issues are broken down in a way that is easy to understand, and IFRS is placed within the context of a practical setting. The book includes a large number of worked examples and hundreds of illustrations taken from the published financial reports of major listed companies from all over the world.
The International GAAP® 2019 edition has undergone a comprehensive round of revisions and updates in order to:
· Investigate the complicated implementation difficulties that may arise when entities start using IFRS 16 in 2019 (Leases).
• Address any revised standards or newly published interpretations that have been published since the 2018 edition was prepared.
· Carry on with the investigation of the numerous implementation problems that are cropping up as a result of organizations adopting IFRS 9 (Financial Instruments) and IFRS 15 (Revenue from Contracts with Customers).
• Give readers a better understanding of the many challenges that are associated with the implementation of IFRS in practice, drawing on the vast experience that the ebook’s authors have had in tackling real-world problems.
• You are tasked with providing an explanation of the several additional initiatives that are now being debated by the IFRS Interpretations Committee as well as by the IASB, as well as the potential changes to accounting rules that may result from these debates.
• Include an updated chapter on the Conceptual Framework, which was just published in March of this year. The modifications that were made to the Conceptual Framework may have an effect on the application of IFRS in circumstances in which no other standard is applicable to a specific transaction or event.
• Include an updated chapter on the new insurance contracts standard, IFRS 17 (Insurance Contracts); which reflects the recent discussions of the IASB’s Transition Resource Group on implementation issues raised; proposed narrow-scope amendments to IFRS 17 intended by the IASB; and also explores other matters arising as people prepare for the adoption of this standard; and also includes the following: