In a handy, easy to navigate format, Frequently Asked Questions in IFRS provides clear answers to some of the most commonly asked questions on International Financial Reporting Standards.

The book contains a useful overview of the standards, provides worked examples to aid understanding and includes a handy 'test your knowledge' section. Topics covered included the role of the IASB and the conceptual framework, first-time adoption, current and non-current assets and liabilities, as well as the often complicated areas of accounting for financial instruments, tangible and intangible assets, provisions and revenue recognition. In addition to the full standards, the book also contains a section on the IFRS for SMEs.

Illustrating the use of the standards through real-world examples from financial reports. Frequently Asked Questions in IFRS provides a simple and accessible way of getting up to speed on these often confusing, principles-based standards.