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IFRS For Dummies
ISBN: 978-1-119-96308-0
May 2012
416 pages
The quickest, easiest way to get to grips with International Financial Reporting Standards
If you're an accountant, student, or trainee looking for a quick fix on IFRS, this plain-English guide has you covered. IFRS For Dummies provides all the facts you need to understand the complex world of international financial reporting, along with plenty of practical, real-world examples.
Learn the who, what and why – get the lowdown on why the standards were created and which countries use them, as well as the advantages of IFRS
Master IFRS financial statements – get up and running with the basics of how to prepare financial statements under IFRS, and how some of the key standards work
Prepare statements with confidence – get to grips with some of the more complicated aspects of financial reporting, including how to prepare consolidated statements for subsidiaries and joint ventures
Know what to disclose – find out what you should disclose in addition to the usual primary financial statements, and understand the importance of disclosure notes
Avoid reporting mistakes – be aware of common pitfalls when preparing financial statements under IFRS and IAS and know how to avoid them
Fix reporting problems – take in expert advice and guidance on how to resolve an array of complex financial reporting problems
Open the book and find:
A breakdown of IFRS and where they apply
The key standards – in a nutshell
Advice on adopting IFRS for the first time
How IFRS affects the key components of your financial statements
The lowdown on disclosing information in financial statements
Ways of preparing financial statements under IFRS
Tips for avoiding common pitfalls
Methods for resolving difficult reporting problems
Learn to:
Find your way around the key standards
Understand where IFRS apply
Prepare for adopting IFRS for the first time
Produce IFRS-friendly financial statements