Wiley Ifrs

A one-stop resource for understanding and applying current International Financial Reporting Standards As the International Accounting Standards Board (IASB) makes rapid progress towards widespread acceptance and use of IFRS ® (formerly named International Accounting Standards) worldwide, the need to understand these new standards increases. Now fully revised and updated, IFRS ® Practical Implementation Guide and Workbook, Third Edition is the straightforward handbook for understanding and adapting the IFRS ® standards. This quick reference guide includes easy-to-understand IAS/IFRS ® outlines, explanations, and practical insights that greatly facilitate understanding of the practical implementation issues involved in applying these complex standards. Clearly explaining the IASB standards so that even first-time adopters of IFRS ® will understand the complicated requirements, the Third Edition presents: Ten recently issued and revised IFRS ® standards including business combinations, financial instruments and newly issued IFRS ® for SMEs New International Financial Reporting Interpretations Committee (IFRIC) projects Multiple-choice questions with solutions and explanations to ensure thorough understanding of the complex IFRS ® /IAS standards Case studies or "problems" with solutions illustrating the practical application of IFRS ® /IAS Excerpts from published financial statements around the world Designed with the needs of the user in mind, IFRS ® Practical Implementation Guide and Workbook, Third Edition is an essential desktop reference for accountants and finance professionals, as well as a thorough review guide for the IFRS ® /IAS certification exam.