International GAAP 2008: Generally Accepted Accounting Practice under International Financial Reporting Standards [Paperback]

Ernst & Young (Editor)

Book Description

ISBN-10: 0470996145 | ISBN-13: 978-0470996140 | Publication Date: April 14, 2008

IFRSs, the standards set by the International Accounting Standards Board (IASB), are complex and sometimes obscure. Understanding their implications and applying them appropriately requires something special....and that is why International GAAP 2008 is the essential tool for anyone applying, auditing, interpreting, regulating, studying and teaching international financial reporting. It provides expert interpretation and practical guidance for busy professionals, and includes, in every chapter, detailed analysis of how complex financial reporting problems can be resolved appropriately and effectively.

International GAAP 2008 is the only globally focused work on IFRSs. It is not constrained by any individual country’s legislation or financial reporting regulations, and it ensures an international consistency of approach unavailable elsewhere. It shows how difficult practical issues should be approached in the new complex global world of international financial reporting, where IFRSs have become the accepted financial reporting system in more than 120 countries. This integrated approach provides a unique level of authoritative material for anyone involved in preparing, interpreting or auditing company accounts, for regulators, academic researchers and for all students of accountancy.

The International Financial Reporting Group of Ernst & Young includes financial reporting specialists from throughout the world. Complex  technical accounting issues are explained clearly in a practical working context that enables immediate understanding of the point at issue.

International GAAP 2008 is accompanied by numerous worked examples, a comprehensive discussion of the practical issues of the day and the possible alternative solutions available, and hundreds of practical illustrations taken from the actual financial statements of companies that report under IFRSs.

• The only globally focused work on IFRS giving an international consistency of approach unavailable elsewhere
• This new and essential volume of practical guidance and expert interpretation deals with every aspect of applying International Financial Reporting Standards (IFRS) appropriately and effectively
• Written by financial reporting experts from the International Financial Reporting Group of Ernst & Young
• Includes a new chapter on Extractive Industries (mining, oil & gas), the biggest industry sector in the world
• This new edition in the International GAAP® series serves as a successor to the same authors’ market-dominating UK GAAP and UK & International GAAP

"an important part to play in the process of promoting consistent, comparable and high quality financial reporting under IFRSs … a book that not only provides an analysis of the requirements of the standards and the principles that they expound, but also presents a unique explanation of how the standards should be interpreted and applied in practice."
—the Chairman of Trustees of the IASC Foundation

Praise for previous editions in the International GAAP series:

"A standard reference work"
—Financial Times

"The definitive guide to financial reporting"
—The Times

Editorial Reviews

From the Back Cover

International GAAP® 2008 goes much further than explanation. It interprets IFRSs, sets them in a relevant business context and provides insights into how complex practical issues should be resolved in the real world of global financial reporting. Written by financial reporting experts from the International Financial Reporting Group of Ernst & Young, this two volume work provides a truly global perspective on the real-world interpretation and practical application of IFRSs. Complex technical accounting issues are explained clearly in jargon-free terms, and IFRSs are set in a practical working content with numerous worked examples and hundreds of practical illustrations from the published financial reports of major listed companies from around the world.

The most comprehensive guide available, International GAAP® 2008 is now published in two volumes. Volume 2 contains the following chapters and sections.

About the Author

Ernst & Young is a global leader in professional services with some 114,000 people based in 140 countries. Around the world the firm is committed to pursuing the highest levels of integrity, quality, and professionalism in delivering a broad inventory of services to their clients. By connecting their people’s talents, Ernst & Young provides solutions to clients based on financial, transactional, and risk-management knowledge in its core services of audit, tax, and transactions.
International GAAP 2008 is the only truly globally focused work on IFRSs. It is not constrained by any individual country’s legislation or financial reporting regulations, and it ensures an international consistency of approach unavailable elsewhere. It shows how difficult practical issues should be approached in the new complex global world of international financial reporting, where IFRSs have become the accepted financial reporting system in more than 100 countries.  This integrated approach provides a unique level of authoritative material for anyone involved in preparing, interpreting or auditing company accounts, for regulators, academic researchers and for all students of accountancy.
The International Financial Reporting Group of Ernst & Young includes financial reporting specialists from throughout the world.

Product Details

• Paperback: 3424 pages
• Publisher: Wiley (April 14, 2008)
• Language: English
• ISBN-10: 0470996145
• ISBN-13: 978-0470996140
• Product Dimensions: 10.1 x 7.5 x 3.8 inches
• Shipping Weight: 7.5 pounds
• Amazon Best Sellers Rank: #2,042,820 in Books (See Top 100 in Books)