Wiley IFRS: Practical Implementation Guide and Workbook Fourth Edition is a one-stop workbook that provides comprehensive guidance on learning the International Financial Reporting Standards (IFRS). Using a variety of "hands-on" instruction techniques, the book provides lucid explanations of the complex Standards being adopted throughout the world, and practical insights into the implementation of these "principles-based" standards. Users will clarify their understanding of the standards, and gain practical insights into their application.
The International Financial Reporting Standards (IFRS) have been adopted by over 120 countries as a way to bring about convergence in financial reporting around the world. More than two-thirds of the most powerful economies of the world (the G20 nations) have given them a favorable nod of acceptance. Specifically, global players such as Brazil, Canada, Korea, Australia, Russia, and all the member states of E.U. (including the likes of Germany, France, and the UK) have already adopted these Standards, and other major economies of the world are expected to follow suit in later years.
This workbook fills the urgent need for a complete resource that allows finance professionals to get up to speed quickly, and is comprehensive enough to be used as a reference by those preparing for the IFRS certification examinations. The updated fourth edition contains a comprehensive analysis of ALL currently effective IFRS/IAS standards and ALL "IFRIC"/"SIC" interpretations and also covers the latest changes that affect the standards, including:
- New and revised Standards – IFRS 9, 10, 11, 12, 13, 14
- Exposure Drafts, including Leasing Revenue Recognition, Financial Instruments
- Exercises on IFRS standards framed as case studies with solutions
- Multiple choice questions and illustrations of complex technical issues
- Exam-prep examples for IFRS certification candidates
The Workbook walks readers through the IFRS Standard by Standard, providing exercises along the way that help illustrate the application of key concepts and techniques. Readers will learn the Standards as well as the larger framework at play, gaining proficiency in this new global financial reporting methodology making its way to the financial professionals with much to learn but little time to spare who will definitely appreciate the clarity, simplicity, and completeness ofWiley IFRS: Practical Implementation Guide and Workbook Fourth Edition.