International GAAP 2019 – PDF

Ernst & Young’s International GAAP® 2019 (in PDF) is a very comprehensive guide (3 volume set) to interpreting and implementing International Financial Reporting Standards (IFRS), setting IFRS in a relevant business context and providing insights into how complex practical issues should be resolved in the real world of global financial reporting. This ebook is an essential tool for anyone auditing, applying, regulating, interpreting, studying or teaching IFRS. Written by EYs financial reporting professionals from around the world, this 3-volume guide to reporting under IFRS provides a global perspective on the application of IFRS. Complex technical accounting issues are explained clearly and IFRS is set in a practical context with many worked examples and hundreds of illustrations from the published financial reports of major listed companies from around the globe.

The 2019 edition of International GAAP® has been fully revised and updated in order to:

• Explore the complex implementation issues arising as entities adopt, in 2019, IFRS 16 (Leases).

• Address amended standards and new interpretations issued since the preparation of the 2018 edition.

• Continue to investigate the many implementation issues arising as entities adopt IFRS 9 (Financial Instruments) and IFRS 15 (Revenue from Contracts with Customers).

• Provide insight into the many issues relating to the practical application of IFRS, based on the extensive experience of the ebook’s authors in dealing with current issues.

• Explain the many other initiatives that are currently being discussed by the IFRS Interpretations Committee and by the IASB and the potential consequential changes to accounting requirements.

• Include an amended chapter on the revised Conceptual Framework, which was published in March 2018. The changes to the Conceptual Framework may affect the application of IFRS in situations where no standard applies to a particular transaction or event.

• Include an updated chapter on the new insurance contracts standard IFRS 17 (Insurance Contracts), which reflects the recent discussions of the IASB’s Transition Resource Group on implementation issues raised, proposed narrow-scope amendments to IFRS 17 intended by the IASB, and also explores other matters arising as people prepare for the adoption of this standard.