International GAAP 2021

International GAAP 2021 is a detailed guide to interpreting and implementing International Financial Reporting Standards (IFRS). By setting IFRS in a relevant business context, it provides insights on how complex practical issues should be resolved in the real world of global financial reporting. This book is an essential tool for anyone applying, auditing, interpreting, regulating, studying or teaching IFRS.

Written by EY financial reporting professionals from around the world, this three-volume guide to reporting under IFRS provides a global perspective on the application of IFRS. The book explains complex technical accounting issues clearly by setting IFRS in a practical context with numerous worked examples and hundreds of illustrations from the published financial reports of major listed companies from around the world.

Volume 1 contains the following chapters and sections:



International GAAP
The IASB's Conceptual Framework
Presentation of financial statements and accounting policies
Non-current assets held for sale and discontinued operations
First-time adoption
Consolidated financial statements
Consolidation procedures and non-controlling interests
Separate and individual financial statements
Business combinations
Business combinations under common control
Investments in associates and joint ventures
Joint arrangements
Disclosure of interests in other entities
Fair value measurement
Foreign exchange
Hyperinflation
Intangible assets
Property, plant and equipment
Investment property
Impairment of fixed assets and goodwill
Capitalisation of borrowing costs
Inventories

Index of extracts from financial statements for all three volumes
Index of standards for all three volumes
Index for all three volumes

This book is printed on acid-free paper, responsibly manufactured from well-managed FSC-certified forests and other controlled sources.

This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, legal or other professional advice. Please refer to your advisors for specific advice.

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